Treasure Island

Wyspa Spichrzów (Granary Island), one of the best-located parts of old Gdansk, is currently a mix of ruins and shrubs. Moves are underway, however, to turn it into a buzzing riverfront area with two hotels, elegant flats and a marina. The investors are WSC Investment and Mennica Invest. The Americans in Gdańsk Seven years ago, when an American company called Genesis Hotels came to Gdansk and said they wanted to build a hotel on Wyspa Spichrzów, the city authorities were euphoric. Together with the local borough, Genesis established a joint purpose company called 'Genesis Hotels Gdansk' to build a hotel on the 7,200 sqm plot, of which 4,900 sqm belong to the Americans, and 2,400 sqm was an in-kind contribution by the city authorities. Unfortunately, however, Genesis didn't have the required deep pockets. Deadlines came and went and finally the would-be investor put the land up for sale and it has remained so ever since New money A few weeks ago, how