FIRST VIENNA RESIDENTIAL MARKET REPORT | 2021
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1020 LEOPOLDSTADT
ISLAND OF DI VERSITY
O NE OF VIENNA’S LARGEST downtown development zones, Leopoldstadt has transformed into a popular res- idential area. This is mainly due to busy construction ac- tivity; one example is the development at the former Nordbahnhof railway station, which is already halfway towards completion. This project should see around ten thousand residential units and twenty
thousand jobs created in the area by 2025. Along the banks of the Danube, Donauufer is experiencing a revival with residential high-rises such as Marina Tower alongside the Second District’s other high-rise projects in planning. Other hotspots in the district include the Vienna University of Economics and Business (WU) Campus, Stuwerviertel, and the Prater. ×
Nord- bahnhof
Stuwer- viertel
U Praterstern
U Schottenring
WU- Campus/ Messe
Prater
U Stadion
U Schwedenplatz
Handelskai
Hauptallee
U Donaumarina
Praterkai
HOTSPOTS
SPECIAL FEATURES OF DISTRICT The Second and Twentieth Districts form the Mazzesinsel, or “Matzo Is- land” – matzo referring to the traditional unleavened bread enjoyed at Jewish holidays – between Donaukanal and the River Danube. A tradition- al centre of Jewish life, Leopoldstadt is probably one of the most diverse parts of Vienna. This district benefits from trendy bars on Donaukanal, kosher grocery stores in Karmelitermarkt, and hip cafés in Volkertmarkt alongside magnificent shopping streets such as Taborstraße and Prater- straße as well as enormous green sports and recreational areas such as Augarten and the Prater. The world-famous Vienna Boys’ Choir is based in Palais Augarten. The Prater is not only a paradise for joggers and cyclists,
it also has the Wurstelprater amusement park with a Ferris wheel as its main attraction, and the venerable Ernst Happel Stadium.
The Consumption Oriented Sinus-Milieu ® is especially heavily represent- ed in Leopoldstadt. This milieu appreciates the district’s urban grätzel structure of small Viennese neighbourhoods with their traditional pub and tavern life, while attaching great importance to affordable housing and budget shopping opportunities. Green space accounts for more than half the area – surrounded by water, the district is the city’s green lung and a central recreational area for residents and visitors.
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