First Vienna Residential Market Report 2024

Lively and close to the centre

Schemerlbrücke

Universumstraße 31A / BUWOG

Large-scale urban development turning Brigittenau into the next big thing

Nestling between Donaukanal and the Danube, the Twentieth District serves as the gateway to the northwest. Brigittenau is a densely populated and lively part of the city that greatly benefits from its proximity to Vienna downtown as well as its many shops and restaurants, direct access to the water, and especially its promising urban development projects. The Twentieth District is lively, multicultural, and densely populat- ed. What it lacks in trendiness, it makes up for in local charm. The area around Wallensteinplatz might have its many bars, shops, and restaurants at any price range, but other areas of Brigittenau have their own unbeatable feature – their immediate proximity to the water. One side of the district borders Donaukanal, turning into a greened promenade and cycleway towards the city centre, while the other benefits from a three-kilometre waterfront overlooking the Danube. Brigittenau’s increasing popularity as a residential district together with the amount of free space available for urban development – more so than anywhere else in the city – have led to increased

construction activity in the district in past years. The Nordwest- bahnhof railway station site – probably currently the most well- known development area – is increasingly taking shape. This area is under development from a goods transshipment centre into a new quarter aiming to become a climate-friendly and socially mixed residential and working area by 2035. The project entails around six and a half thousand apartments for sixteen thousand inhabitants. The Grüne Mitte , or Green Centre, will be constructed in the centre of the quarter. This ten-hectare open parkland-like area with footpaths and cycleways but no continuous streets is set to provide recreational opportunities and space for a variety of leisure activities. The steadily growing interest in residential areas around the district’s major traffic axis, the nearby Dresdner Straße, reflects the district’s revitalisation. Locations near the U6 and U4 metro lines are also in heavy demand. Current projects include Höch.Städt.Platz on Dresdner Straße, CasaBlanca on Webergasse, and Soley on Leystraße.

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