Development Projects

The depressed state of Berlin’s property market can no longer be denied. Spurred by government incentives in the tax structure, the frenzy for construction is simply overwhelming the demand for new units; there just aren’t enough people to fill the existing spaces, much less future ones, and the number of construction firms going bankrupt contributes to what on paper look like dismal prospects for the massive rebuilding of the city. Yet, though most of the city’s “visions of the future” are at best still under construction, both investors and a construction-weary populace continue to be besieged with “evidence”—in forms ranging from books and glossies, ubiquitous display panels, video simulations, son et lumière spectacles—that everything is as good as built.

Beginning the summer before last, Stern magazine and other backers of development sponsored four giant “Berlin 2005” panoramas, artist

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