US Govt Enters $270 Million Build-to-Suit of Military Housing in Germany

Stars & Stripes - March 13, 2007

German officials have given the go-ahead for a 300-unit, build-to-lease off-post housing area for U.S. soldiers in Grafenwöhr, Germany. Grafenwöhr mayor Helmuth Wächter said this month that government officials recently gave the green light to the project in Hütten, a small farming village a few miles south of Grafenwöhr Training Area.

Officials estimate about 1,600 off-post homes must be built to accommodate thousands of soldiers and family members due to arrive here over the next few years. The houses will be constructed under a build-to-lease program that will see the Army lease back the completed homes. The total cost of leasing all 1,600 homes to be built around Grafenwöhr will be $20 million annually, officials have said.

Officials have selected a private investor who work with the city in the Hütten on the Lake venture, Wächter said. He said it is too early to identify the investor. Wächter added that the housing project involves building new streets and utilities on bare farmland.

Hütten on the Lake will cost an estimated 200 million euros – about $270 million — to build, he said. Sphere: Related Content