Establishment of the Bau-Verein housing association / First construction project
- First building project in Friedensstraße 31/33
1893
The topping out ceremony of the first construction project is held. Bau- und Sparverein acquires a plot of land at Friedenstraße 31/33 in Hamburg-Eilbek that is developed in two building phases.
1892
After the Great Fire in 1842, Hamburg undergoes a period of industrialization. The inhumane living conditions need to be changed. The idea of cooperative self-help comes into being and is supported by wealthy citizens. The cholera epidemic which hits Hamburg in 1892 provides the final impetus for establishing a building and savings cooperative named "Hamburger Bau- und Sparverein eingetragene Genossenschaft mit beschränkter Haftung".