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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 126 Madison Avenue Put on Hold


06 Jul 2016, New York City, United States

Following complaints from neighbors about a planned 252-meter skyscraper in Nomad, the city’s Department of Buildings has issued a stop work order on the project, but for a slightly different reason than the focus of neighbors’ concerns. Read more.

Developer Receives Multi-Million Dollar Loan for GranParaiso Tower in Miami


06 Jul 2016, Miami, United States

A developer has closed on $92.7 million in financing for its GranParaiso tower in Miami’s Edgewater neighborhood. Bank of the Ozarks provided the loan for the fourth tower in the four-hectare Paraiso Bay Complex. Read more.

Dubai Property Developer Launches Il Primo Opera District Apartments


05 Jul 2016, Dubai, United Arab Emirates

Emaar Properties has begun selling new “lateral" apartments taking up either half or a whole floor of a new 77-story tower at the Opera District in Downtown Dubai. The tower will feature 119 total apartments. Read more.

Sale Close to Finalizing for Chicago’s Tribune Tower


24 Jun 2016, Chicago, United States

After narrowing the list of potential buyers down to three, Tribune Media is reportedly close to finalizing a deal that would see its 1925 neo-Gothic high-rise sold to LA-based CIM Group and local partner Golub & Company. Read more.

Part of Detroit’s Riverfront Towers Complex Sold for $79.5 Million


20 Jun 2016, Detroit, United States

Two of three buildings belonging to the luxury Riverfront Towers complex have been sold in a transaction totaling $79.5 million. The 26-story Tower 100 and the 29-story Tower 200 were a part of the deal. Read more.

Sales Launched for Brisbane Quarter as Construction Continues


17 Jun 2016, Brisbane, Australia

A mixed-use precinct encompassing an entire city block, known as Brisbane Quarter at 300 George Street, has officially launched sales with office tower and retail space offered to the market for lease. Read more.

16-Story Office Building Planned for Brooklyn Navy Yard


14 Jun 2016, New York City, United States

A 16-story office tower, dubbed Dock 72, has been proposed for the western waterfront of The Brooklyn Navy Yard. Upon the project's completion in 2018, the primary tenant will occupy 20,500 of the building's 62,700 square meters. Read more.

Gold Coast Tower Hit with Delay after Neighboring Residents’ Win Legal Battle


13 Jun 2016, Gold Coast, Australia

Surfers Paradise residents won a victory in court against the proposed 295-meter Iluka tower. A court in Brisbane recently ruled in favor of residents in the neighboring Surfers International over podium concerns. Read more.

Sales Begin for Upcoming River North Condo Tower in Chicago


10 Jun 2016, Chicago, United States

The gradual resurrection of Chicago’s condominium market continues to build momentum as sales officially begin for Smithfield Properties’ 24-story tower dubbed 808 Wells. Once sales reach critical mass, construction will begin. Read more.

Minneapolis Zoning Panel Approves 40-Story Condo Tower, Overruling Preservationists


10 Jun 2016, Minneapolis, United States

A 40-story condo tower planned for the Minneapolis riverfront got a nod from the city’s zoning and planning committee, paving the way for consideration by the City Council and rebuffing a previous decision by preservationists. Read more.

Office Tenancy Slowdown Impacts Boston’s Tallest Tower


09 Jun 2016, Boston, United States

About 25 percent of the space in Boston’s tallest building, 200 Clarendon – known by locals as the John Hancock Tower – is sitting vacant after leases expired and tenants such as John Hancock moved to new digs. Read more.

Luxury Residential High-Rise Launched in Mumbai


09 Jun 2016, Mumbai, India

Located in Prabhadevi, the 51-story Sumer Trinity Vertical has officially launched sales. Currently under construction, the luxury residential tower is the third building to be added to the Sumer Trinity Towers complex. Read more.

Sydney Greenland Centre Sells Sixth Penthouse for $8.2 Million


08 Jun 2016, Sydney, Australia

In a transaction surpassing $8.2 million, a developer has sold the sixth of its nine penthouse units for the Sydney Greenland Centre. Once complete, the building will be the tallest residential tower in the city. Read more.

Dubai’s $82 Million Glamz Project Sold Out


08 Jun 2016, Dubai, United Arab Emirates

Just over a month after its launch, the two-tower Glamz project has officially sold all 418 apartments, totaling $82 million. These sales maintain the developer's streak of selling out the entirety of its six launched projects to date. Read more.

Chicago’s Upcoming Vista Tower Has Sold $200 Million in Condos Since March


07 Jun 2016, Chicago, United States

According to sources, Lakeshore East’s upcoming supertall Vista Tower has sold $200 million worth of condominiums since March of 2016. The project is expected to break ground as early as June 2016 with delivery slated for 2020. Read more.

