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Construction stop for Schwerin's luxury hotel Le Tresor”: Is the dispute over?
The construction stop for the luxury hotel “Le Tresor” in Schwerin will soon end. New awards and legal disputes are delaying the opening until 2026.
Construction stop for Schwerin's luxury hotel Le Tresor”: Is the dispute over?
Things are finally moving forward again in Schwerin: the construction stop on the planned luxury hotel “Le Tresor” will soon come to an end. Investor Udo Chistée has terminated the contract with the general contractor, which will result in a wave of changes. Northern Courier reports that contract negotiations are already underway to involve new companies in the project. Friedrichstrasse will be closed for construction work for the next three months, which will certainly be closely watched by residents and road users.
Construction work is scheduled to begin in January, while the crane erection is scheduled to take place in December or January. The focus is on removing the old roof, installing a new roof and winterizing the property. The opening was originally planned for mid-2025, but the aim is now to open the hotel in summer 2026.
Background and challenges
Unfortunately, the general contractor caused a construction delay of around a year. Matthias Bieger, legal advisor to the general contractor, confirms the existing dissonances between the parties. A central point of contention is unpaid invoices to subcontractors, which led to Eco Synonyme GmbH's lawsuit before the Schwerin regional court. Interestingly, Eco Synonyms is also investing in another project in Greifswald, where similar problems have arisen.
Udo Chistée plans to work more closely with local companies in the future to advance the “Le Tresor” project. A four-star superior hotel with 101 rooms, a bistro, a brasserie and a wellness area awaits visitors. The statics and foundation reinforcement are particularly challenging because the building dates back to 1905.
A look beyond the borders of current climate initiatives shows that innovative approaches to promoting sustainable projects are also being developed in other regions, such as Canada. CBC reports that Prime Minister Mark Carney is promising a climate competition strategy that promotes targeted tax incentives and a regulatory framework. These measures could also be significant in the construction and investment sectors.
Since the “Le Tresor” project in Schwerin is now set to get going again, it remains to be seen how the collaboration with new partners will develop and whether the challenges with the statics of the historic building can be overcome.
A look at Redmond
A completely different construction site situation can be seen in Redmond, WA, where 55 rental properties are currently on offer. Spacious houses that offer a variety of amenities are particularly popular. For example, data shows:
| address | beds | Baths | Price per month |
|---|---|---|---|
| 11027 172nd Pl NE | 4 | 2.5 | $6,999 |
| 22919 NE 97th Pl | 4 | 2.5 | Car dependent |
| 16424 NE 105th Pl | 3 | 2.5 | Pets allowed |
| 2821 177th Ave NE | 5 | 3 | Pets allowed |
| 15845 NE 51st St | 2 | 1 | $3,600 |
Rental prices and availability reflect current trends. However, interested parties should be aware that all information should be independently verified, as is the case with regional construction projects. Redfin provides current data on these offers.
With the revival of the “Le Tresor” project in Schwerin, it is hoped that other construction projects in the region will also receive positive impulses, while at the same time the market in Redmond continues to develop well. The construction and rental landscape remains exciting!