Berlin Barracks Now Luxury Real Estate

  • 16 years ago
  • Uncategorized
The US Army’s former McNair barracks in southwest Berlin are in the process of being converted to a luxury housing complex to be called Monroe Park. Berlin property firm S+P Real Estate GmbH and an American investor are investing some €70 million, or approximately $91 million US, to transform the historic premises in the city’s Zehlendorf district into upscale apartments.
The US Army occupied the premises from 1945 to 1995, when they moved out after the fall of the Berlin Wall. At that time, the whole set of buildings were protected by Germany’s Historical Preservation Act, and it will be the largest preserved residential building project in the country.
Monroe Park represents a blend of many things for those who are interested in this upscale luxury property development. It is being developed in one of the most sought-after sections of Berlin, and has over 46,000 square meters (approx. 11 acres) in space. The project skillfully links diverse urban amenities with a great quality of life. Located near the former Telefunken building, Monroe Park is emerging as a high-quality housing estate for those who want to live in the city but who also will appreciate and enjoy the advantage of a calm surroundings.
Construction permits for the project were issued earlier this year and the whole renovation is set for the next couple of years. For those who are interested, there are pre-release sales and special pricing available. Apartments range from 60 to 260 square metres in size, with designer kitchens, parquet floors, and other quality features
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