In the town of Stein near Nuremberg in Central Franconia, a neighborhood called Krügelpark is under construction that focuses on the well-being and community aspects of its residents. It will have 254 rental apartments spread across seven buildings; 69 of the apartments are publicly subsidized. Completion of the first construction phases is scheduled for mid-2023. It is one of Stein's most ambitious construction projects to date and the biggest in the history of Schultheiß Projektentwicklung AG, a leading developer in the Nuremberg region. The Munich and Nuremberg teams of Drees & Sommer SE, a consulting firm specializing in the construction and real estate sector, are providing support for the construction project.
Characterless rows of houses are a thing of the past. The Krügelpark neighborhood brings the charm of a small town to the Stein metropolitan region in Central Franconia. It offers its residents a quiet home in the middle of greenery, yet very close to the city.
The project by Schultheiß Projektentwicklung AG will build urgently needed apartments on a derelict commercial site. ‘We want to set a good example of how to ease the situation on the highly competitive housing market. Through our neighborhood projects, we construct appealing apartments in a delightful setting. This is also aimed at those people and families who have fewer and fewer opportunities to find an affordable home on the housing market. Subsidized housing is still rare in German urban areas. As a result, we have also sometimes specialized in this as a project developer,’ explains Michael Kopper, CEO of Schultheiß Projektentwicklung AG.
On the site of the former furniture giant Krügel, a residential project is being realized that stands out not least for its architectural style. Each building consists of polygonal structures, creating an unusual appearance. The flat-roofed buildings with two- to four-bedroom apartments vary in height. Extensive outdoor facilities include trees, adding green oases of quietness to the traffic-calmed neighborhood. A sophisticated approach to mobility encourages the use of climate-friendly means of transport.
More information you could find in the Press release.