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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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Chicago’s Riverline Mega-Development Divided into Separate Residential Projects


14 Mar 2018, Chicago, United States

The $2 billion Riverline mega-development in Chicago has been split into two separate residential projects. The northern portion of the site is set to contain 2,700 units, while the southern portion will house 1,050 apartments. Read more.

After 12-Day Standoff, Workers Strip Trump Name from Panama Hotel


07 Mar 2018, Panama City, Panama

The owners of a luxury Panama City hotel that is managed by the Trump Organization have taken control of the 70-story building after a 12-day dispute that ended when a Panamanian judicial official backed the hotel’s majority owners. Read more.

Liverpool to Bring Back Tall Buildings Policy in Face of UNESCO Threat


20 Feb 2018, Liverpool, United Kingdom

The Liverpool City Council is set to restore the city’s policy on tall buildings in an attempt to stop UNESCO stripping it of its World Heritage Site status. Activists have become concerned as the proliferation of tall building proposals continues in the city. Read more.

Chicago’s John Hancock Center Skyscraper Losing its Iconic Name


13 Feb 2018, Chicago, United States

The iconic John Hancock Center in Chicago is getting a name change as the owners search for a new naming-rights buyer. In the meantime, the 100-story, 343.7-meter tower will go by its street address, 875 N. Michigan Ave. Read more.

Chinese Developer Confirms Sale of Sydney’s Circular Quay, Gold Coast’s Jewel Projects


29 Jan 2018, Sydney, Australia

A Chinese developer has confirmed the sale of its Australian real estate projects to an unnamed investor. The two projects, One Circular Quay in Sydney and Jewel at Surfers Paradise in Gold Coast, are both under construction. Read more.

Developer Closes on $1-Billion-Plus Financing for New York’s Central Park Tower


05 Jan 2018, New York City, United States

Developers have closed on $1.14 billion in financing for Central Park Tower, and now have all the money in place for what is set to be Manhattan’s most expensive condo tower, according to documents filed with the Tel Aviv Stock Exchange. Read more.

Developer Lands $500 Million Construction Loan for Chicago Post Office Redevelopment


22 Dec 2017, Chicago, United States

The New York investor redeveloping the massive Old Main Post Office in Chicago has scored a $500 million construction loan to finance the project, one of several properties on the city's list for a potential Amazon second headquarters. Read more.

Dubai Court Dismisses Arbitration Against Real Estate Firm in Burj Daman Case


18 Dec 2017, Dubai, United Arab Emirates

A real estate firm has won a favorable judgment in the Dubai Courts of Appeal in its long-running dispute with a contractor, relating to the Burj Daman real estate project in the Dubai International Financial Centre (DIFC). Read more.

Dubai’s Gate Avenue Aims to Lease 90% of Units Before Completion


14 Dec 2017, Dubai, United Arab Emirates

Dubai International Financial Centre, the emirate's financial free zone, aims to lease 90 percent of units at its Dh1billion (US$272 million) Gate Avenue retail development before it opens in 2018. Read more.

Frisco's $2 Billion Wade Park Project Facing Legal Woes for Millions in Unpaid Bills


11 Dec 2017, Frisco, United States

A big chunk of Frisco, Texas’ famous $5 billion mile on the periphery of Dallas has hit a bump in the road, as multiple construction companies involved in the Wade Park project are taking legal action for unpaid bills. Read more.

Teenager’s Daredevil Stunts on Mumbai High-Rises Raise Security Concerns


04 Dec 2017, Mumbai, India

Videos and photographs of a 17-year-old mechanical engineering student performing daredevil stunts on a high-rise under construction in Mumbai have gone viral on social media, leading to security concerns. Read more.

Hong Kong Office Tower 70% Leased Before Opening


30 Nov 2017, Hong Kong, China

The office component of the HK$20.3 billion (US$2.6 billion) New World Centre / Victoria Dockside complex in Kowloon, Hong Kong is already 70 percent leased, and will be fully rented by March or April 2018, when the entire building opens. Read more.

London High Court Challenge Against Paddington Cube Fails


30 Nov 2017, London, United Kingdom

The London High Court has thrown out a legal challenge against Communities Secretary Sajid Javid’s decision not to call in the controversial £775 million ($1 billion) Paddington Cube development. Read more.

Chinese Conglomerate Attempts to Sell $5 Billion of Global Skyscraper Assets


21 Nov 2017, Beijing, China

A Chinese conglomerate is offering to sell all five of its large-scale projects in Britain, the US, and Australia to a single buyer for an estimated US$5 billion, as Beijing tightens control over companies’ offshore investments. Read more.

High Court Ends Mumbai High-Rise Residents’ Exclusive Access to Public Park


20 Nov 2017, Mumbai, India

After the intervention of the Bombay High Court, an enclosed 1,021-square-meter public garden in Cuffe Parade – used exclusively by residents of the high-rise DSK Tower – will now be accessible to the public. Read more.

