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Old February 4th, 2009, 09:47 PM   #1341
SilentStrike
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nooo, dont cancel!

complete by 2016 sounds better, as long as it gets finished.
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Old February 5th, 2009, 12:26 AM   #1342
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you should beg like puss in boots, beg to Russian Land. Joking

I'm pretty sure this thread's gonna get closed soon.
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Old February 5th, 2009, 12:36 AM   #1343
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I'm not to sure about that, then again they are talking about delayed to 2016 that a real long time.
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Old February 5th, 2009, 12:23 PM   #1344
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Quote:
Originally Posted by Marin View Post
Russia Tower is 4 years behind schedule, says Moscow Mayor

Praised and admired at MIPIM 2008 for both its architectural presence and green innovation as the tallest tower with a natural ventilation system, Foster + Partners’ Russia Tower looked set to become a benchmark for sustainable high-rises. In November 2008 however, the Russian news agency Interfax reported that the project had been halted due to the credit crunch. Developer, Russia Land, could no longer afford to continue with the project and attempts to raise revenue from oil company Sibir Energy, were met with a conflict of interest clause in December due to Russia Land’s Head, Shalva Chigirinsky, holding a large amount of shares in the company.

The latest developments come from Russian news source Kommersant who quoted the Moscow Mayor this week as saying the project is now four years behind schedule, meaning a completion date of 2016 is more likely. Furthermore, despite the financial crisis, he is threatening to impose fines for the delay. The 612m tower, which broke ground in September 2007, is to be a key building within the Moscow International Business Centre and was set to provide substantial residential, retail, office and hotel space to the district, its delay could cause a significant economic impact to Moscow. Functining as a dense ‘vertical city’ the tower would house 25,000 people, with offices, a hotel, shopping and apartments with private gardens.

Foster + Partners are as yet unavailable for comment on the developments but the delay represents one of the major casualties of the financial crisis and no-doubt a severe blow for the London-based firm.

http://static.worldarchitecturenews....ia%20Tower.jpg

Source
The exact same article was posted in the post above yours...
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Old February 5th, 2009, 01:27 PM   #1345
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yeah and exactly the same was posted few posts above your post
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Old February 6th, 2009, 11:51 PM   #1346
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Quote:
"Сегодняшние условия вынуждают изменить концепцию проекта", - сказал архитектор. По его словам, объем башни будет уменьшен, снизится ее высота (возможно, до 200 м), а также расширится площадь наземного паркинга, поскольку строительство подземных становится слишком дорогим.
http://www.interfax.ru/realty/realty...=1460&id=61686
Translation: Current situation forces us to change the concept of the project. Height will be decreased, possibly to 200m.


This is ****ed up, i cannot understand how mayor of Moscow could have agreed to this, when he himself layed down the first stone of the tower.
We need a new mayor, this one outlived his usefullness.

Thread title can be changed to "cancelled" i guess.
We can only hope that global crisis will cause bankruptcy of the developer and he will be forced to sell the project insted of vasting a plot on some retarded 200m tower.
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Old February 7th, 2009, 12:07 AM   #1347
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They'll probably wait until the economy eases and build the actual tower then.
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Old February 7th, 2009, 05:09 AM   #1348
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This is really awful news, well lets hope that it isn't true that the construction on Russia Tower was either cancelled or that the height has been reduced to 200m, that would really be catastrophic !

My best hope is that the developer will wait until the economic situation eases again , but Russia's economy seems to be in very deep trouble after the huge decrease in oil prices, and the withdrawal of investors out of Russia.

