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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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San Francisco’s Millennium Tower Awaits Peer Review as Building Inspectors Face Tough Questions


31 Oct 2016, San Francisco, United States

San Francisco plans to assemble a peer review panel to examine a developer’s new engineering report, stating that the sinking and leaning Millennium Tower is safe; however, when that review will begin remains unclear. Read more.

Investors Proceed with 22 Bishopsgate in City of London


28 Oct 2016, London, United Kingdom

The main investor of 22 Bishopsgate has said it will continue development of the skyscraper. The announcement follows reports that it would ask the scheme’s remaining backers whether they should proceed following Brexit. Read more.

Major Tenant Signs Lease for Office Space in Edmonton’s Stantec Tower


26 Oct 2016, Edmonton, Canada

A major tenant has leased the 27th floor of the 66-story Stantec Tower. Once finished, the tower will not only be the tallest structure in Edmonton, but the tallest in Western Canada, according to developers. Read more.

Top Floors of Denver’s Historic Daniels & Fisher Clock Tower Up for Auction


21 Oct 2016, Denver, United States

On October 26, auctioneers for the Daniels & Fisher Clock Tower on the 16th Street Mall will open the bidding for floors 17 though 20 at $4.25 million with an undisclosed reserve. The property has been on the market for $4.5 million. Read more.

Heritage Group Looks to Prevent Manchester towers


20 Oct 2016, Manchester, United Kingdom

The Twentieth Century Society, a heritage preservation group, is objecting to a pair of towers planned in Manchester by Make for footballers-turned-developers Gary Neville and Ryan Giggs, despite backing for the project by city councilors. Read more.

Ground Breaking Held for Upcoming Square Station Development in Miami


19 Oct 2016, Miami, United States

A Miami-based developer recently held a ground breaking for Square Station – a new multifamily rental complex in downtown’s Arts and Entertainment District – after successfully landing a $103 million bank loan. Read more.

Parramatta, Sydney’s First Five-Star Hotel to be Housed at 8 Phillip Street


19 Oct 2016, Sydney, Australia

The 8 Phillip Street mixed-use apartment tower in Sydney’s Parramatta neighborhood will house the district's first five-star hotel and resort offering. Comprising 55 stories upon completion, the development is scheduled to open in 2020. Read more.

Major Tenants Secured for Proposed Developments at 447 and 80 Collins Street in Melbourne


17 Oct 2016, Melbourne, Australia

The week of October 10 has seen two noteworthy commercial leasing deals unveiled as major tenants each reportedly secure about 6,000 square meters of space at proposed developments at 447 and 80 Collins Street. Read more.

Lawsuit Filed Against Porsche Design Tower in Sunny Isles Beach


12 Oct 2016, Sunny Isles Beach, United States

The Porsche Design Tower in Sunny Isles Beach is nearing completion, but could suffer a pricey hiccup after the condo association behind the neighboring Millennium Tower filed a lawsuit for alleged damages received during its construction. Read more.

Owners in San Francisco’s Millennium Tower Ask for Property Tax Cut


06 Oct 2016, San Francisco, United States

Owners of 163 condominium units in San Francisco’s Millennium Tower have petitioned the city to reduce their property taxes to reflect their sinking market values following revelations of the tower's greater-than-expected settling. Read more.

Developer sells 65 Percent of New Dubai Marina Project Ahead of Launch


04 Oct 2016, Dubai, United Arab Emirates

A Dubai developer has presold about 65 percent of its latest Dubai Marina project ahead of its launch. The building will be on a site on the western side of the Marina, next to the Wyndham Dubai Marina and the New Rove Hotel. Read more.

Billionaire Buys $550 Million Madrid Skyscraper


03 Oct 2016, Madrid, Spain

Amancio Ortega, thought to be Europe’s richest man, has bought one of Madrid’s most famous skyscrapers, the Torre Cepsa, for USD$550 million through his property investment arm, according to sources. Read more.

New York’s One Vanderbilt Moves Ahead as Financing is Secured


29 Sep 2016, New York City, United States

SL Green Realty Corp, New York City's largest commercial property owner, has announced that it has closed on $1.5 billion of construction financing for One Vanderbilt designed by Kohn Pedersen Fox Associates. Read more.

Swanston Central Hits 95 Percent Pre-Sales As Construction Commences on Melbourne Tower


29 Sep 2016, Melbourne, Australia

Swanston Central, one of the largest residential towers to be constructed in Australia in 2016, has achieved 95 percent pre-sales with buyers flocking to secure space at the 71-story, Elenberg Fraser-designed tower. Read more.

