The main building dates back to the 1890s and was used as an administrative building for Gothaer Insurance from the fall of the Berlin Wall until the 1990s. The main building has been used as the seat of the Thuringia Tax Court since a complete refurbishment in 1998. The south wing of the building, built in 1923 as an extension, has been vacant for almost three decades. However, the building’s good structural condition enabled it to be developed further following its purchase by the AIF Capital Group in 2020.

AIF conceptualized the idea, designed the property development strategy, outlining the renovations required, as well as all necessary activities to successfully reposition the property from office to senior living.