Kräftriket is undergoing development to strengthen its role as a vibrant and attractive campus environment. Akademiska Hus plans to add approximately 100 new residences near Brunnsviken, providing housing for around 250 students and researchers. At the same time, existing buildings will be modernized to accommodate new activities in spaces vacated following Stockholm University's relocation to the nearby Albano campus.
As part of the Royal National City Park, Kräftriket has long been an important gathering place for academics. The planned housing will further enliven the area, fostering both studies and social interaction. Additionally, the project reconnects with the site's historical roots from the time when Veterinary College employees lived in the area.