Future of the Hedy Lamarr department store: What is investor Stumpf plans?

Future of the Hedy Lamarr department store: What is investor Stumpf plans?

Mariahilfer Straße 10–18, 1070 Wien, Österreich - The construction of the hedy lamarric shopping center on Mariahilfer Straße has made headlines in the past few months, especially after the insolvencies of the Signa Group, which should have originally been implemented. But after the takeover by the real estate investor Georg Stumpf there is finally movement. As MeinDägkurz has already developed plans for redesigning the shell. At the moment, however, it is still in the stars whether the building is being realized as a luxury department store, since there is no operator and the industry is in a crisis.

construction site without progress

The shell on Mariahilfer Straße has been quiet for one and a half years, which is not a positive development for the best -known shopping mile of Vienna. Stumpf stated that you continue to work on a new concept and that this is expected to complete this by summer 2025. The head of the construction police, Gerhard Cech, confirmed that there are currently no official submissions, but preliminary talks about the future use of the property. In an interview, he said: "A hotel should continue to come at the back of the building, and there is also no shape on the publicly accessible roof terrace." In addition to a hotel, according to experts, plans for offices and shops on the ground floor could be discussed, with the possibility of a partial termination of the upper floors.

The Stumpf group made its decision to buy against the background of the excellent location along Mariahilfer Straße. District head Markus Reiter was pleased to say about quick progress: "It is a good day for Mariahilfer Straße that the insolvency administrator and the banks involved were able to clarify so quickly." The aim is to further develop the shopping center in close coordination with the district and the city. The previous usage concept should remain part of the plans to ensure that Mariahilfer Straße continues to be an attractive place for buyers and guests, as ORF Vienna