Offenbach's student dormitory: Breaks for the blueprints at the Kaiserlei!

Offenbach's student dormitory: Breaks for the blueprints at the Kaiserlei!

Offenbach, Deutschland - An ambitious residential project in Offenbach am Kaiserlei is on the end: The pool group, which originally wanted to build 1,500 student apartments in the extensive former KWU towers, surprisingly withdraws from the project. The project developer announced that the implementation in the desired serial construction was not feasible under the current economic conditions. This decision was made after a thorough review of the project, such as hessenschau.de Mayor Felix Schwenke was not surprised by the withdrawal, especially after the key figure Jörn Stobbe left the company a few weeks ago. Instead, the city is now hoping for the Frankfurt ABG, which comes into play as a possible new buyer. The ABG plans to demolish and rebuild the existing buildings in order to finally create a modified number of student apartments. Of the almost 1,500 units originally planned, only a "noteworthy three-digit number" could now arise, such as op-online.de reported. However, the city warns that the talks about a prize with the currently battered Adler group that has the area still stand.

The resignation of the purchase of the KWU area not only burdens urban development, but also illustrates the challenges with which real estate developers are currently confronted. The Adler Group must move despite its previous reluctance to ensure progress in the construction process. The time pressure is noticeable because the city of Offenbach is urging a realistic plan that includes student apartments and affordable living space in order to meet urban needs. This will result in hopes for a new start of the project.