With the laying of the foundation stone of 10 September 2014, Hamburg will start construction of its first dedicated “College Quartier”. Located at Hammer Straße 8-16 in the eastern district of Wandsbek, 332 flats for students and 68 apartments with rooms for apprentices will be erected. The project was jointly developed by Hanseatische Bau Konzept GmbH & Co. KG (HBK) and Garbe College-Quartier GmbH. Investor Garbe will spend 50 million on the project.
Two concepts under one roof
A true Hamburg local, Garbe well knows about the difficulties of finding affordable housing in a market dominated by rising rents. To meet demands by the young people and their wallets, two concepts will thus be realised under one roof. Covering 20 square metres, all student apartments will feature a fully furnished kitchen plus free wireless Internet and TV at a monthly rent of 375 euro net. Apprentices will find apartments to share, with rooms at 206 euro each. Scheduled to be realised by July 2015, a concierge service, community rooms for parties or group work, a tea kitchen, roof terrace, lounge and laundry will complement the offer along with a coffee shop to chat and meet other lodgers or guests. Last but not least, the basement garage will also feature lots reserved to car sharing vehicles, plus 488 bike parking units. A bike workshop will allow to solve minor problems right on the spot.
Wandsbek’s third large construction project
Next to 300 flats currently being erected at “Mühlenquartier” (Brauhausviertel) and special retail premises an the corner of Brauhausstraße/Wandsbeker Marktstraße/Hammer Straße, the College Quartier is the third large project to improve the infrastructure and look of the district of Wandsbek. Hopes are high for the merchants along the Wandsbeker Marktstraße to benefit from the investments, too.
Hamburg is home to more than 85,000 students and 40,000 apprentices. Young people in training schemes thus account for nearly eight per cent of the city’s population. According to the Bureau of Statistics North, rents have increased by 27 per cent since 2007 to an average of eleven euro per square metres. It is thus vital to create affordable housing for the young to keep valuable human capital in Hamburg.
source and further details:
Hanseatische Bau Konzept, www.hbk-immo.de/#!co-college-quartier-wandsbek/ctzx