Berlin developers attract tenants with historic amenities

New York /
Feb.February 23, 2014 04:00 PM

 Developers in Berlin are embracing their past and attracting tenants with unique and historic amenities.

For instance, music-sharing startup SoundCloud and Mozilla, maker of the Firefox Internet browser, have both inked deals in a former brewery that was once a part of the Berlin Wall, according to Businessweek.

Other new developments aimed at tech tenants include an office with the remains of a Nazi bunker in the courtyard, and another that features windows once used as lookouts for East German border guards.

“It’s a cool way to build on history,” Berlin real estate investor Simon Schaefer, said. “You see the East German architecture, you see the 19th century neighborhood, and then you have something modern we’ve put on top. That’s the essence of Berlin.”

In another example, the Berlin outpost of Soho House, a private clubhouse chain, was developed from the East German Communist Party’s headquarters.

“There’s a need to deal with the history,” Schaefer told Businessweek. “And one of the most positive ways to deal with it is to create something positive and tolerant and forward-looking.” [Businessweek] Christopher Cameron


Related Articles

arrow_forward_ios
As companies leave Silicon Valley, Austin, Texas is becoming a top destination. (Getty)

Silicon Valley exodus: Where’d everyone go?

Silicon Valley exodus: Where’d everyone go?
TF Cornerstone President Frederick Elghanayan with 2-10 54th Avenue and 55-01 Second Street in Long Island City (Google Maps)

The 10 biggest new project filings in NYC

The 10 biggest new project filings in NYC
Gov. Andrew Cuomo announced that a major development surrounding Penn Station. (Getty)

Cuomo adds housing to $51B Midtown West project

Cuomo adds housing to $51B Midtown West project
Neil Shekhter (Shekhter by Kevin Scanlon; iStock)

Santa Monica mega-portfolio officially hits market

Santa Monica mega-portfolio officially hits market
Alex Sapir (Getty)

Former Sapir employee accuses company of retaliation

Former Sapir employee accuses company of retaliation
A rendering of 250 Water Street and Howard Hughes Corporation CEO David O'Reilly (SOM; Getty; iStock)

Howard Hughes’ Seaport project dealt major blow

Howard Hughes’ Seaport project dealt major blow
229 West 43rd Street in New York and Two Westlake Park in Texas. New York and Texas are the states with the largest exposure to loans with appraisal reductions. (Photos via iStock; Google Maps; JLL)

What appraisal reductions mean for future losses on CMBS loans

What appraisal reductions mean for future losses on CMBS loans
Ray McGuire photographed by Axel Dupeux.

The Closing: Ray McGuire

The Closing: Ray McGuire
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...