The entire project was completed on time and within the specified budget. Strategic planning began back in 2014, and intensive preliminary studies were initially carried out in 2016. The final decision to realize the residential concept was made in 2017, and then the project and evaluation procedures and the project planning began in 2019. Following the invitation to tender and acquisition of the building permit in 2020, construction work could begin on schedule in 2021. Thanks to the intensive planning and close collaboration between all those involved, including architects, construction companies and the city, the development was successfully completed in 2024, and once the various buildings were fully completed, the first tenants were able to move in as early as May 2024.    

The three new apartment buildings were constructed in accordance with the latest energy standards.  Numerous sustainable solutions were implemented in their planning and construction. While the photovoltaic systems installed on the roofs enable efficient energy generation, the central energy supply (CES) ensures optimized distribution and use of the electricity. The façades were also greened, a feature that not only helps to beautify the cityscape but also makes an important contribution to improving the urban microclimate. The installation of charging stations for electric vehicles has also advanced considerably, providing sustainable support for residents' mobility.       

The project focused not only on ecological but also on social sustainability. In addition to particularly comfortable and high-quality apartments, there are also modern, publicly subsidized housing options that contribute to social diversity. There are two playgrounds directly on the property, offering children and their families opportunities for leisure activities, while a neighborhood grocery store ensures residents can shop locally. The attractive location of the buildings, adjacent to a wooded plot belonging to the site that is inhabited by a small family of foxes, offers excellent public transport connections, making it easy and convenient to reach the city center. There are also three communal rooms that provide for social exchange and interaction among the residents.

Marketing was launched in October 2023 and met with high demand, making it a great success. Even before completion, 95 percent of the residential and commercial spaces had already been rented, with interested parties having the option to fill in an online form to apply to rent the attractive apartments and commercial spaces. All units are now occupied, and the entire neighborhood has come to life.    
The new building project on Austrasse in Zurich is another example of the city's successful, sustainable and future-oriented development. The combination of modern architecture, sustainable energy concepts and a strong sense of social responsibility makes the property an asset for the city of Zurich and its residents. We are delighted to have successfully completed this project and look forward with great anticipation and commitment to further exciting developments in our portfolio.