The new owner of the Signa project Lamarr on Mariahilfer Straße in Vienna would like to break down part of the scale. According to a report, he intends to remove all floors above the ground floor and replace it with apartments.
The upper Austrian news is based on internal work documents of Stumpf Development GmbH. This had bought the scale, where the work was suspended for a year and a half with around 120 million euros last fall. According to the report, the plans include the second to eighth floor.
It has already been established that the concept of Tyroolean real estate entrepreneur René Benko is not being pursued. He had planned a luxury department store with 20,000 square meters of retail space. A concept now provides around 40 apartments per floor. A roof terrace can be problematic that must remain publicly accessible.
The city of Vienna said there was no official submission to the construction police. The Kadewe Group, which had built the building on Mariahilfer Straße, registered bankruptcy at the start of the previous year. She also had luxury department stores in Berlin, Hamburg and Munich.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