I just hope that the economic situation will get better again soon because Russia Tower really was (or still is) a great project that definitely should get built, and even if it'll be by 2016 since it would be a great landmark for Moscow, Russia and Europe, and last but not least because it would overtake Chicago Spire by 2m making Europe the second continent after Asia with higher buildings than North America.
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Old February 7th, 2009, 05:40 AM   #1349
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Oh that was your only wash to bad. It's not like anythings happen with Chicago spire. Look at it this way Moscow International Business Center will be just as importing to the world as the WTC in NYC.
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Old February 11th, 2009, 01:48 PM   #1350
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Mirax Group has just announced they want to take this project from Russian Land to build it by 2012. No negotiations were performed yet. First they want to know what mayor think about the idea.
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Old February 11th, 2009, 02:06 PM   #1351
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Quote:
Originally Posted by coth View Post
Mirax Group has just announced they want to take this project from Russian Land to build it by 2012. No negotiations were performed yet. First they want to know what mayor think about the idea.
isn't Mirax group is in trouble with money too??
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Old February 11th, 2009, 11:28 PM   #1352
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http://en.rian.ru/business/20090211/120090304.html

Quote:
Mirax Group says will complete frozen Moscow skyscraper
17:06 | 11/ 02/ 2009

MOSCOW, February 11 (RIA Novosti) - Mirax Group aims to complete a Moscow skyscraper planned as one of the world's tallest buildings but frozen amid the financial crisis, the developer said on Wednesday.

"We are proposing to the mayor's office that we build the Russia Tower to its original specification," Mirax Group chief Sergei Polonsky told reporters,adding that the company had already consulted investors on the project.

The project in the Moscow City development on the banks of the Moskva River in the west of the Russian capital has been delayed until at least 2016, four years behind schedule, over financing problems. Proposals have been made to cut the height of the skyscraper - planned at 612.2 meters (2,009 ft) - to reduce investment.

Shalva Chigirinsky, head of the tower's development company, said late last year the credit crisis had left him unable to secure investment and cut demand for the tower's office space, even if the building were to be completed.

Sibir Energy, in which Chigirinsky is a major shareholder, dropped plans late last month to buy the entrepreneur's real estate assets, including 50% in the tower. The oil firm planned to pay Chigirinsky $127 million, and take on $213 million of his debt.

Polonsky said Mirax could buy Chigirinsky's stake in the project for $48.5 million, the amount he had asked from Sibir Energy. But he said the company would get the Moscow government's opinion before discussing the deal with Chigirinsky.

Polonsky said the purchase of the Russia Tower would allow Mirax extend parking area in its own projects in the business center, including the rival Federation Tower. He also said the Mirax projects in the center would not look complete without Chigirinsky's skyscraper.

He said the company's talks with Chigirinsky 18 months ago had brought no results.
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Old February 12th, 2009, 01:34 AM   #1353
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Well that sounds a bit better
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Old February 12th, 2009, 02:48 AM   #1354
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If there's any company that is able to realize this tower, it's Mirax group! Fantastic news for Moscow.
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Old February 12th, 2009, 02:54 AM   #1355
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It's good to hear that someone wants to take this project over and complete it to the original designs, but I have my doubts about Mirax Group. They've already had to suspend work on several of their projects. Transferring this project from one financially strapped company to another isn't a smart move. If I'm the mayor or on the city council I'd want to see some firm financial fact$ before I approve anything.

Mirax should take over the Imperia Tower site first, that's been on hold for months.
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Old February 12th, 2009, 06:52 PM   #1356
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great to hear that, this tower simply has to be build!
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Old February 21st, 2009, 10:27 AM   #1357
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The Moscow officials are set to redesign supertall Russia Tower in the international business area Moskva City. The construction works will be performed on a phased basis. The optimization of the project means the total area of the structure and number of floors will be reduced. Hence, the final height of the tower may reach only 200 m.

Currently all construction works on the site are halted, while developers wait for the new project to be approved by the Moscow officials. Besides, the project implies to considerably cut number of underground parking garages due to high prime cost.

http://www.russia-ic.com/news/show/7795/


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Old February 21st, 2009, 10:38 AM   #1358
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200 meters? Is there no turn back?

WTF
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Old February 21st, 2009, 11:37 AM   #1359
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that are not the latest news, read post 1352
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Old February 21st, 2009, 11:49 PM   #1360
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The height of the Russia Tower is to be reduced? That most definitely sucks @$$. Either a 200-metre tower on its plot or three shorter skyscrapers and a large parking garage will be terrible options for the project site. So we have two choices: Either we build the Russia Tower to its original planned height (612 metres) or we don't build it at all.
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