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CTBUH Global News

The CTBUH Global News Archive is the primary place to get all the latest news on tall buildings, urban development and sustainable construction from around the world. The CTBUH also disseminates this information via our Monthly e-Newsletter, CTBUH Journal, and through books and reports. To view news for a certain category or time period, please use the links on the left side menu.

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New York City’s Sony Building to be Sold


27 Apr 2016, New York City, United States

Olayan America is in the process of negotiating a contract to acquire the former Sony Building at 550 Madison Avenue for more than $1.3 billion, after Chetrit Group and Clipper Equity scrapped plans to convert the upper floors into condos. Read more.

80-Story Midtown Tower Planned for New York City


25 Apr 2016, New York City, United States

Investors are planning a mixed-use skyscraper of up to 80 stories high in the Garment District of New York City, after closing April 20 on the missing piece of an assemblage spanning 35,000 square meters, according to sources. Read more.

Developer for Ryde Garden Complex in Sydney Finalizes Contract with Construction Firm


25 Apr 2016, Sydney, Australia

After negotiating since October 2015, the developer behind Sydney's Ryde Garden development at North Ryde has finalized a USD$204 million contract with the selected construction firm. Construction is expected to complete at the end of 2018. Read more.

Manhattan’s 111 Murray Street Units On the Market


22 Apr 2016, New York City, United States

Renderings of a 58-story, 241-meter condominium tower – called 111 Murray Street – have been revealed to entice buyers into purchasing one of the 157 luxury units. Unit prices start at $1.5 million and climb to a whopping $18.5 million. Read more.

Proposal for Brooklyn’s First Supertall is Approved


21 Apr 2016, New York City, United States

On Tuesday April 19, the New York City Landmarks Preservation Commission approved a proposal for 9 DeKalb Avenue, a 73-story apartment building that is set to become the first supertall in New York outside Manhattan. Read more.

LondonHouse Chicago Hotel Sold for $315 Million


18 Apr 2016, Chicago, United States

An Oxford Capital Group, LLC-led venture with Angelo, Gordon announced on April 17 the $315 million sale and 25-year lease-management back of LondonHouse Chicago to Germany's Union Investment Real Estate. Read more.

Residential Tower to Launch at Sydney Olympic Park


15 Apr 2016, Sydney, Australia

A local developer is about to launch the first apartment tower on Olympic Boulevard at Olympic Park in Sydney. Designed by Bates Smart, the tower's design features a unique boomerang shape intended to increase exposure to sunlight. Read more.

Sale Pending on Sydney Ribbon Hotel Project


14 Apr 2016, Sydney, Australia

Grocon has chosen a heavyweight Chinese consortium to buy the AUD$700 million (USD$540 million) Ribbon hotel development it has proposed on the site of the IMAX cinema at Darling Harbour, according to The Australian. Read more.

New York City is Seeing a “Penthouse Correction” in Luxury Apartment Prices


12 Apr 2016, New York City, United States

Of the 261 penthouse units for sale in Manhattan as of April 1, more than 35 percent of them had price chops since being listed, according to data compiled by listings portal StreetEasy at The Real Deal’s request. Read more.

Bouygues to Build La Defensé Tower Funded by Emirati Investments


12 Apr 2016, Courbevoie, France

Bouygues has won a €200 million (USD$227 million) order to build a 150-meter-tall tower in La Defensé, the financial district of Paris, that is being developed by the Abu Dhabi Investment Authority (ADIA). Read more.

Plans Submitted for Manchester’s Tallest Tower


12 Apr 2016, Manchester, United Kingdom

SimpsonHaugh and Partners has submitted plans for what could become Manchester’s tallest building. The scheme features a 64-story tower along with three neighboring blocks of 37, 44, and 50 stories. Read more.

Photos Show Construction Progress for Bogotá’s Tallest Skyscraper


08 Apr 2016, Bogotá, Colombia

The BD Bacatá complex’s two towers – 216 and 260 meters in height – are the first skyscrapers to be built in Colombia in 35 years. More notably, the project is the very first in the world to be financed through crowdfunding. Read more.

Hanoi Regulates High-Rise Building Areas


07 Apr 2016, Hanoi, Vietnam

The Hanoi People’s Committee has issued regulations on the general planning and management of high-rises in the five main districts of Hanoi. The regulations specify conditions on the location and construction of the buildings. Read more.

Developers Behind 22 Bishopsgate Win Controversial "Rights to Light" Battle


06 Apr 2016, London, United Kingdom

Developers behind 22 Bishopsgate have won a controversial battle with neighboring landlords. City planners have overridden opposition from the community, which has claimed that the development would infringe upon their "rights to light.” Read more.

