Lyoner Strasse 40

Hochhaus GWH Hessen, Lyoner Strasse 40, Bürostadt Niederrad, Lyoner Viertel, Frankfurt

The housing company GWH is building a 19-storey residential tower on Lyoner Strasse 40 in the Lyon district (formerly the office town of Niederrad). GWH Wohnungsgesellschaft Hessen, a subsidiary of Landesbank Hessen-Thuringen, bought the current office buildings, Lyoner Strasse 38 and 40.

The Deutsche Hospitality (former Steigenberger Hotel Group) had previously been based in the 19-storey office tower with 12,785 sqm gross floor space. The company has now moved into the office building opposite. In 2017, the restructuring of 151 self-financed dwellings will begin and be completed by early 2019. In the new residential tower, two-room apartments are planned, which are to remain a part of the GWH portfolio.

On the neighbouring site (the approximately 1.1 hectare ‘Lyoner Strasse 38’), the nine-storey office building has been demolished. For the autumn of 2018, the construction of further residential apartments has been planned. The purchase of the property, which is now completed, also includes the parking garage behind the current office tower. The parking garage is to be removed and in its place will be an underground car park and, above-ground, further apartments. In total, GWH plans to build around 200 properties on the site.

The seller of the original real estate is the Garbe group from Hamburg, which had reportedly acquired the site in 2015.

Lyoner Straße 40 - Stephan Forsten Architekten - New residential tower in the office district Niederrad of GWH

Status January 2018: The deconstruction work (gutting and facade removal) began in December 2017. The start of actual construction is planned for March 2018. The completion of the high-rise residential building, with 150 rental apartments, is expected for spring 2019. The high-rise residential building will be converted by GWH Wohnungsgesellschaft, while GWH Bauprojekte, as a subsidiary, will take over project management. The condominiums are still in the planning phase; these are built and marketed by the GWH construction projects. The architecture was designed by Stefan Forster Architekten.

Status: August 2017: No building activity has been identified. Further details (such as blueprints) were requested from GWH Hessen.

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