Work begins on building Austria’s most sustainable urban quarter

Vienna, 28 April 2022. The start of construction of the Althan Quartier in Vienna’s Alsergrund district was celebrated on 27 April in the company of some 100 guests. The project involves what is currently the largest development zone inside Vienna’s “Gürtel” road. The total investment volume amounts to over half a billion euros.

“We’re delighted to be here with our guests celebrating the next major milestone in our flagship project, which will soon see a fantastic transformation and modernisation – starting with the FRANCIS office building,” says Sebastian Nitsch, CEO of 6B47, commenting on the FRANCIS redevelopment project.

6B47 is setting new standards in sustainability with the construction of the Althan Quartier.
“We’re well aware of our responsibility and want to show that being a pioneer in climate-friendly project development isn’t simply pie in the sky. The example of the Althan Quartier – and FRANCIS in particular – proves this: converting what’s already here will emit 67 per cent less CO2 than building from scratch,” Nitsch adds.

Mayor of Alsergrund Saya Ahmad has this to say on construction of the Althan Quartier getting under way: “As Mayor, it’s important to me that we design our neighbourhood so it meets everyone’s needs. One way to do this is to breathe new life into restaurants and other places where people can meet. And 6B47 is also committed to this aim.”
The quarter comprises three projects: FRANCIS, featuring offices and restaurants, and JOSEPH and SOPHIE, which will boast 250 apartments, a four-star hotel and a multi-storey car park. Work is scheduled for completion in 2024.


Photo 1: Drone shot of the Althan Quartier
Photo 2: Guests at the event Copyright: Florian Albert
Photo 3: from left to right: Friedrich Gruber (COO of 6B47 Real Estate Investors AG), Saya Ahmad (Mayor of Alsergrund), Sebastian G. Nitsch (CEO of 6B47 Real Estate Investors AG), Josef Weichenberger (Josef Weichenberger Architects), Alexander Loimayr (Strabag AG Austria). Copyright: Florian Albert