daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > World Development News Forums > Supertalls > Proposed Supertalls



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old August 10th, 2011, 05:08 PM   #2961
RandomNameTag
Skyscraper fan
 
RandomNameTag's Avatar
 
Join Date: Nov 2009
Location: rural Georgia, United States
Posts: 468
Likes (Received): 22

Quote:
Originally Posted by germantower View Post
So the contractor is leaving the site. Does that mean Trident just didnt pay them or does that mean Trident has serious financial problems and cant eventually finish the Pento?
I think they just simply ran out of money. I'm suprised I don't see any media coverage regarding this, as this would be Dubai's second tallest. I wonder if Bramble knew about this in advance, but wasn't allowed to inform us.
RandomNameTag no está en línea   Reply With Quote

Sponsored Links
Old August 10th, 2011, 07:51 PM   #2962
germantower
i ♥ NY
 
germantower's Avatar
 
Join Date: May 2006
Posts: 3,452
Likes (Received): 1155

Ouch, and i was looking forward for this tower. :/ Bramble can you PLEASE enlighten us?
__________________
more SHoP less BIG
germantower no está en línea   Reply With Quote
Old August 11th, 2011, 04:15 AM   #2963
Fury
Proudly Canadian
 
Join Date: Mar 2006
Posts: 2,059
Likes (Received): 350

Hi all.

Frick ....
One of my fave watched projects.

I can't see it not resuming construction in the future - too much work done to knock it all down (I hope ...).


Ray.
__________________
Burj Khalifa - The Greatest Structure of our Time !!
Fury no está en línea   Reply With Quote
Old August 11th, 2011, 11:15 AM   #2964
BRAMBLE
Registered User
 
Join Date: Apr 2009
Posts: 164
Likes (Received): 18

Quote:
Originally Posted by no_gods View Post
Is there a link with the financial crisis of the last 2 weeks?


Coincidence
BRAMBLE no está en línea   Reply With Quote
Old August 11th, 2011, 11:20 AM   #2965
BRAMBLE
Registered User
 
Join Date: Apr 2009
Posts: 164
Likes (Received): 18

Quote:
Originally Posted by germantower View Post
Ouch, and i was looking forward for this tower. :/ Bramble can you PLEASE enlighten us?

Perhaps #2961?
BRAMBLE no está en línea   Reply With Quote
Old August 11th, 2011, 11:44 AM   #2966
germantower
i ♥ NY
 
germantower's Avatar
 
Join Date: May 2006
Posts: 3,452
Likes (Received): 1155

I am pissed big times. I just wanna know if this one will continue or not.

@ Fury, the current status doesnt indicate that it NEEDS to get built. The Dubai Pearl is the best example.
__________________
more SHoP less BIG
germantower no está en línea   Reply With Quote
Old August 11th, 2011, 03:33 PM   #2967
Dubai_Steve
Dubai State of Mind
 
Dubai_Steve's Avatar
 
Join Date: Jan 2005
Posts: 8,601
Likes (Received): 135

Quote:
Originally Posted by germantower View Post
So the contractor is leaving the site. Does that mean Trident just didnt pay them or does that mean Trident has serious financial problems and cant eventually finish the Pento?
Strange, why would they even start the project if they knew all along they did not have the money to get past this stage. Were they hoping to borrow more and refused it, or have the courts instructed returning of monies invested to the investors for a legal case? I wonder if the new Dubai Government scheme can help with this one? Perhaps it can be renamed PentoKhalifa or Khalifaminium?
Dubai_Steve no está en línea   Reply With Quote
Old August 11th, 2011, 04:03 PM   #2968
DennisS
Just a student
 
DennisS's Avatar
 
Join Date: Mar 2007
Location: Eindhoven
Posts: 766
Likes (Received): 70

Quote:
Originally Posted by Dubai_Steve View Post
Strange, why would they even start the project if they knew all along they did not have the money to get past this stage. Were they hoping to borrow more and refused it, or have the courts instructed returning of monies invested to the investors for a legal case? I wonder if the new Dubai Government scheme can help with this one? Perhaps it can be renamed PentoKhalifa or Khalifaminium?
Khalifaminium!
DennisS no está en línea   Reply With Quote
Old August 11th, 2011, 07:58 PM   #2969
Imre
Dubai
 
Imre's Avatar
 
Join Date: Jan 2005
Location: Dubai
Posts: 40,564
Likes (Received): 315

Quote:
Originally Posted by Dubai_Steve View Post
Strange, why would they even start the project if they knew all along they did not have the money to get past this stage. Were they hoping to borrow more and refused it, or have the courts instructed returning of monies invested to the investors for a legal case? I wonder if the new Dubai Government scheme can help with this one? Perhaps it can be renamed PentoKhalifa or Khalifaminium?
This happened with many projects in Dubai, they had money in the Escrow account and they didnt want to refund to the investors, some constructions done and money gone..

Launch price was for this around 2500-3000 dhs/sqft? what would be the value now, 1000-1500 ? So whats the point to continue the payments now?

Another thing is, many investors realised the finishing of Trident projects not as good as they promised and this location one of the worst in Dubai Marina
Imre no está en línea   Reply With Quote
Old August 11th, 2011, 08:27 PM   #2970
PrincessTower
Tallest Block Resident
 
PrincessTower's Avatar
 
Join Date: Feb 2010
Location: Dubai (davor Schland)
Posts: 1,674
Likes (Received): 83

Quote:
Originally Posted by Imre View Post
what would be the value now, 1000-1500 ?
yeah, that implies the exclusive circle of tentants somewhat like in Le Reve Tower, in addition to a nodge up on luxury (which we don't know is going to happen).

otherwise the lower floors can't justify much more than that. le reve has availability starting at around 2100 psft. sea view of course. and FURNISHED!! and not any furniture or fittings, the proper stuff. considering that I would not pay 1500 psqf for a unit below the 80th floor in the pento and spend another 500 psft on refurbishing.
PrincessTower no está en línea   Reply With Quote
Old August 12th, 2011, 11:24 AM   #2971
Imre
Dubai
 
Imre's Avatar
 
Join Date: Jan 2005
Location: Dubai
Posts: 40,564
Likes (Received): 315

12/August/2011

Pentominium, 12 days without workers , ON HOLD status seems confirmed now...

