skyscraper Archives - Page 2 of 2

A skyscraper has been bought for 165 million dollars

June 11, 2025 by usatoday24

During 2024, the southern US states, with Texas and Florida at the head, registered the largest number of millionaire migrations thanks to more lax fiscal policies. A clear example were Jeff Bezos, who A tax lot was saved for the sale of shares with Your move to Miami; or Elon Musk, what He changed the headquarters from his Delaware to Texas companies after the judicial dispute For its salary bonus. Good smell for Amancio Ortega businesshas led him to close the largest real estate operation in Pontegadea in 2025: a luxury building of 46 plants in one of the enclaves preferred by the Millionaires who move to Florida. 259 luxury apartments. Such and as they published The specialized real estate media, the founder of Inditex has carried out one of the most outstanding operations of the year by acquiring an emblematic skyscrapers in Fort Lauderdale. This acquisition not only reinforces Ortega’s presence in The American residential sectorbut also marks the return of Pontegadea to the High Standing housing market, after two years of investments oriented to the Logistic centers and office buildings. The new property of the Amancio Ortega portfolio consists of the Las Olas Veno building, a 46 -plants luxury apartment tower divided into 259 apartments in the center of Fort Lauderdale, for which it has paid 165 million dollars (about 145 million euros to change). Which leaves an average of 560,000 euros per housing. The building, finished in November 2024, has large common areas, swimming pools, gym, spa, leisure rooms and terraces. It is located about four kilometers from the beach of Las Olas, in a city known as the “Venice of America” for its network of channels and its tourist attraction. A pico for rent. The success of the purchase is not so much to have achieved the property at a “reasonable price”, but the High profitability of the area. As detailed in The building websitethe rentals in the Veneto the waves range between $ 4,411 per month for an apartment of 88 square meters with a bedroom and a bathroom, and the $ 15,440 per month for a two -bedroom duplex, three bathrooms and 191 square meters. Fort Lauderdale is a consolidated tourist destination, which guarantees a High demand for luxury housing. The port of the city is one of the most active in the reception of cruise ships and bearing large luxury yachts, which makes this place an attractive destination for real estate investments of the great fortunes that seek a new home in Florida with less fiscal load. It is not the most expensive building in Ortega. Veneto Las Olas is not the largest investment that Pontegadea has made in luxury residential buildings in the US, although it is the most relevant residential operation in Florida. According The published by El Confidencial, In September 2022, the Ortega real estate group closed the acquisition of a apartments skyscraper at number 19 of Dutch Street, in full Manhattan for 487.5 million dollars, to which another 15.9 million would be added for transmission taxes. In addition, in August 2023, Pontegadea bought the West Loop tower in Chicago, with 492 residences distributed over 45 floors, for 232 million dollars. The millionaire already had a presence in Florida after the Buy in 2016 of the Southeast Financial Center offices of Miami for 500 million dollars. A year earlier I had bought A commercial complex in Lincoln Road for 370 million dollars. 525 million in two months. With the closing of the Fort Lauderdale operation, PontegadeaIt gives folder to its fourth operation in just under two months, with a joint cost of 525 million euros. In March 2025, the purchase of the headquarters of the Clifford Chance law firm in Luxembourg was announced for a price of 60 million euros, such and As I counted The confidential. In May, The purchase was closed of the emblematic headquarters of the Editorial Planeta in the Diagonal of Barcelona for a price of 250 million euros. The penultimate operation of Pontegadea was made public only one week, with the purchase of An office building In the old port area of the Docklands, in Dublin, for a price of 70 million euros. All benefits, zero debt. It should be remembered that, unlike the rest of large real estate companies, Pontegadea does not need to issue debt to face these investments since Amancio Ortega’s real estate arm is the Main Dividend Receiver Obtained by the millionaire of his other empire: Inditex. In 2025, Pontegadea will receive a little less than 3,000 million euros for its 50,010% participation in the Inditex shareholders. All this capital has been allocated to real estate investments, which has resulted in one of the largest real estate in Spain, ahead of Colonial or Merlin, accumulating more than 120 properties in thirteen countries valued at 20,000 million euros, According to calculations of Europa Press. In Xataka | Amancio Ortega: the billionaire who lives as one more neighbor (except for private jets and superyates) Image | Gtres, Veneto Las Olas

