The RIVERPARK Tower – the high-rise building of the Union Investment in Frankfurt’s Wiesenhüttenstraße – is due to be completely renovated and become an extraordinary landmark and residential tower with premium properties and a boarding house. With its spectacular, open architecture, top architect, Ole Scheeren is implementing his first project in Germany and Northbank from the Main. Project development is being implemented by the GEG German Estate Group AG, Frankfurt. Construction shall begin in late autumn 2018.
The RIVERPARK Tower has 23 floors: on the ground floor, the two separate lobby areas lead directly to the boarding house, made up of around 100 apartments in the first five upper floors, and to the 120 to 130 properties that occupy the other 17 upper floors.
The RIVERPARK Suites are located directly on the River Main, in the immediate vicinity of the RIVERPARK Tower. They were designed by one of Frankfurt’s renowned architects, Jo. Franzke, and consist of a mixture of high-quality properties and apartments for subsidised housing directly on the Mainufer.
The complex housing the RIVERPARK Suites has a building comprising of six upper floors with 22 properties, as well as a further building with seven upper floors and at least 34 rental apartments supported by the City of Frankfurt. Mike Josef, Planning Director of the City of Frankfurt said: “I am very pleased that the GEG has been erected here, in such a prominent position and in the context of spectacular architecture. Since there is already existing planning for the high-rise building, we would not have been able to claim subsidised housing construction at all. In a close partnership, this has now been taken into account: on a voluntary basis, at least 34 subsidised apartments have been created in the 1st and 2nd funding path. ”
For the entire complex, room heights of around three meters are planned. On a plot with a floor space of 4,100 sqm and around 230 underground parking spaces, 33,0000 sqm of rental space is thus created. The buildings are made with high-quality materials and support app-based smart home technology. A high sustainability standard is aimed for across the board. The unique location in the first row on the Main guarantees the residents the best views, as well as excellent accessibility to Frankfurt city. The complex is due to be ready in the first half of 2021. The total investment volume will be over EUR 220 million.
Architect, Ole Scheeren said: “This challenging project shows that high-quality living in high-rise buildings in Germany is possible. A closed office tower from the seventies has been transformed into a light, open residential area. We show how an intelligent, sustainable use of existing building fabric can enrich the quality of life not only in the building itself, but also in the context of urban life. In its prominent inner-city location on the banks of the River Main, the RIVERPARK Tower will be a real sign of the future for Frankfurt.”