existing building situation
study "Alternative Utilization of a Multi-storey Building in Frankfurt/Main"
In the third term project, we
examined the prospects for further utilization of a 1970s Deutscher
Verein property in Frankfurt am Main, for which a high level of maintenance
and repair work was necessary.
Specific requirements resulted from the heritable building rights attaching
to the site, combined with Deutscher Verein's sales price expectations.
After a detailed market and cost/benefit analysis, we defined on this
basis a concept for the specialised senior citizens properties market,
in the form of a combination of supervised residential units and an
old persons' home. The essential precondition was at least partial demolition
of existing buildings. The result was a feasible project including an
exit strategy and the positive project profit achievable, which we unveiled
to Deutsche Verein at a project presentation in Frankfurt on February