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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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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.

Glamz Housing Project Launched in Dubai


05 May 2016, Dubai, United Arab Emirates

A developer is confident about selling its $82 million, 418-unit Glamz project within a month and expects to launch two more schemes in Dubai before the end of 2016. The project will be built next to the existing Starz by Danube in Al Furjan. Read more.

Study Claims Hudson Yards Will Generate Billions in Revenue for New York City


04 May 2016, New York City, United States

The Hudson Yards megaproject will contribute close to $19 billion to New York City's economy when it's complete, according to a study commissioned by developers Related Companies and Oxford Properties Group. Read more.

Bombay High Court Demands Demolition of Mumbai High-Rise


29 Apr 2016, Mumbai, India

On April 29, The Bombay High Court ordered the demolition of a high-rise building known as Adarsh for violation of green norms. The building was allegedly constructed in total violation of Coastal Regulation Zone rules. Read more.

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.