In short

• Construction on the Alexander Tower at Alexanderplatz in Berlin has resumed after a four-year standstill.
• The project has been taken over by the company Equora Capital, and the cost is estimated at around 400 million euros.
• The plan calls for 40 floors and more than 300 apartments, with the first residents expected to move in in 2030.

Standstill since the end of 2022

The construction site next to the Alexa shopping centre had been at a standstill since the end of 2022. At that time, the previous investor, the Moscow-based Monarch group, could not secure financing due to sanctions against Russia (Nach fast vier Jahren Stillstand: Bauarbeiten am „Alexander-Tower“ gehen weiter – tagesspiegel.de).

New investor and revised concept

A few weeks ago, it was reported that the investment company Equora Capital had acquired a 49 percent stake in the project company. The goal is to acquire all shares in the near future. Together with the Hamburg developer DCD Services, the tower is to be completed with a slightly modified concept.

The design by the O&O Baukunst studio now provides for 40 floors instead of 35. The height of 150 metres is to remain unchanged. More than 300 apartments were planned, a hotel with about 295 rooms, and additional commercial space. Originally, 377 apartments had been planned.

Costs and schedule

The value of the investment is around 400 million euros. The first tenants or owners are to be able to move in in 2030.

Another tower in Friedrichshain

In parallel, a residential tower project up to 167 metres high is being developed on Warschauer Straße. The Berlin Senate has opened the way for the project to be considered under the Bauturbo procedure, but no building permit has been issued yet (167-Meter-Turm in Friedrichshain: Neue Entscheidung bringt Bauvorhaben voran – entwicklungsstadt.de).

Also read

• Wieżowiec 167 m przy Warschauer Straße: Senat przepuścił projekt do sprawdzenia, BVG ma zastrzeżenia