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Supertalls Discussions of projects under construction between 300-599m/1,000-1,999ft tall.
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Old March 26th, 2017, 09:59 PM   #5141
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Old May 16th, 2017, 11:06 PM   #5142
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23 .04. 2017.
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Old May 18th, 2017, 12:40 AM   #5143
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why does it take ages completing this Tower?
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Old May 18th, 2017, 12:52 AM   #5144
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Quote:
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why does it take ages completing this Tower?
2 reasons: Property tax and oversaturated office rental space in this part of the city.

A lot of companies still prefer to rent or lease office space in the historical center and in all those famous historical buildings despite the lack of parking spots and congestion of retail and tourist business there. However city authorities are slowly but surely pushing all office plankton out from historical areas towards the new business downtown with these cluster of skyscrapers towers. It takes times...

For a now developers are not in the rush to finish some of those towers up in order to avoid paying property taxes. This particular tower was ready a year ago, but it's just the owner/developers who still pretending to work so slow to avoid to property taxes for another year. While building is still under construction on paper it's not subject of property tax. It's not nice, but it's legal.

However, I heard that the city mayor gave an unofficial pro-forma ultimatum to finish up those towers and few other smaller construction sites around just in time till the soccer WC Russia-2018. Those greedy towers' owners are just being sneaky and enjoying taxing sabbatical till 2018. Basically waiting for office rental demand boom, which is slowly building up, so they can sell/lease/rent with bigger profit margin. But the shortage and demand on offices are slowly and surely increasing in Moscow. Apartments in those skyscrapers are already running up for starting $1.1-1.2 millions per 2bdrm/2bath with decent big living room.

So, the boom and demand for those towers are coming soon. City authorities already build a lot of great transportation and parkings around Moscow IBC downtown. And a lot of good middle-class upscale residential quarters are under construction now. Planing to be down somewhere around 2020 with all roads, infrastructure and parks/trees. For a now, even towers are on pause, till they raise enough of livable areas around and wait for a office space and residential demand. But it's gonna happen soon. It's sort of business model. Moscow is rapidly growing in terms of population, middle class amount, and demand for a bigger residential square footage. Besides Moscow's economy is pretty much post-industrial, it's all about intellectual and service jobs there, not a single big factory left in there. No production or industry whatsoever. Just a service economy and big business things.

My personal guess: it's just a maneuver to wait till the rest of the area around this downtown will be more/less developed, as all developed and finished infrastructure and public transportation will automatically increase demand and value of the office space in those towers.
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Old May 21st, 2017, 08:35 PM   #5145
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Old May 23rd, 2017, 06:50 PM   #5146
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Old June 6th, 2017, 07:32 AM   #5147
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Moscow-City. Federation-East and Mercury towers by Andrey Velichko, on Flickr



Moscow City #technobeauty by NO PHOTOGRAPHER, on Flickr
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Old July 8th, 2017, 07:59 AM   #5148
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5514-1 by Igor Gorshkov, on Flickr



5502-1 by Igor Gorshkov, on Flickr
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Old July 10th, 2017, 03:40 AM   #5149
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completed?

by vinttt
Quote:
Originally Posted by vinttt View Post
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Old July 10th, 2017, 08:49 AM   #5150
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IMG_9332 by Сергей Шатилович, on Flickr



IMG_9337 by Сергей Шатилович, on Flickr
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Old July 11th, 2017, 03:04 AM   #5151
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It's ridiculous how this tower started before many other towers which have already finished and it's still not done.
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Old July 14th, 2017, 03:04 PM   #5152
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A pitty spiral removal
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Old July 19th, 2017, 11:23 AM   #5153
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5054-1 by Igor Gorshkov, on Flickr



5046-1 by Igor Gorshkov, on Flickr



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Old July 19th, 2017, 03:18 PM   #5154
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Old July 20th, 2017, 12:52 AM   #5155
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Old July 20th, 2017, 09:10 AM   #5156
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Gorgeous towers, but the project seriously lost something with the removal of the spire.
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Old July 20th, 2017, 12:39 PM   #5157
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5505-1 by Igor Gorshkov, on Flickr



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Old July 26th, 2017, 09:38 AM   #5158
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Yes i also think, the project would looks better with the spire, is there any progress on the construction site
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Old July 27th, 2017, 04:08 AM   #5159
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Federation Tower is still the highest in Europe. 'Till the Lakhta Tower won't be completed in St. Petersburg.

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Old July 29th, 2017, 11:24 PM   #5160
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