Crown Sydney Hotel Receives Approval after Design Changes


05 Apr 2016, Sydney, Australia

The New South Wales (NSW) Department of Planning and Environment has recommended the proposed Crown tower at Barangaroo South for approval, despite minimal design changes after a previous recommendation. Read more.

Construction Firm Set for Jeju Island Resort Towers


05 Apr 2016, Jeju, South Korea

Real estate developers have selected a construction firm to build a 700 billion won ($605 million) resort on Jeju Island off the southern coast of South Korea. The complex will consist of twin 38-story towers. Read more.

Notting Hill Tower Scheme Rejected by London Planners


05 Apr 2016, London, United Kingdom

A scheme to bulldoze a 1950s office block and replace it with an 18-story tower has been thrown out. Planning authorities refused to give the scheme the green light despite it previously being recommended for approval. Read more.

Sales Launched for 60-Story Auberge Residences & Spa in Miami


04 Apr 2016, Miami, United States

A 60-story luxury residential tower – Auberge Residences and Spa – is now entering the sales phase. The building incorporates billowing floor plates, creating uniquely shaped balconies with the goal of maximizing views of Biscayne Bay. Read more.

42-Story Luxury Residential Tower Ready for the Market in Melbourne’s CBD


04 Apr 2016, Melbourne, Australia

A 42-story luxury apartment building at 141 La Trobe Street in Melbourne’s central business district (CBD) is now in the marketing stage. The building occupies two sites in the CBD – 141 La Trobe Street and 25 Bennetts Lane. Read more.

Dubai developer Eyes London Regneration Sites for Second Major Scheme


31 Mar 2016, London, United Kingdom

Damac Properties is in talks to develop a major regeneration site in London – its second UK site after the Aykon residential scheme in Vauxhall. It is believed to be eyeing around 30 development sites around the city. Read more.

Chicago’s 150 North Riverside Up for Sale 10 Months Before Completion Date


25 Mar 2016, Chicago, United States

An office building along the Chicago River – 150 North Riverside – is going up for sale 10 months before its scheduled completion date, in a deal that could value the 53-story tower at around $900 million. Read more.

Palladium Residences in Hollywood Approved by LA City Council Ahead of Expected Legal Battle


23 Mar 2016, Los Angeles, United States

The Los Angeles City Council approved a plan on March 22 for two residential high-rises next to the Hollywood Palladium, setting the stage for a protracted legal battle with the politically active nonprofit group next door. Read more.

Brisbane’s 443 Queen Street Receives Approval Amid Controversy


23 Mar 2016, Brisbane, Australia

Brisbane's 443 Queen Street was approved by the city council in December 2015, and will be built next to the iconic Customs House. Customs House is taking the Brisbane City Council and Cbus Property to court over the approval. Read more.

New York City’s 80 South Street Site Sold for $390 Million


21 Mar 2016, New York City, United States

After securing hundreds of thousands of dollars in additional development rights, the sale of the 80 South Street site in New York City has been finalized between Howard Hughes Corporation and China Oceanwide Holdings. Read more.

Condo Sales Set to Launch at Ottawa’s ArtHaus


08 Mar 2016, Ottawa, Canada

A Montreal developer is preparing to launch sales for a unique project that combines residential units at height with signature public and commercial components in Ottawa’s downtown core. Read more.

Samsung to Build Singapore’s New Twin Courthouse Towers


01 Mar 2016, Singapore, Singapore

South Korean construction giant Samsung C&T has won a major contract to build a new law courts complex in the city state of Singapore. One of towers will be façade-free, to symbolize the openness of Singapore’s judicial system. Read more.

Manhattan’s 3 Sutton Place Set for Foreclosure Sale by End of February


29 Feb 2016, New York City, United States

A planned 68-story Manhattan condo tower, 3 Sutton Place, will not be materializing along the East River. After defaulting on $128.8 million in loans from its lender, the developer’s site will face a foreclosure sale on February 29. Read more.

Biscayne Boulevard Church to be incorporated into Condominium in Miami


26 Feb 2016, Miami, United States

A church at 1836 Biscayne Boulevard in Miami is set to be preserved and incorporated into a 38-story condominium development. The developer has also been able to net millions in Transferable Development Rights for the project. Read more.

Chicago’s Marina City Complex Officially Named City Landmark


26 Feb 2016, Chicago, United States

Officials unanimously voted in favor of declaring the historic Marina City complex a city landmark. The four-building complex, built between 1960 and 1967, was the first planned development project in Chicago. Read more.

Developers Launch Sales for Affordable Condominium Complex in Cebu


19 Feb 2016, Cebu, Philippines

A developer has launched sales for the second building of Casa Mira Towers, a condominium project at the southern outskirts of Cebu. With construction set to start in April, 80 percent of the units in Tower 1 have already been sold. Read more.