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Nothing as big as this tower (not that I remember anyway). If you go out into the newest suburbs you'll find a lot of single-family houses at various levels of construction that have been untouched since the crash. These are very strange neighborhoods with streets laid out with streetlights and such but with only a few houses that people live in, a lot of empty lots and a bunch of unfinished houses that are going nowhere.

One such neighborhood can be seen from above here.
 

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It is confirmed that the construction is going forward and the tower will be built to full height according to the original plans. The first two floors will soon be completed and connected to Smáralind mall before a gym/spa will open there in December.

Other interesting development in this area is the request by some developers to the town authorities in Kópavogur that the area south of the towers be rezoned to allow for more apartments there.
 

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any updates?
A gym and spa on the first two floors has been opened for business while construction has been resumed on the upper floors. It didn't look there has been much progress in the construction the last time I saw it but I think it probably takes some time to get it running again after being mothballed for so many years.
 

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Finally there is a tenant for the building. Íslandsbanki, the second largest bank in Iceland, will move its HQ there. I think that is probably the biggest company so far to to leave Reykjavik for the Kópavogur business district. 650 staff will work in the HQ.

The press release says they will lease 8600 sq. meters but the whole building is registered as being 17352 sq. meters so the bank is going to take half of it.
 
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