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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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Lenders Seek Buyers for Site of Failed Spire


15 Mar 2013, Chicago, United States

The site of the unrealized Santiago Calatrava-designed Chicago Spire, as well as the accompanying $93 million debt, has been put up for sale. The 2.2-acre property is currently occupied by a foundation pit, the only part of the 610-meter tower ever brought to reality. Read more.

Video: FT Questions Skyscrapers in London


14 Mar 2013, London, United Kingdom

The Financial Times has produced a short video addressing tall buildings within the context of the City of London. The editorial explores the history of development in the city and encourages a constant interrogation of new architecture in order to retain the city's unique identity. Read more.

Istanbul Launches International Financial Center


14 Mar 2013, Istanbul, Turkey

Construction work has commenced on the $2.6 billion Istanbul International Financial Center (IIFC) project in Turkey. The HOK-designed master plan is composed of four different districts, which are centered around culture, commerce, civic functions and government. Read more.

Skyscraper Art Takes Over Park Avenue


13 Mar 2013, New York City, United States

Ten twisted skyscraper sculptures by Cuban artist Alexandre Arrechea have been installed along the Park Avenue mall. His "No Limits" project consists of creatively re-imagined replicas of the Empire State Building, the Chrysler Building, the Flatiron Building, the Seagram Building and more. Read more.

Japan Post Tower Celebrates Opening


13 Mar 2013, Tokyo, Japan

The Japan Post Tower will celebrate the formal grand opening for all commercial space on Friday, March 21. The JAHN-designed skyscraper will house the renovated headquarters of the Tokyo Central Post Office, an academic and cultural museum, office space and a retail galleria. Read more.

Make Proposes Pinnacle Revision Scheme


13 Mar 2013, London, United Kingdom

Make Architects is creating a proposal to replace the failed Pinnacle project in London. Founding partner Ken Shuttleworth is proposing to remove the "stump" that currently occupies the site and replace it with a simpler, more flexible tower, with residential and office space as well as hanging gardens. Read more.

The National Highlights Kingdom Tower


13 Mar 2013, Jeddah, Saudi Arabia

A recent article from The National explores the implications of building the world's next tallest building. The article asks industry experts whether the Kingdom Tower will be a boon or a disadvantage to Saudi Arabia, as well as the subtleties of building and marketing the world's first kilometer-tall-tower. Read more.

Malaysian Residential Market Showing Signs of Recovery


12 Mar 2013, Kuala Lumpur, Malaysia

Prices of luxury high-rise residences in Kuala Lumpur's Klang Valley will experience an increase this year, the Malaysian Institute of Estate Agents (MIEA) says. Prices, though on the rise, are still not expected to reach the high levels achieved before the global financial crisis of 2008. Read more.

SkyHouse Houston Breaks Ground


12 Mar 2013, Houston, United States

A group of developers from around the country, taking advantage of Houston's recently launched downtown residential incentive program, have begun construction on a 24-story apartment building in the city. The SkyHouse Houston project is one of several like it around the country. Read more.

Indonesian Investors Buy Half-empty US Bank Tower


12 Mar 2013, Los Angeles, United States

Los Angeles's US Bank Tower, the tallest building west of the Mississippi, has sold for $367.5 million to Singapore-based hotel and property group Overseas Union Enterprise (OUE). The 72-story I.M. Pei-designed tower, previously owned by MPG Office Trust, is 56 percent occupied. Read more.

Paramount Launches Major Four Tower Project


12 Mar 2013, Dubai, United Arab Emirates

Paramount Pictures is partnering with developer Damac Properties to build a $1 billion hotel project in Dubai. The Damac Towers project is Paramount's first venture into the hotel and real estate industry and will include four 250-meter (820-foot) towers. Read more.

Two Liberty Place Hopes to Acquire Hotel Tenant


11 Mar 2013, Philadelphia, United States

IStar Financial has decided to sell its portion of Philadelphia's 58-story Two Liberty Place for development as a high-end hotel, according to the Philadelphia Business Journal. Jones Lang LaSalle is marketing the sale of IStar's floors in the city's third tallest building. Read more.

Honolulu's First Affordable Skyscraper Sale Draws Long Lines


11 Mar 2013, Honolulu, United States

On Saturday, March 9, hundreds of applicants entered the lottery to purchase units in the 801 South Street condominium tower, which will be built in downtown Honolulu. The 46-story tower is Hawaii's first "workforce housing" high-rise project, featuring affordable, family-sized apartment units. Read more.

Hotel Demand Gives Rise to a Series of Tower Projects


11 Mar 2013, Los Angeles, United States

Marriott has revealed plans to build a $200 million Renaissance Hotel in downtown Los Angeles near the Staples Center, the Los Angeles Times reports. The new Renaissance Hotel tower will be more than 20 stories tall, will feature 450 rooms and is scheduled to open in 2016. Read more.

Construction Begins on Taipei's 'Jungle' Skyscraper


11 Mar 2013, Taipei, Taiwan

Agora Garden Tower, a twisting skyscraper with an inhabitable "jungle," is now under construction in Taipei. The Agora, designed by Vincent Callebaut Architecture (VCA), will feature an orchard, a vegetable garden, space for aromatic and medicinal plants and a compost and rainwater capture system. Read more.

