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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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LondonHouse Chicago Hotel Sold for $315 Million

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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.


Fate Uncertain for Unfinished Potala Tower in Seattle

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17 Feb 2016, Seattle, United States

Investors are asking a federal judge to reject a court-appointed receiver's proposal to sell the unfinished Potala Tower in downtown Seattle according to filings in federal court dated to February 16. Read more.


Building Collapse in Tainan, Taiwan Prompts Demands for Stricter Safety Regulations

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12 Feb 2016, Tainan, Taiwan

After a deadly building collapse, Tainan's district court gave the city government the go-ahead to freeze up to USD$1 million in assets belonging to the its developer. The disaster has also prompted demands for stricter safety regulations. Read more.


City of Chicago Approves Major Development Along River

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11 Feb 2016, Chicago, United States

Plans for Perkins+Will’s Riverline project include five residential towers, a series of townhouses, public park space, over 3,600 residential units, a river walk, and 16,000 square feet (1,500 square meters) of street-level retail. Read more.


Developers of a Building in Tainan, Taiwan Sought After Collapse

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09 Feb 2016, Tainan, Taiwan

Prosecutors in Taiwan today sought to detain three former executives of a real estate company that built an apartment complex which collapsed in an earthquake three days ago in the city of Tainan. Read more.


Work to Begin on Palm Gateway Project in Dubai

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02 Feb 2016, Dubai, United Arab Emirates

Nakheel has awarded a contract to build the Palm Gateway triple tower and beach complex above the Palm Gateway monorail station. The developer said that work on the project is set to begin by the end of March. Read more.