Investor plans new building for multi-generational living in Gommern after demolition of the old grain mill.

Investor plans new building for multi-generational living in Gommern after demolition of the old grain mill.

According to a report from www.volksstimme.de, the demolition of the old grain mill in Gommern has begun. The building and the area were in serious disrepair and were listed as historical monuments. Due to the threat of collapse, the sidewalk in front of the grain mill was closed to pedestrians. Since the city of Gommern did not have enough financial resources to develop the area itself, it was sold to an investor. After the demolition, he plans to build a multi-generational residential complex.

The costs of the demolition were controversially discussed in advance, as the city of Gommern provided the investor with a sum of 960,000 euros. It is questionable whether the investor would have bought the property without covering the demolition costs, as demolition was part of the purchase agreement.

The demolition of the old grain mill and the planned construction of the residential complex may have an impact on the real estate market in Gommern and the surrounding region. The construction of an attractive residential complex could lead to an increase in demand for housing. This, in turn, could lead to an increase in property prices in the region. In addition, the development of the area could lead to an improvement in the surrounding area, which could also have an impact on the real estate market.

However, the high price of demolishing the building could also become a financial burden for the city of Gommern. It remains to be seen whether the investment in the demolition and construction of the residential complex will be profitable in the long term and have a positive impact on the real estate market.

Source: According to a report from www.volksstimme.de.