St. Louis’ Former AT&T Tower Now For Sale


20 Nov 2017, St. Louis, United States

The largest office building in St. Louis, formerly known as One AT&T Center, is on the market after being foreclosed. The vacant 44-story office tower in the heart of the city’s central business district was put up for sale without an asking price. Read more.

Gold Coast Tower for Sale Could Fetch At Least AU$180 Million


10 Nov 2017, Gold Coast, Australia

A 35-story, 279-apartment Gold Coast tower – which is in the early stages of construction – is now on the market, and price estimates sit at around the AU$180 million (US$138 million) mark. Read more.

Dubai’s Langham Opens to Buyers Ahead of 2020 Completion


02 Nov 2017, Dubai, United Arab Emirates

Modeled after The Langham hotel and residences in London, Langham Place Residences in Downtown Dubai will start selling units on Monday, November 6, ahead of opening its doors in the third quarter of Dubai’s Expo 2020. Read more.

Adelaide’s ANZ House is Up for Sale


27 Oct 2017, Adelaide, Australia

Adelaide’s ANZ House, an office tower home to high profile tenants such as the Australian Bureau of Statistics and the South Australian government, is up for sale with price expectations of at least AU$200 million (US$153 million). Read more.

Karachi Business Leaders Protest Ban on High-Rise Buildings


17 Oct 2017, Karachi, Pakistan

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is supporting builders and developers who are demanding that Karachi’s authorities drop their opposition to the construction of high-rise buildings. Read more.

Leading Investment Firm Takes Space at Melbourne Quarter


13 Oct 2017, Melbourne, Australia

A leading investment firm has leased 9,720 square meters at One Melbourne Quarter, the first of three office buildings at the Melbourne Quarter precinct, which is located near the central business district and the Docklands. Read more.

Drone Flights Banned Near St. Louis Arch, Other National Landmarks


02 Oct 2017, St. Louis, United States

The US Federal Aviation Administration (FAA) is restricting drone flights within 400 feet (122 meters) of 10 national landmarks, including the St. Louis Gateway Arch and the Statue of Liberty. Read more.

London’s Paddington Cube Project Faces Second High Court Challenge


28 Sep 2017, London, United Kingdom

The controversial Paddington Cube proposal will face a second High Court challenge, just weeks after another bid to derail the project moved forward. The challenge centers on safe access for ambulances to the neighboring hospital. Read more.

Facebook Takes 181 Fremont, in San Francisco’s Largest Office Lease in Three Years


26 Sep 2017, San Francisco, United States

Facebook Inc. signed San Francisco's largest office lease in three years, taking the entire office portion of 181 Fremont. The 802-foot-tall (244-meter) tower in the Transbay district is set to open by the end of 2017. Read more.

Ho Chi Minh City’s “Ghost Tower” Seized as Collateral After Owners Fail to Repay Debt


13 Sep 2017, Ho Chi Minh City, Vietnam

The Vietnam Asset Management Company (VAMC) recently seized control of the unfinished Saigon One Tower – located in Ho Chi Minh City's downtown District One – as collateral over its investors' unpaid debt. Read more.

New York City “Courtscraper” to Include More Affordable Homes


23 Aug 2017, New York City, United States

More apartments are being made available at affordable prices in VIA 57 West in New York. Nicknamed the “courtscraper,” the residential tower will host apartments that rent for $1,000 a month cheaper than an average Manhattan home. Read more.

Construction to Resume on New York Wheel After Fired Construction Firm is Replaced


16 Aug 2017, New York City, United States

After its owners fired its construction firm for repeated delays and rising costs, the New York Wheel is set to resume construction, and will rise 630 feet, making it the tallest observation wheel in the world. Read more.

Liverpool Green-Lights Two More Towers, Despite UNESCO Concerns


09 Aug 2017, Liverpool, United Kingdom

Liverpool City Council has approved the construction of 31-story and 15-story residential blocks near the historic Pier Head area, just weeks after being warned its UNESCO World Heritage site status was under threat. Read more.

China Asks Waldorf Owner Anbang to Sell Assets Abroad


02 Aug 2017, Beijing, China

Chinese authorities have asked Anbang Insurance Group Co., whose chairman was detained in June, to sell its overseas assets and bring the proceeds back to China. The company, however, said they have no plans to comply. Read more.

London's 20 Fenchurch Church Street Building Sold in Record-Breaking Deal


28 Jul 2017, London, United Kingdom

London’s landmark 36-story “Walkie Talkie” building has broken records with its US$1.7 billion sale to a Hong Kong firm best known for making oyster sauce. The deal easily surpasses the previous record price for a single building in the UK. Read more.