The SPD parliamentary group wants to combine Kranoldplatz and ten streets into one milieu protection area "Milieuschutzgebiet".
The streets include sections of Königsberger Straße, Jungfernststieg, Oberhofer Weg, Ferdinandstraße, Lorenzstraße, Luisenstraße, Kurfürstenstraße as well as Parallelstraße and Jägerstraße. With its application to the district assembly (BVV), the SPD is responding to the plan pursued by HGHI Holding GmbH by investor Harald Huth to convert the Ferdinandmarkt. According to the SPD, there are fears that the rental level will rise, rental apartments will be converted into condominiums and people will be displaced from their traditional quarters.
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