1936 Berlin Olympic Village Draws Real Estate Development

ELSTAL, GERMANY - MAY 17: A swimming pool lies abandoned in the former swim hall at the site of the 1936 Berlin Olympic Village on May 17, 2021 in Elstal, Germany. A German real estate developer called Terraplan is constructing and renovating buildings on a large portion of the former Olympic Village site in what local authorities are hoping is the first phase of investor commitment to developing the entire site. Built for the 1936 Berlin Olympics the village later served as an infantry school for the Nazi-era Wehrmacht and a military hospital during World War II. After the war the Soviet Army took it over as a military base and also as a training facility for its own Olympic athletes. A number of the original buildings still stand at the site, including housing for athletes, a swim hall, a gym, other training facilities and a theatre. Located just west of Berlin, the site has finally become interesting to investors due to the rapid rise in value of the Berlin real estate market over the last decade. (Footage by Sean Gallup/Getty Images)