It is located on the Hohe Warte hill in Heiligenstadt, a northern suburb in the 19th Viennese district of Döbling.

The stadium was opened in 1921 and was contemporaneously considered the best and biggest sporting venue in continental Europe.

[1] Around this time the venue also hosted boxing bouts like Georges Carpentier versus Arthur Townley on 1 May 1924 and even open-air opera performances like on 24 July 1924 when an audience of 20,000 attended Aida conducted by Pietro Mascagni.

Hohe Warte lost its status as Austria's leading stadium with the construction of the Praterstadion (present-day Ernst-Happel-Stadion) in 1931, however, First Vienna's championship success in the 1940s and 1950s ensured that crowds remained high.

Adding to the natural feel is the fact that three of the four sides of the ground boast grass banking, as opposed to the more traditional concrete, giving the ground an overwhelmingly green appearance (similar to The Valley in its early days).