First Vienna Residential Market Report 2023

Living quality in Transdanubia

Alte Donau

SCHÖNECK 13 / BUWOG

Transformation and expansion

Floridsdorf is a district in transition. The district’s infrastruc- ture has undergone extensive expansion in recent years with construction activity far more intense here than in the rest of Vienna. The Twenty-First District is especially attractive to project developers due to the large supply of space available for development. These spaces offer a multitude of possibili- ties for building affordable residential projects with efficient floorplans. The district’s transformation is also apparent in terms of urban development with specific plans to create several new tradition- al-style Viennese neighbourhoods and quarters in the next few years. The new Donaufeld quarter with its huge share of green space is especially worth mentioning. The area covers around sixty hectares located between the Floridsdorf and Kagran district centres. Around six thousand apartments are planned as well as space for offices, services, and social infrastructure. Neu-Leopoldau is another example of ongoing development with a new quarter currently under development on the former Leopoldau gasworks site. This project entails a total of 1,400 apart- ments – most of which subsidised – and 70,000 square metres of commercial space, social infrastructure, and large open spaces.

Floridsdorf also has a number of renovation and modernisation pro- jects such as the Werndlgasse estate, which is currently being ren- ovated and appropriately expanded. There are also new workshops and production facilities for trade and services under development on Karl-Schäfer-Straße. The area around Floridsdorf hospital is set for a redesign, mainly focusing on public living space. There are many reasons to opt for Floridsdorf as a residential area: some of the quarters still have a rural feel, combining peace and quiet with a small-town attitude to life, and nearby Donauinsel island on the Danube provides an ideal place for leisure; on the other hand, it takes no more than twenty minutes or so to reach downtown thanks to the excellent public transport connections. The residential real estate market reflects Floridsdorf’s increasing attractiveness as a residential quarter as a result of the changes taking place in the district. Housing is especially popular in the wine-tavern neighbourhoods; one example is the now completed Schöneck 13 project for owner-occupied apartments on Bern- reiterplatz in the Jedlesee quarter. Leopold XXI is another exciting project that has been completed on Leopoldauer Platz. Other pro- jects are under development at Drygalskiweg 59, An der Schanze 25, and Brünner Straße 105.

Powered by