Singapore’s Asia Square Tower 1 Purchased for $2.5 Billion


06 Jun 2016, Singapore, Singapore

After being on the market since 2015, the 43-story Asia Square Tower 1 in Singapore has been purchased for $2.5 billion in what is claimed to be the largest single-tower sale in the region’s history. Read more.

Political Light Installation on Hong Kong’s Tallest Skyscraper Is Pulled


06 Jun 2016, Hong Kong, China

Officials and organizers have pulled the plug on an art installation that was displayed on the façade of Hong Kong’s tallest building, just days after the artists revealed the meaning of a cryptic political message embedded in the artwork. Read more.

Construction Contractor Named for Two Modular Condo Towers in Singapore


03 Jun 2016, Singapore, Singapore

Property developer United Venture Development has signed a contract worth roughly €100 million (USD$113 million) with Dragages Singapore, the local subsidiary of Bouygues Construction, for the construction of two towers. Read more.

Builder Appointed for Sydney’s 18-Story DUO


02 Jun 2016, Sydney, Australia

A builder has been awarded a USD$210 million contract to build DUO – the fifth stage of the USD$1.5 billion master planned Central Park precinct. The 18-story structure encompasses a mixed residential, commercial, and hotel development. Read more.

Chinese Insurance Group Acquires Stake in Landmarked Manhattan Building


31 May 2016, New York City, United States

In a deal worth $1.65 billion, a Chinese insurance group has taken a sizable, yet undisclosed, stake in a landmark New York office block. The insurer is now believed to be the largest investor in 1285 Avenue of the Americas. Read more.

Brooklyn Heights Library Development Plan Under Federal Investigation


26 May 2016, New York City, United States

Subpoenas have been sent to multiple developers that bid on a project to redevelop the Brooklyn Public Library’s Brooklyn Heights branch at 280 Cadman Plaza following allegations that the bidding process was rigged. Read more.

Judge Reviews Plan to Resume Construction on Seattle’s Stalled Potala Tower


24 May 2016, Seattle, United States

Several groups vying to decide the fate of the stalled 41-story Potala Tower recently appeared in US District Court as a judge weighed a plan to hand over the project to a new group of investors. Read more.

Floor Plans Released for Toronto’s Diamond Condos on Yonge


24 May 2016, Toronto, Canada

As sales for Toronto’s Diamond Condominiums on Yonge get underway, the floor plans for the project have been released. The building contains 385 units, of varying sizes and layouts, with plans offering an early look at the suite interiors. Read more.

Chicago’s Iconic John Hancock Center Shopping Naming Rights to Fund Plaza Redevelopment


23 May 2016, Chicago, United States

The owner of Chicago's John Hancock Center is shopping the naming rights for the 47-year-old skyscraper to pay for a proposed $10 million plaza redevelopment. The deal could include a sign adorning the façade of the 100-story tower. Read more.

Chinese Developer Invests in Proposed Seattle Apartment High-Rise


20 May 2016, Seattle, United States

One of China's largest homebuilders is investing in a 39-story residential tower near the Space Needle. Seattle Mayor Ed Murray announced the deal between China Vanke Co. and Laconia Development during a trade mission to China. Read more.

Chicago’s Tribune Tower Redevelopment Could See New Condos, Hotel


19 May 2016, Chicago, United States

While the planned redevelopment of Chicago’s Tribune Tower has been on the table for a while, an upcoming sale of the 1925 neo-Gothic high-rise could see the landmarked structure repurposed as condos, rentals, or a hotel. Read more.

Jeddah Tower Delayed after Contractor Problems


18 May 2016, Jeddah, Saudi Arabia

The developer behind the one-kilometer-tall Jeddah Tower, set to be the world’s tallest building, has said that it is looking to get back up to speed after funding issues with contractor Saudi Binladin Group caused delays. Read more.

Mixed-Use Gold Tower Set for Approval in Brisbane


17 May 2016, Brisbane, Australia

The AUS$270 million (USD$198 million) Aria Property Group development at 171 Edward Street will reportedly include 642 residential units, two levels of office space, and retail space occupied by luxury brands Hermès and Rolex. Read more.

San Francisco Approves Plans for Oceanwide Center


13 May 2016, San Francisco, United States

Foster + Partners has won planning approval for a pair of faceted glass skyscrapers in San Francisco, which will be among the tallest buildings in the city. The pair of mixed-use towers is known collectively as the Oceanwide Center. Read more.

Waterfront Toronto Land to be New Location of LCBO Headquarters


06 May 2016, Toronto, Canada

The Province of Ontario has announced the sale of 4.7 hectares of land along Toronto’s waterfront. The site is planned to be the location of the new Liquor Control Board of Ontario (LCBO) headquarters, thanks to a USD$201 million deal. Read more.