Young creatives and artists have a reputation for shaping cool neighbourhoods, often on the fringes of cities where the prices of property and lettings are at their most affordable. “Art can drive change and development, and all the elements that create a sense of place,” says Hugo Thistlethwayte, Head of Global Residential Operations, Savills. Take areas such as London’s Shoreditch or Miami’s Wynwood, which were both dilapidated and edgy but became fashionable and buzzing after developers hitched their wagons to the emerging art scenes there. So where are they eyeing now?
AM TACHELES, Mitte, Berlin
When the Berlin Wall fell, artists from the east and west converged in a pre-war building on Oranienburger Strasse, close to the city’s famous Alexanderplatz. They formed an artistic community and launched Künstlerinitative Tacheles and, by living and working there, prevented the dilapidated building’s demolition. Up until 2012, it remained a hub of creative energy.
After purchasing the land in 2014, investors commissioned architectural practice Herzog & de Meuron to create a masterplan for a vibrant mixed-use development, says Thomas Zabel of Savills residential agency in Germany. AM TACHELES will comprise 10 new buildings around the original structure, five of which are residential, with a health club and 24-hour concierge. “AM TACHELES will transform this area with a mixture of working, living, shopping and culture, together with green squares and public thoroughfares,” says Zabel.
The area is still beloved by the art community, with local residents including artist Tina Winkhaus, collectors Erika Hoffmann and Julia Stoschek, as well as the KW Institute for Contemporary Art and Swedish photography museum Fotografiska.