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How Copenhagen Paused Its Waterfront Redevelopment

The city's five-year period of encouraging "creative" businesses helped Paper Island thrive, but what happens now?
relates to How Copenhagen Paused Its Waterfront Redevelopment
COBE and Luxigon

In 2012, the city of Copenhagen received a plan to redevelop a chunk of its most valuable real estate. The site was called Paper Island, also known as Christiansholm, a warehouse-covered islet in the city’s inner harbor that had only just been vacated by the printing industry.

Divided from the city center by the harbor’s waters, the 29,000-square-meter (312,000-square-foot) island was perfectly located just across from Copenhagen’s main theater, the Danish royal family’s winter palace, and the photogenic, tourist-filled quayside at Nyhavn. With splendid waterfront views, the site could hardly be more tempting or profitable as a place to build new homes or offices. But when new owners By & Havn—itself co-owned by the municipality and the Danish national government—suggested redevelopment, the city’s response was interesting.