For nearly half a century the tallest building in Berlin has been a relic of its Soviet past. The Park Inn, a slender glass and concrete hotel in Alexanderplatz, was erected in the late 1960’s to mark East Germany’s 20th anniversary.
The 410-foot tall edifice, called Hotel Stadt Berlin at the time of its construction, can still be seen across much of the low-slung German capital today, standing in the shadow of the city’s television tower, the iconic sphere that stands just over 1,200 feet.
Yet as Berlin’s property values continue to soar – rising faster than any German city over the past five years – residential developers are set to challenge the Park Inn’s elevation supremacy. Two international builders have unveiled plans to erect skyscrapers at Alexanderplatz that will stand nearly 500-feet high and house some of the most expensive property in the city.
Russian developer MonArch AG, one of Moscow’s largest builders, plans to construct a sleek glass and steel tower that will measure at least 490 feet high and include 14,000 sq metres of residential apartments, the developer says.
A more ambitious project is being developed by the American firm Hines. The Houston based company is planning to build a boxy, twisting structure designed by Frank Gehry that will rise 490-feet and include three-hundred apartments and a hotel. Despite intense scrutiny from city officials, Berlin’s planning commission is set to approve the projects later this year, both developers say. […]