Property Futures

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Transatlantic Rivalry

Transatlantic Rivalry.

Transatlantic Rivalry

Exciting best describes the rivalry between New York and London. Who’s more money-obsessed? Who’s got groovier art? Who rocks harder? Who creates freakier fashion? (Hands down to London on that last one.)

This year, these two cities will unveil their behemoth monuments, the first for both in many years: London’s The Shardand New York’s One World Trade Center.

London The Shard

 

The Shard

Europe’s economic turmoil almost put this project on hold, but a consortium of Qatari investors came to the rescue and paid £150 million to acquire an 80% stake for the project. It became the tallest skyscraper in the European Union when it was topped out last year.

 

  • Address: 32 London Bridge Street, Southwark
  • Height (antenna/spire): 309.6 metres
  • Floor count: 95 (75 habitable)
  • Floor area: 110,000 square metres
  • Cost: £435 million (contract cost) Architect Renzo Piano Developer Sellar Property Group

 

 

NYC One World Trade CenterOne World Trade Center

Due to unconventional safety features, this tower that stands on the site of the 9/11 attacks exceeded its budget, which prompted the Port Authority of New York and New Jersey to implement a series of tunnel and bridge toll hikes to raise funds. It became the tallest skyscraper in the Western Hemisphere when it was topped out last year. As of September 2012, around 55% of the building had been leased.

  • Address: New World Trade Center Complex, Lower Manhattan
  • Height (antenna/spire): 546.20 metres
  • Floor count: 104 (plus 5 basement floors)
  • Floor area: 325,279 square metres
  • Cost: US$3.8 billion (Jan. 2012 estimate)
  • Architects: David Childs/Skidmore, Owings & Merrill Developers, Port Authority of New York and New Jersey
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This entry was posted on January 23, 2013 by in Future, Property and tagged , , , .

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