Latest subsidized apartments in the most
expensive corners of Paris, a postcard worth more than 400 euros offers a
postcard view over the rooftops of the city center – Abroad
The upper floors of the La Samaritaine department
store have been refurbished with 96 apartments for low- and middle-income
tenants. The aim is to curb regional segregation based on the income level of the
inhabitants.
In France
According to the news agency, the La Samaritainen department store, one of the
most expensive in Paris, has completed the subsidized rental housing for low-
and middle-income people. Bloomberg.
96 rental
apartments have been completed on the top floors of the historic department
store, overlooking the Eiffel Tower, the Sacré-Coeur and the Louvre, among
others.
In the
private rental market, similar apartments would cost several thousand euros a
month, according to Bloomberg, but in La Samaritain the average monthly rent
for a studio apartment is 430 euros and 929 euros per square meter.
La
Samaritaine, a department store operating since 1870, includes several blocks
between the Seine promenade and Rue de Rivoli.
Housing
production made the long and controversial new construction of the department
store possible, which resulted in more space. Above the Art Nouveau building,
where the new rental apartments are located, other floors have been built. A
hotel was also built in the department store.
The
department store is owned by the LVMH group, which has been manufacturing and
marketing luxury products since 2001. La Samaritaine was closed for 16 years
due to renovations and new projects until its inauguration in June this year.
The
construction of subsidized rental housing in La Samaritaine cost € 23.7
million. It’s about the mayor Anne Hidalgon the administration’s goal is to
increase the number of affordable housing in the city and curb the segregation
of areas based on the income level of the inhabitants.
In Paris
obtaining affordable housing is a difficult goal. As of December last year,
there were 260,000 people in the city’s housing queue. At the same time, the
city has only limited space for construction. Prices per square meter of new
housing are higher than in any other major European city.
According
to Bloomberg, the number of subsidized rental housing in the most expensive
areas of the city can be viewed primarily as symbolic, given the need for
affordable housing. Tenants moving into new homes in La Samaritan are just a
lucky handful of all those in need.
New
residents interviewed by French newspapers found that in addition to a safe and
affordable home, they have access to better schools and services.
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