Popular Penzing
Otto-Wagner-Villa
Kennedy Garden / BUWOG
The green gates to Vienna
There are many reasons to opt for Penzing as a residential area: Penzing profits from its many green and recreational spaces due to its location on the western outskirts of Vienna with the hills of the Vienna Woods and their forest paths and meadows attracting many nature lovers on the one hand, and the district’s convenient transport connections with the U4 metro line and regional railway services on the other. The Fourteenth District has seen much development in recent years, but there is still plenty of potential that has not gone unnoticed by builders and developers. This explains the busy construction activity in Penzing, which is especially visible in major projects at former factory and barracks sites. Kennedy Garden on Penzinger Straße and Alice in Cumberland on Cumberlandstraße are two large projects nearing com- pletion with more than five hundred and almost two hundred residential units, respectively, and the part development on the Körnerkaserne barracks site has already been completed. Apart from that, there are further projects in preparation or already underway making Penzing the most active new construction
market on the west side of Vienna. These projects include a new construction project at the former Salesian headquarters and a construction project at Goldschlagstraße 191, a major project between Huttengasse and Kendlerstraße, and several other new repurposing projects that are now in planning or under develop- ment on what were once company properties. The district is also developing outwards from the city with many smaller projects emerging such as Sophie’s Gärten on Mauer- bachstraße, Floé on Flötzersteig, and Zwei beim Kirschbaum on Hauptstraße. These locations have a lot to offer due to their proximity to the extensive green areas of the district, attracting an extremely broad target group. This heavy demand has led to a sharp increase in housing prices in the district benefiting both new and existing properties, which in turn has a positive effect on commercial areas such as on Linzer Straße and Penzinger Straße, where many properties that had long since been vacant are gaining new tenants and business to the de- light of residents, reviving this traditional Viennese neighbourhood.
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