The construction of the highest skyscraper in the world

April 19, 2025 by usatoday24

China is synonymous with Megaconstructions. In addition, in record time, but there are two countries that have been in a particular battle in which the concrete is the absolute protagonist. In 2010 the imposing Burj Khalifa was inaugurated, dethroning Taipei 101 as the tallest building in the world and giving the departure gun to a war between Arab Emirates and Arabia to see who made the vast skyscraper. And, although we have seen numerous skyscrapers in recent years, there are two that have between eyebrow and eyebrow over Creek Tower and the Jeddah Tower. And perhaps it is that ambition that the two projects are being carried ahead. The Saudi Jeddah Tower. It is one of the most ambitious projects in the world and it is expected that, when it is complete, it will become the highest building in the world. Saudi Arabia is clear that it must dethrone the Burj Khalifa of 828 meters with this tower that will exceed 1,000 meters high. How many exactly? We do not know, since although the works began in 2013, they go quite slowly. It will be a tower that will house a luxury hotel, residential apartments, offices and the highest observatory in the world and will feature a whopping 59 elevators, four of them with a double floor. Your designer? The American Adrian Smith, the same one who designed the Burj Khalifa with which he will have a certain resemblance. Dubai’s Creek Tower. This is much more recent, since the works began in 2016 and the data are much more diffuse. As Burj Khalifa, Creek Tower will be in Dubai and will be a very different construction from the other two towers. It will be more a recreational tower with restaurants, places to spend time and ten observation platforms (with glass floor to see the entire city. You can also house some luxury residences, but a very scarce number to be considered the “highest building in the world”, at least technically. And how much are we talking about? Between 828 meters and 1,400 meters. It is a huge fan, but what were clear is that it should exceed 828 of the city’s iconic megonstruction. The design is also peculiar, and the leading architect of the project is the “Recognized” Santiago Calatrava. Shared difficulties. The two constructions share more elements than it might seem. Both have a peculiar design, both are very high and both … have been drawing problems for years. For different reasons, yes. The construction of the Jeddah Tower It was arrested in 2018 due to the fight of the Royal House against administrative, political and real corruption. In a process known as ‘La Purga’, the heir prince created a committee that arrested 281 people. It was a tremendously controversial process because in parallel, it seems that a group of death operated to kill dissidents silently. The works officially resumed In February this year. In the case of Creek Tower, its inauguration was planned For some time of 2020, but COVID-19 forced to paralyze the work and construction has not yet raised head. In 2024 some project updates were made, confirming that the final height would be far from what was expected and, with a total of 745 meters, will not meet the objective of overcoming Burj Khalifa. The craziest plan. Now, although these two towers are colossal, there is a Saudi Arabia project that wants to leave them up to a normal and current residential block. It has no name, but an objective height: 2,000 meters. We only know which is something that is on the horizon and that will be the responsibility of the architects of Foster +. Partners And yes, it is an idea of the same country that is building The Mukaabhe Riad Airport and The Lineso it is sure they will try. Samsung, the silent winner. And although it is not very clear what the two countries intend with this particular battle of megaconstrucciones, the obvious thing is that there are companies that are filling the pockets with these projects. And beyond local construction companies and foreign architects, we must mention Samsung. Specifically, to the Samsung C&T Engineering and Construction Group division that is charge of the construction of Burj Khalifa and is in command of the Creek Tower. And they are not the only constructions of the South Korean division, since, within Vision 2030, the company advertisement In December of last year that the construction of the first Saudi Arabia subway system under Riyadh, a totally automated system without drivers and was ending 11 years with a total cost of more than 2.4 billion dollars. Images | Jeddah Tower, Emaar In Xataka | The tallest building never designed is a colossal (and theoretical) skyscraper of four kilometers: the X-Seed 4000

