The RIVERPARK Tower transforms the former office high-rise of Union Investment during a major renovation into an extraordinary landmark and residential tower with premium units and a boarding house. With its spectacular open architecture, star architect Ole Scheeren is implementing his first project in Germany located on the northern bank of the river Main. Project development is being implemented by the GEG German Estate Group AG, Frankfurt.
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 Main banks.
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, Head of Planning of the City of Frankfurt said: “I am very pleased that GEG is erecting 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. Construction is expected to start in spring 2020. 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.”
Status June 2021: As SKYLINE ATLAS learned from several independent sources that the Riverpark Tower project was apparently sold to the project developer Groß & Partner. According to reports, the project developer seem to plan office space there. This means that the realization of the Riverpark Tower in its previously known form is unlikely to happen. A complete demolition of the original high-rise complex is more likely.
Status April 2020: According to the City of Frankfurt, the building permit for the Riverpark Tower/Riverpark Suites project is as follows: Change of use on the 2nd to 6th floor (1. OG to 5.OG) from offices into a accommodation facility with 200 guest beds, on the 7th to 18th floor (6.OG to 17.OG) from offices into 93 apartments, dismantling of 3 technical floors, construction of 5 floors with 24 apartments as well as internal conversions on the ground floor and in the basement, closing of escape balconies and production of balconies on the upper floors with facade changes to a high-rise with apartments and accommodation.