Solid middle- class flair
Schwindgasse 5 / EHL
Naschmarkt
Charming blend of downtown and gateway to the south
The Fourth District is a sought-after residential area with a distinctly middle-class flair, especially in the areas around Karlsplatz, Schwarzenbergplatz up to Belvedere palace and lower Wiedner Hauptstraße. The rather small size of the district and its dense development severely limit new construction activity in Wieden; most of the development consists of small exclusive projects, loft con- versions, and apartment building renovation. The apartment buildings in particular offer plenty of potential for preserva- tion due to the consistently solid building structure. Current developments in the district include projects such as The Fusion right next to Vienna’s Naschmarkt, The Core at Petz- valgasse 4, Ein Wiedner , Wieden 70 , and On Air at the listed ORF-Funkhaus broadcasting centre on Argentinierstraße. The Quartier Starhemberg alone is one of the larger construction projects in Wieden at around eighty residential units border- ing on the Tenth District. Above all, locations along the Vienna
Beltway have seen continuous upgrades for several years owing to development of the Hauptbahnhof main railway station and new residential quarters in neighbouring Favoriten. High-quality development projects such as Quartier Belvedere (residential and office space) and Erste Campus with The Icon Vienna (offices) as well as several hotels have triggered a radical transition in this part of the district, a transition extending into the Fourth District and its price levels. Locations adjoining the city centre such as those near Karlsplatz have always been amongst the more expensive areas in the Fourth District, although the more southern parts are slowly beginning to catch up. However, residents see prices on the housing market as absolutely justified as Wieden provides a wide range of cultural leisure activities and a lively restaurant and café scene together with excellent public transport connections, even if the number of green areas is rather sparse.
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