Frankfurt's 'Main Yard' Project Criticized for Low Affordable Housing
Frankfurt's 'Main Event' project, due for completion later this year, has faced criticism for its low provision of subsidized apartments. The city admits planning oversights, with only 15 of the 280 apartments set to be publicly subsidized, falling short of the required quota.
The project, aiming to upgrade the Allerheiligen Quarter and connect it better to the city center, is based on a 2006 building plan. This predates the current quota for subsidized apartments, explaining the low proportion.
The 'Main Event' project, an initiative of investor ECE, includes around 280 rental apartments, 4,000 square meters for gastronomy and commerce, and a two-story underground garage with 180 parking spaces and 400 bicycle parking spaces. A new car-free pedestrian zone, 'Am Städelshof', is also part of the plan.
The success of the 'Main Event' project hinges on its social balance and design. Despite the low number of subsidized apartments, the project aims to transform the Allerheiligen Quarter sustainably. Upon completion, it will offer a mix of residential, commercial, and leisure spaces, connected by a pedestrian-friendly zone.