"The building permit for the plan change has been available since February 24," said a spokeswoman for the Vienna building police to "Wien heute". A subsidiary of the Stumpf Group, owned by Vienna investor Georg Stumpf, acquired the unfinished department store "Lamarr" from the insolvency estate of the Signa Group of René Benko in the fall of 2024.
Approval for Successor Project of Department Store "Lamarr" Granted
Heute, 11:24
The city of Vienna has approved the successor project for the former department store project "Lamarr" on Mariahilfer Straße. The demolition work is almost complete, and the new construction is expected to begin in about a month. The plan includes a building with shops, gastronomy, and about 200 condominiums. The completion of the construction work is expected by early 2028.
Successor Project of Department Store "Lamarr": Apartments, Shops, and Publicly Accessible Rooftop Terrace Planned
The new owner is now planning a property with retail spaces on around 12,000 square meters on the lower three floors and apartments from the second to the eighth floor. The planned hotel in the rear part of the building and the publicly accessible rooftop terrace are still part of the usage concept. The terrace must be implemented because a right of use (servitude) was agreed upon there, which was a major concern for the Neubau district.
The demolition or deconstruction was possible without any permit. A change in the usage concept is also allowed, as the zoning in this area permits residential use. However, retail spaces on the lower floors are necessary because the property is located in a commercial zone. The construction negotiation took place in mid-January. The owner expects the project to be completed in the first quarter of 2028.
(APA/Red)
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