After a delay of seven years, Saudi Arabia takes up the works of the highest skyscraper in the world. Let’s see what lasts

February 23, 2025 by usatoday24

Saudi Arabia has become the Madrid of the ‘galacticos’, the Barcelona of the ‘Tiki-Taka’. When we talk about megaconstructions, the country plays in another league, a capable of shadowing the Almighty Manhattan. And it is evident when we see all those projects that have as hands like the imposing MUKAABthe huge Abraj al Bait tower watch or the ‘Boss’ end of urbanism: The Line. Another project is Jeddah Tower that, like The Line, It has been choking More than once to builders. But, after two threats to return to the work, now the final one has arrived: they have restarted the works of what will be the highest building in the world. Kingdom Tower. The Jeddah Tower, or Kingdom Tower, has an objective between eyebrow and eyebrow: make the Burj Khalifa 828 meters high. To do this, the same team of architects that built the Dubai skyscrapers is being in charge of this tower, which will be the jewel of the crown of the crown of the Vision 2030 Project and the heart of a new city that will rise around it. The construction began more than a decade ago, but although they advanced at a good pace, the planning was too optimistic. It was said that it would have been completed in 2018, but by then, the tower was not even close to completing. The reason? Delays due to labor problems and COVID-19 Pandemiabut above all to the purge of corruption of 2017. The purge. In 2018, the heir prince Mohammed Bin Salman created an anti -corruption committee with an objective: centralize political power. He had tired that different elites of the country handled the threads, so he created a system that ended with more than 380 arrests of entrepreneurs, ministers, princes and even members of his family, as his own mother. HE speak of death groups to murder dissidents and, in this purge to stop political corruption, extortion to officials and money laundering, foundations and first floors of the Jeddah Tower suffered the consequences, being frozen. Initial plans with the intention of release the tower in 2018 and a height comparison To the third is the defeated. At the end of 2023, the promoter invited local contractors to see which candidacy conquered him for the end of the work and, in October last year, a video made it clear that They moved on. The problem is that everything was very in the air … until now, when the company Kingdom Holding Companythe one behind the project has announced that construction has restarted. In it release before the press, They affirmed that they had already poured cement on the 64th floor and that they are using a cement application technique with which they can complete a floor every four days. 1,000 meters, more or less. It will have about 160 floors and we cannot speak with ownership of the matter because, really, it is not clear. It is curious that it is not known from the beginning how many floors the tower will have or how much it will measure, and in the last releaseThey explain that it will measure more than 1,000 meters high, but that it is something that will take place in the future. To every train. What seems invariable is that it will be a luxurious tower that will act as an epicenter of a new city. The skyscraper will house shops, offices, recreational spaces and hotels, such as Four Seasons. He also aspires to have the highest viewpoint in the world and is expected to be a structure covered with glass, such as an extremely elongated pyramid and with a base of three edges. It will be in an area of 5.3 million m² in which there will be hospitals, schools, universities, shopping centers and housing, as well as other high towers and, from the government, it has been confessed that they are open to any type of investment to develop The ambitious project. Investment? Welcome. They affirm that the financing has almost been completed, with the builders -binladin Group- financing the first part, the banks putting their grain of sand and other sources of capital that has preferred not to reveal (stating that it is something that they will do step by step). What has made it clear is that Binladin Group is “strongly supported by the government” and that they are open to any type of investment because it is a tower that will make the land around you increase their value. And not only the immediate, like that land of 5.3 million m², but the entire region. This is what they want to ride around them They have work ahead It is estimated that the Jeddah tower is completed by 2028 as part of Vision 2030 to diversify the economy of the country, but as this does not stop, they are already thinking about its following tower: one that will humiliate Jeddah with a height of two kilometers in Riadnear the imposing Rey Khalid International Airport. Images | Omarnizar05, Google Earth, Jeddah Tower In Xataka | Saudi Arabia is waste so much money in The Line that has entered deficit

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