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In 2012, developer Wohnen in Prora Verm gensverwaltung, GmbH, bought part of the site and started transforming it into luxury flats, reportedly finishing and selling 90 per cent of the properties.
Yet that developer, Wohnen in Prora Verm gensverwaltung GmbH, has now filed for bankruptcy, leaving the future of the project in doubt.
Building started in 1936, but halted with the onset of World War II in 1939, leaving a concrete skeleton known as the Colossus of Prora stretching 4.5 km (2.8 miles) down one of Germany's most stunning beaches.
Jurgen Rostock, co-founder for the Prora documentation centre, insisted "these are not harmless buildings".
Ond oherwydd ein profiad yno, gwyddom na fyddwn byth yn ein bywydau yn dychwelyd i Prora, nac i Ynys Rugen ychwaith.
Block One of the Colossus of Prora - built by Hitler in the 1930s along the lines of Butlins in the UK - was sold for 2.2million pounds at an auction in Berlin.
The customer is Kaibygg II Lower Elvehavn, owned by Norwegian real estate firms Prora Eiendom AS and Reitan Eiendom AS.
On our last night we dined at the hotel's exceptional Prora beach restaurant, where you eat under the stars, overlooking the sea and the Old Harbour.
Other pieces, like Anna Vesele's Urbanization and Jeffrey Sarmiento's Prora, have a strongly constructed, architectural quality.
And again, two years later Ley held a ceremony which was to mark a "new era." On May 2nd 1936, amidst a crowd of workers and men in uniform, he laid a foundation stone at Prora Bay on the Island of Rugen.
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