[IMG]http://i53.************/otnaew.jpg[/IMG]

[IMG]http://i55.************/2vcc48m.jpg[/IMG]

[IMG]http://i52.************/34nfrmc.jpg[/IMG]
Imre no está en línea   Reply With Quote
Old August 12th, 2011, 11:33 AM   #2972
Diles_Mavis
Nachtträumer
 
Diles_Mavis's Avatar
 
Join Date: Jul 2010
Location: Wien
Posts: 279
Likes (Received): 19

And another ruin in Dubai Marina... :/
Diles_Mavis no está en línea   Reply With Quote
Old August 12th, 2011, 11:45 AM   #2973
germantower
i ♥ NY
 
germantower's Avatar
 
Join Date: May 2006
Posts: 3,452
Likes (Received): 1155

We can still hope that it will continue. But if it continues, i hope they have the resources to finish it, not unlike Marina 101, which is an almost 400m tall, claddingless faceless concrete structure in the middle of a residential area.

I'd rather see the Pento, as a shortened 30 floors FINISHED building, than an unfinished POS for ages.

BRAMBLE, is this tower going to be finished sometime, or rather not?
__________________
more SHoP less BIG
germantower no está en línea   Reply With Quote
Old August 12th, 2011, 02:24 PM   #2974
DJaCoNdA
Staring at the World
 
DJaCoNdA's Avatar
 
Join Date: Jun 2009
Posts: 476
Likes (Received): 141

It must be reasons why they put it to on-hold? No money? No material resources?
__________________
Staring at the World Through My Rear View
DJaCoNdA no está en línea   Reply With Quote
Old August 12th, 2011, 04:24 PM   #2975
Aqua_Chicago
Registered User
 
Aqua_Chicago's Avatar
 
Join Date: May 2010
Posts: 344
Likes (Received): 41

Quote:
Originally Posted by germantower View Post
We can still hope that it will continue. But if it continues, i hope they have the resources to finish it, not unlike Marina 101, which is an almost 400m tall, claddingless faceless concrete structure in the middle of a residential area.

I'd rather see the Pento, as a shortened 30 floors FINISHED building, than an unfinished POS for ages.

BRAMBLE, is this tower going to be finished sometime, or rather not?
I agree with you. I would prefer a 30 floors finished building than the unfinished one
Aqua_Chicago no está en línea   Reply With Quote
Old August 12th, 2011, 09:12 PM   #2976
parsonsnose
BANNED
 
Join Date: Dec 2010
Posts: 512
Likes (Received): 26

Dubai is fast becoming a really bad joke.
What with this and the Dubai Pearl and Marina 101, and all of the many on hold smaller projects, most never to be built, the joke is on the investors.
parsonsnose no está en línea   Reply With Quote
Old August 12th, 2011, 10:30 PM   #2977
itchy
Registered User
 
Join Date: Jul 2009
Posts: 77
Likes (Received): 3

Bummer; I liked this one.

If the project were abandoned, would Dubai law require that owner/tenants be fully refunded if they had paid out deposit money?
itchy no está en línea   Reply With Quote
Old August 13th, 2011, 12:36 AM   #2978
patrykus
Registered User
 
patrykus's Avatar
 
Join Date: May 2008
Location: Poland
Posts: 3,778
Likes (Received): 1794

read dubai subforums and find out for yourself how filled they are with pissed off investors who left with nothing
__________________
PolishTowersU/CPolishTowersU/CPolishTowersU/CPolishTowersU/CPolishTowersU/CPolishTowersU/C
PolishTowersU/CPolishTowersU/CPolishTowersU/CPolishTowersU/CPolishTowersU/CPolishTowersU/C
PolishTowersU/CPolishTowersU/CPolishTowersU/CPolishTowersU/CPolishTowersU/CPolishTowersU/C
PolishTowersU/CPolishTowersU/CComingSoon/CPolishTowersU/CPolishTowersU/CPolishTowersU/C

patrykus no está en línea   Reply With Quote
Old August 13th, 2011, 08:16 AM   #2979
BRAMBLE
Registered User
 
Join Date: Apr 2009
Posts: 164
Likes (Received): 18

Quote:
Originally Posted by germantower View Post
We can still hope that it will continue. But if it continues, i hope they have the resources to finish it, not unlike Marina 101, which is an almost 400m tall, claddingless faceless concrete structure in the middle of a residential area.

I'd rather see the Pento, as a shortened 30 floors FINISHED building, than an unfinished POS for ages.

BRAMBLE, is this tower going to be finished sometime, or rather not?
Client + cash = build

Client + early cash = early build
Client + late cash = late build

(i guess!)
BRAMBLE no está en línea   Reply With Quote
Old August 13th, 2011, 04:24 PM   #2980
cityfox
Registered User
 
Join Date: May 2011
Posts: 703
Likes (Received): 5

arghh, have they learned nothing from the past?
cityfox no está en línea   Reply With Quote


Reply

Tags
dubai, marsa dubai, pentominium tower, plot no. 392-567

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 11:08 AM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu