While Berlin Mitte and Prenzlauer Berg is the main hunting area for Berlin based hotel and residential developers, Friedrichshain seems to gain traction, due to high prices and short suplly in Mitte and Prenzlauer Berg. With prices outreaching 3500 Euro/sqm Berlin Mitte and Prenzlauer Berg is no longer suitable for “normal” families with 2 incomes and 2-3 (!) kids.
For example, condo project Gleimstr. 50 (Gleimkiez in Prenzlauer Berg) of developer natulis AG in a more northern part of Prenzlauer Berg sold for 2850 Euro/sqm back in 2008 and would cost today 3500 Euro and more today in the same location and quality. Yet unfinancable by people with a “normal” income.
Developers now turn heads towards Friedrichshain, especially in former redevelopement area “Samariterviertel” and Simon-Dach-Kiez, arround Boxhagener Platz lots of plots are still unbuildt (does not mean on sale). One part of Friedrichain is allready heavily developed, the Island Stralau half surrounded by the river spree.
Now Berlin/Leipzig based Agromex GmbH & Co. KG, developer of townhouse project Hafenquartier Mitte, revealed plans for a new condo project in Dolzigerstr. 19/20 and 21/22, according to Thomas Daily 45 flats are planned.
If you are planning a condo project in Friedrichshain our Berlin based Brokerage and Advisory Company BerlinInvestment.com can provide you with plots, ready to built with building permission.