Sydney's 26-Story 333 Kent Street Tower Sold


28 Sep 2016, Sydney, Australia

The upcoming 26-story office tower at 333 Kent Street has been sold for AUD$88,888,888.88 – a price inspired by the number eight, which is considered the luckiest number in Chinese culture. Read more.

Tribune Tower to be Revamped into Mixed-Use Redevelopment Following Sale


28 Sep 2016, Chicago, United States

A Los Angeles-based developer has officially completed the $240 million purchase of the Tribune Tower, with plans to transform the historic North Michigan Avenue property into a mixed-use redevelopment. Read more.

Sales Launch for 565 Broome SoHo in New York


22 Sep 2016, New York City, United States

New renderings depicting the final design are now available for the 25-story, 115-unit mixed-use building under development at 565 Broome Street in Hudson Square. The renderings come as sales have launched for the project’s condominiums. Read more.

City Issues Subpoena over Sinking San Francisco High-Rise


21 Sep 2016, San Francisco, United States

San Francisco's city attorney on September 20 issued a subpoena to the developers of a high-rise that is tilting and has sunk more than a foot, to determine if structural issues were appropriately conveyed to purchasers. Read more.

New York City’s Tallest Penthouse Sold for $88 Million


16 Sep 2016, New York City, United States

A wealthy buyer has closed on his penthouse at 432 Park Avenue for $87.7 million. The deal marks the sale of the city’s highest residence and the biggest closed sale in New York for 2016 thus far. Read more.

Bangkok Museum Design Scrapped Over Plagiarism Claim


16 Sep 2016, Bangkok, Thailand

A controversial proposal for a new museum in Bangkok has been withdrawn after critics pointed out how much it looked like a previous concept for what was claimed to become the world’s biggest building. Read more.

New York’s 15 Hudson Yards Set to Launch Condo Sales


13 Sep 2016, New York City, United States

Another big milestone for Hudson Yards is about to take place: developer Related has announced that the development’s first all-residential tower will soon be up for grabs, with sales for condominium units set to launch. Read more.

Dispute over Viewing Deck Causes Row in London


08 Sep 2016, London, United Kingdom

Residents of the Rogers Stirk Harbour-designed Neo Bankside apartments have threatened legal action, after Tate Modern opened an observation deck that provides views into their private apartments. Read more.

Spire London Launches in Docklands


06 Sep 2016, London, United Kingdom

Greenland Group is set to officially launch Spire London, designed by HOK in London Docklands. The building is a 235-meter 67-story tower, planned to become the tallest residential development in the UK and Western Europe. Read more.

Metro and Sangam Digital Dream Towers Up for Sale in Seoul


02 Sep 2016, Seoul, South Korea

The Metro and Sangam Digital Dream Towers, both located in Seoul, have been put up for sale. The towers are expected to sell for around USD$6,100 and USD$3,500 per square meter, respectively. Read more.

Developer Resumes Work on $1 Billion Al Maryah Project in Abu Dhabi


01 Sep 2016, Abu Dhabi, United Arab Emirates

Developer Farglory is to resume work on a high-profile residential project billed as Abu Dhabi’s answer to London’s ultra-luxury One Hyde Park after a complete redesign to make it more affordable to buyers. Read more.

Future of London’s 22 Bishopsgate Unclear as Investors Weigh Options


31 Aug 2016, London, United Kingdom

Investors behind the 62-story 22 Bishopsgate tower project in the City of London are weighing their options; they could either stick to a plan to continue work, delay the project, or sell it, with the last option thought to be the least likely. Read more.

Chicago’s Tribune Tower Sold for Up to $240 Million


31 Aug 2016, Chicago, United States

Developers have agreed to purchase Tribune Tower for up to $240 million, marking the end of media ownership for the historic North Michigan Avenue building and the beginning of a new chapter, likely as part of a mixed-use redevelopment. Read more.

All Units Sold at The Carlyle on Wilshire in Los Angeles


26 Aug 2016, Los Angeles, United States

After six years on the market, all of the luxury residential units at The Carlyle on Wilshire, located on Wilshire Boulevard in Los Angeles, have been sold, grossing a total of $275 million, or an average of $11,238 per square meter. Read more.

Qatar Investment Authority Purchases Stake in the Empire State Building


25 Aug 2016, New York City, United States

Qatar has picked up a flashy piece of NYC real estate. The Qatar Investment Authority reportedly dropped $622 million on a piece of the Empire State Building, giving the country a 9.9 percent stake in the structure. Read more.

73-Story Office Tower Up for Sale in Hong Kong


24 Aug 2016, Hong Kong, China

A property firm has put up for sale one of its marquee office towers, located in the old Central District of Hong Kong. The Center, a 73-story office building, could fetch several billion dollars. Read more.