New residential project on the Sendlinger Loch: The lake is torn down!

New residential project on the Sendlinger Loch: The lake is torn down!

In Munich, something is finally happening: The construction pit at Alramstrasse 14, which has been showing a picture of the standstill since 2020, has had new owners since the beginning of July. The Starnberg real estate company Ehret and Klein has taken on the area and plans to build rental apartments instead of the originally intended luxury owner apartments. This could finally be replenished by the so -called “Sendlinger Loch”, which has been employed for years. Michael Ehret, founder of Ehret and Klein, recently announced the plans and also announced that the work had already started.

The situation on Alramstrasse has been anything but gratifying since the M-Concept's construction stop, which received a building permit for 128 condominiums in 2019. Due to the increasing construction costs, which rose particularly through the Ukraine war, and a lack of number of buyers, the project had to be put on hold. In the meantime, a twelve-meter-deep construction pit is placed on Alramstrasse and Aberleststrasse, which runs full of water. This sight is not only a nuisance for the residents, but also symbolically stands for the current housing crisis in the city that enlivens many Munich.

new plans for the Sendlinger Loch

The new owners of Ehret and Klein have already started pumping the water from the pit. While the construction vehicles and cranes are already on site, the local building commission carries out static studies in order to eliminate any defects. It is planned that the construction work will begin in a few months, probably in September, with the construction of the basement. So a turn in the painful history of the Sendlinger Loch seems to be within reach.

The plans that M-Concept previously designed should continue to be implemented. New building applications are not in sight, and the property is still owned by 14 Alramstraße GmbH & Co. KG. M-Concept boss Stefan Mayr confirmed that the property was not sold, but rumors were circulating about a potential buyer from Starnberg. The sales price of 73 million euros for the property is generally assessed as utopian, and whether the new construction plans can be implemented successfully remains to be seen.

The challenges of the past

The problems for M-Concept did not end with a standstill at the Sendlinger Loch. The company also faces legal difficulties, among other things with an indictment, bankruptcy, bankruptcy and bankruptcy, for which a process date is still pending. A shadow that has been on the industry for months and does not make the already tense situation on the housing market.

But now you can hope that with the fresh wind of honor and small and the concrete blueprints for rental apartments will finally move to the Sendlinger hole. It remains exciting whether the project will actually make tangible progress in the coming months and the citizens of Munich will soon receive an attractive residential area instead of the previous water hole and the structural standstill.

Current information on the developments related to the Sendlinger Loch can be found at [Süddeutsche] here and at the [Abendzeitung] here .