The Skysuites Tower, also known as The Sky Suites Corporate & Residential Towers,[2] is a 38-storey twin building complex under construction in Quezon City. Construction of the building was on hold for a while after its original owner, Globe Asiatique, got involved in a scam. The new owner, DoubleDragon Properties, acquired the building in 2014 and resumed the construction of the building.
| The Skysuites Tower | |
|---|---|
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(2018-02-07).jpg) | |
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| Former names | GA Sky Suites |
| General information | |
| Status | Topped-out |
| Type | Mixed-use |
| Location | Quezon City |
| Address | Epifanio delos Santos Avenue Cor. Quezon Avenue[1] |
| Country | Philippines |
| Coordinates | 14°38′38″N 121°02′11″E / 14.643889°N 121.036389°E |
| Construction started | 2007 |
| Completed | 2019 |
| Owner | DoubleDragon Properties (since 2014) |
| Technical details | |
| Floor count | 38 |
| Grounds | 2,811.60 square meters (30,264 sq ft)[1] |
| Design and construction | |
| Developer | DoubleDragon Properties (since 2014) |
| Website | |
| www | |
Construction
editGlobe Asiatique commenced the construction of the building then named G.A. Sky Suites, in 2007.[3] Construction of the nearly complete building was put into hold when the G.A. Sky Suites was foreclosed by the Rizal Commercial Banking Corp. (RCBC) in September 2010 after ₱6.6 billion scam case was filed on Delfin Lee the owner of Globe Asiatique. Lee was accused of devising ghost borrowers to gain ₱6.6 billion worth of housing loans from Pag-IBIG Fund.[4] The land title of the building was transferred to RCBC in December 2010.[5]
In May 2014, DoubleDragon Properties began efforts to acquire the building from the Rizal Commercial Banking Corporation.[5] Double Dragon announced in September 2014 that it has fully acquired the building after a 90 due diligence period. The building has been renamed as The Sky Suites Corporate & Residential Towers, or simply the Skysuites Tower[1][2]
Architecture and design
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The Skysuites Tower is composed of two 38-storey towers upon a 2,812 square meter lot at the junction of EDSA and Quezon Avenue. One of the two towers will be a semi-circular tower for residential use and the other will be a curvilinear tower for office use. The two towers will be connected with a parking and commercial podium.[1] Its features include garden and podium lofts.
References
edit- ^ a b c d Lazo, Kristyn Nika (September 1, 2014). "DoubleDragon expects P5.2B revenue from Skysuites Tower". The Manila Times.
- ^ a b Mercurio, Richmond (December 11, 2014). "DoubleDragon secures 14th site for community mall chain in Bacolod". The Philippine Star. Retrieved January 1, 2015.
- ^ Diaz, Conrado Jr. (November 16, 2009). "Globe Asiatique's Delfin Lee: Redefining mass housing in the Philippines". The Philippine Star. Retrieved January 1, 2015.
- ^ Austria, Jenniffer (May 29, 2014). "DoubleDragon buying Globe Asiatique tower in Quezon City". Manila Standard Today. Retrieved January 1, 2015.
- ^ a b "DoubleDragon to buy RCBC-foreclosed Globe Asiatique property on EDSA". GMA News. May 28, 2014. Retrieved January 1, 2015.
External links
edit
Media related to The Skysuites Tower at Wikimedia Commons- The SkySuites Towers
- The SkySuites Towers DoubleDragon
