Amstel III en Bullewijk, a neighborhood of Amsterdam-Zuidoost located east of the A2 and west of Spoorlijn Amsterdam - Utrecht metro line and the Spoorlijn Amsterdam - Utrecht, is located between the A2 and the A3. Meibergdreef and Arenagebied border the neighborhood to the south. The name Amstel III refers to the fact that it is the third industrial area in a series, with Amstel I being the industrial area Overamstel and Amstel II falling under the municipality of Ouder-Amstel, but with the place name Amsterdam-Duivendrecht, also known as the Amstel business park.
Amstel III, developed in the 1980s offers space for many service-oriented businesses as well as auto dealerships and construction market. In the same area, there is a large departmental store and a juvenile prison. The Atlas building was the original home of Fokker. Garage Amstel III, a Centraal Nederland facility, was located at Hoogoorddreef from 1980 to 2005. This building also housed the GVB.
The city of Amsterdam had planned to transform a part of Amstel III, which was formerly an industrial area, into a residential and work neighborhood in recent years. The decision was taken after the credit crunch a few year earlier that resulted in an office park with a 25% vacancy. In order to maintain the inventory of office space in a better economic climate, each square meter that was destroyed within the planning area had been rebuilt. Between the offices, residential towers, apartment buildings, and amenities have been added. Around 15,000 homes are planned. The area was previously monofunctional, but since 2015, it has been repurposed to include nightclubs and restaurants. The area between the Johan Cruijff Arena and Academic Medical Center in the north, along with the west bank metro line and the Holterbergweg on the east, will be transformed into a residential/work area. Hondsrugweg in the central area, which connects Johan Cruijff Arena and IKEA Amsterdam will be transformed into an extensive Hondsrugpark. The name of the transformed district is under consideration.
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