Wilshire Grand Architect Takes the Design Personally


07 Mar 2013, Los Angeles, United States

Construction is progressing on the long-awaited Wilshire Grand hotel redevelopment project, World Architecture News reports. Designing the 73-story skyscraper, which has been in the planning process for 20 years, was "a very exciting journey," according to architect David Martin of AC Martin. Read more.

OMA Tower Promotes Serious Sustainability Techniques


07 Mar 2013, Shenzhen, China

ArchDaily has produced an interview with Arpan Bakshi, the Sustainability Manager at YR&G, consultants for the Essence Financial Building. The competition-winning building, designed by Rem Koolhaas's Office for Metropolitan Architecture (OMA), will be built in Shenzhen, China. Read more.

Baccarat Announces NYC Tower


07 Mar 2013, New York City, United States

The fine crystal glassware company Baccarat is launching a hotel and condo complex in a 50-story SOM-designed tower in midtown Manhattan. The $523 million luxury hotel and residential skyscraper will rise over W. 53rd street by the end of next year. Read more.

Sellar's Canada Water Project Moves Forward


06 Mar 2013, London, United Kingdom

Sellar Propery Group has submitted for approval the design of the Canada Water redevelopment project in London. The master plan features a series of high-rise residential towers, retail spaces, public outdoor areas, improved access to the water, a community sports facility and a health center. Read more.

Iconic Williams Tower Sells for Record Price


06 Mar 2013, Houston, United States

The Hines Real Estate Investment Trust has closed the sale of the iconic 64-story Williams Tower of Houston to a fund managed by Invesco Real Estate. The tower, which has been on sale since August 2012, sold for $412 million, making it one of the largest deals in Houston real estate. Read more.

Namaste Tower on Track


06 Mar 2013, Mumbai, India

The henna-inspired skyscraper under construction in Mumbai is on track to reach completion by 2015, eVolo reports in an article featuring the tower. The WS Atkins-designed Namaste Tower was created to signify the burgeoning economic and cultural significance of India. Read more.

Long Island Development Marks Post-Sandy Recovery


06 Mar 2013, New York City, United States

Construction has officially begun on the first phase of the largest affordable housing project in New York City since the 1970s. When completed, this phase of the Hunter's Point South Project will include two high-rise residential buildings, an 1,100-seat school and a five-acre waterfront park. Read more.

Hong Kong Proposal Transforms Runway Into Tower


05 Mar 2013, Hong Kong, China

International architecture firm MA2 has produced a design proposal for Hong Kong's Kai Tak development. The Kai Tak tower is part of efforts to transform an air port landing strip in the city into a new cultural, business and residential district. Read more.

Obituary: W. Gene Corley, Structural Engineering Giant


05 Mar 2013, Skokie, United States

W. Gene Corley, long standing contributor to CTBUH and CTBUH leader, passed away on March 1, 2013 at the age of 77. Dr. Corley, Senior Vice President of the CTL Group was one of the world's foremost experts in analyzing buildings damaged by bombs, earthquakes, fires and tornadoes. Read more.

Bay-Adelaide Tower Signs Second Major Tenant


05 Mar 2013, Toronto, Canada

The latest leasing deal completed at the Bay Adelaide East tower has taken the project's occupancy rate to 60 percent. The 44-story office tower, which is under construction in Toronto, is the second installment of a three-tower development, joining the previously completed Bay Adelaide West tower. Read more.

Detroit Art Deco Skyscraper Poses Real Estate Opportunity


05 Mar 2013, Detroit, United States

Florida-based Luke Investments has placed its art deco David Stott Building in downtown Detroit on sale for $10.4 million. The 84-year-old tower, though almost totally empty, poses an opportunity to be transformed into a successful mainly residential building, according to Curbed Detroit. Read more.

Frank Gehry Comes Home


05 Mar 2013, Santa Monica, United States

Developers M. David Paul Associates and the Worthe Real Estate Group have commissioned Frank Gehry to design a mixed-use hotel and residential tower in his hometown of Santa Monica, California. The 22-story Ocean Avenue tower aims to stimulate the coastal city's economy. Read more.

Toranomon Hills to Rekindle Business in Tokyo District


04 Mar 2013, Tokyo, Japan

Japanese developer Mori Building Company is planning to attract global companies to its Toranomon Hills tower development, Bloomberg reports. The under construction tall building, which is scheduled to open in 2014, is the company's largest project since the completion of Roppongi Hills in 2003. Read more.

Revitalizing the Berlin Square


04 Mar 2013, Berlin, Germany

International architecture firm LAVA, in collaboration with developer Moritz Gruppe, has produced a design which it hopes will revitalize an urban square in Berlin. The Square 3 is a mixed-use development that draws its formal qualities from the neighboring Olympic Training Quarters, urban nature reserve and Alexanderplatz transport hub. Read more.

Emaar Reveals Twin Hotel Towers


04 Mar 2013, Dubai, United Arab Emirates

Developer Emaar Properties has released the design of The Address Residence Sky View, a mixed-use scheme which will include hotels, residences and apartments. Construction of the Skidmore, Owings and Merrill-designed pair of 50-story towers will begin in the fall in downtown Dubai. Read more.