A vibrant mix
Naschmarkt
Wiedner Gürtel 62 / BUWOG
Perfect blend of conservative and hip
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. Wieden is also teeming with student life, especially around the TU, or Vienna University of Technology. The lively Freihausviertel quarter around Schleifmühlgasse with its many restaurants attracts a signifi- cantly younger target group than the rest of the district. This small district nestled between downtown and the Haupt- bahnhof main railway station has seen very little in the way of new construction activity. The housing supply in the Fourth District is rather scarce due to the small size of the district and its high development density; most of the housing available is limited to smaller, more exclusive projects, lofts, and apartment building renovations. Projects such as The Fusion on Ketten- brückengasse, Der Goldene Flamingo on Karolinengasse, and Quartier Starhemberg on Favoritenstraße are some of the current developments in the district.
the Fourth District, although the more southern parts are slowly beginning to catch up, too. However, residents see prices on the housing market as absolutely justified as Wieden provides a wide range of cultural leisure activities and a lively restau- rant and café scene together with excellent public transport connections, even if the number of green areas is rather sparse. There is a lot happening in this area too, with Argentinierstraße set to be redesigned in the next few years. A concept has been developed with the involvement of residents, including converting the 1.3-kilometre-long street – a central connection between the Hauptbahnhof main railway station and the city centre – into a cycleway. Around a thousand square metres of tarmac are set to be unsealed by green areas by the fourth quarter of 2024, which should improve microclimate and cool- ing conditions in the area. The redesign project on the parking facilities in Naschmarkt is progressing and taking shape: work on a full transformation of the previous urban heat island is scheduled to begin in autumn 2024. Instead of being built on, the current parking facilities will be left mostly unsealed and turned into a spacious green oasis in the midst of the city.
Locations adjoining the city centre such as those near Karls- platz have always been amongst the more expensive areas in
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