Tuesday, March 24, 2009

The end of the skyscraper is nigh

Tall towers on hold are Moscow’s Russia Tower and the Gran Torre Costanera office building in Santiago, Chile.

NVDL: The nature of the skyscraper is that is requires a lot of money and energy - we won't have either of these in abundance ever again.
clipped from www.thetimes.co.za

CHICAGO — There is a gaping hole where one of the world’s tallest buildings is supposed to go up.

The planned 150-story Chicago Spire would be 2000 feet tall (610 m) if it gets built atop its completed foundation, ranking the tower the tallest in the Western Hemisphere and the sixth-tallest among the world’s planned skyscrapers.

The Spire was supposed to be finished by 2012 and the Irish developer staged a global marketing campaign. Buyers snapped up a third of its 1,194 luxury condominiums priced between $750,000 and $40 million. Ty Warner, creator of the Beanie Baby toys, opted for the top-priced penthouse.

Work was stopped on the kilometer-tall (.6 mile) Nakheel Tower in Dubai, one of scores of construction projects idled in the former Gulf Arab boom town. A January HSBC report said $75 billion worth of projects in the United Arab Emirates were suspended or canceled. Contractors complain of not being paid.

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