The environmental area called the Neue Welt (new world) evolved in the 17th century as the industry started to establish itself around the upper end of the "St. Alban-Teich".
The residential estate Wasserhaus lies on the left bank of the river Birs, between the industrial area of the Neue Welt and the waterfall.
On the other hand, experiments were made with generously arranged cooperative settlements, primarily terraced houses with individual gardens.
The estate was developed by the architect Wilhelm Eduard Brodtbeck (1873–1957) from Liestal (canton Baselland), concluding the plans drawn by Prof. Hans Benno Bernoulli (1876–1959).
However, due to financial problems, only a part of the original plans (60 houses) were completed and this without the important central connecting elements.
Nevertheless, because of the unique archetype nature and the prototypical neighbourhood, the Wasserhaus estate was taken up in the inventory of the valuable and worthy of protection place of interest.