What is "hafencity"

HafenCity is a quarter in the district of Hamburg-Mitte, Hamburg, Germany. It is located on the Elbe river islands that were formerly called Kehrwieder and Wandrahm.

HafenCity Hamburg is a project of urban regeneration where the old port warehouses of Hamburg are being replaced with hotels, shops, office buildings, and residential areas. The project is one of the largest rebuilding projects in Europe by landmass (approximately 2.2 km²). The area of HafenCity used to be part of the free port, but with the decreased economic importance of free ports in an era of European Union free trade, large container ships and increased border security, the Hamburg free port was reduced in size, relieving the current HafenCity area from its restrictions. When completely developed, it will be home to about 12,000 people and the workplace of 40,000 people mostly in office complexes. The prospect for completion is not very clear, but will probably be around 2020-2030.