As the largest city in the Ruhr area, Dortmund is the pivotal economic and commercial centre of the region - the former industrial site is today a centre for services and future technologies. Nearly 600,000 people live in this lively metropolis with over 1100 years of history. The former Hanseatic city offers attractive living space with diverse residential, cultural and leisure options. Dortmund is located in the centre of Europe, is a major traffic hub, and has a first-rate infrastructure - yet it is a green city: almost half of the urban area consists of green spaces and parks. A special "New Dortmund" project involves transformation of the former industrial area of Phönix into an investment and future-oriented location. The leading project for urban renewal in the city sector is the development around the so-called Dortmund U: A former brewery site developed into a modern centre for creativity and urban life.