Catching up
Kohlgasse 47 / EHL
Film Casino / Margaretenstraße 78
Margareten developing into a trend district
Formerly a classic working-class district, Margareten is currently in transition, especially due to the metro extension and associated connection to the U2 metro line. The district is set to benefit from the extension with a metro junction at Pilgramgasse and additional stations at Reinprechtsdorfer Straße and Matzleinsdorfer Platz. These particular locations are already benefiting from the metro extension completion planned for 2028. As an example, Reinprechtsdorfer Straße is currently being redesigned as a central traffic axis and shopping high street. The ÖBB train sta- tion conversion at Matzleinsdorfer Platz saw completion last year, contributing to a significant increase in this major transport hub’s attractiveness. Residential prices reflect Margareten’s transition into a trend district. Expectations of significant upgrades to indi-
vidual locations in major parts of the district have led to acceptance of increased prices even though apartment prices in the Fifth District are currently still lower than in all other inner districts. Like Wieden, the dense development in Margareten severely limits new construction, so developers are mainly using the few areas available for smaller but all the more high-value construction projects such as Gardencourt (near Reinprechtsdorfer Straße) and at Obere Amtshausgasse 49A, Wiedner Hauptstraße 150, Vogelsanggasse 25, and Schönbrunner Straße 102. The district has rather few parks, but the special attraction comes in the form of all the many hidden courtyards in the Schlossquadrat quarter amongst other places providing culinary diversity for residents in a charming ambience between old buildings and urban hustle and bustle.
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