Covering nearly 7,600m² near Vienna Millennium Tower, the project will involve the construction of residential, commercial and office space.
The project design will be done by architects Gerner Gerner Plus.
PORR CEO Karl-Heinz Strauss said: “The large-scale project at Handelskai will not only see the construction of a state-of-the-art residential complex but generous commercial and office units as well.
“As a low-energy building, the project meets stringent sustainability criteria and offers high levels of comfort. Furthermore, it makes another important contribution to creating quality housing in Vienna – Austria’s most populous city.”
The scope of the project will cover the construction of 243 parking spaces and 402 apartments in a 19,500m² area. The apartments will range from 31m² to 83m².
In addition, 3,200m² has been designated for commercial use and 2,100m² for office space.
Furthermore, the Handelskai project will include urban gardening zones and communal spaces.
The location of the property makes it easy to commute with multiple transport links. The site also provides many relaxation options such as the adjacent leisure area on the banks of River Danube.
PREMIUM Bauträger managing director Martin Pober said: “Building high-quality housing in densely populated, urban areas is part of our core business. This large-scale project at Handelskai stands out for its appeal and importance for Vienna as an economic location.
“In the course of our call for tender, we chose PORR as our general contractor. Its comprehensive know-how covering the entire value chain in construction and its years of experience realising sustainable housing projects won us over.”