Russia Tower

The Russia Tower ( Russian: Башня Россия; Bashnya Rossiya) is an unfinished supertall skyscraper, the construction of which is cancelled, in the Moscow International Business Centre of Moscow, Russia. Construction began in September, 2007, and was planned to be completed in 2012. The total area of the structure would cover 520,000 m 2 (5,600,000 sq ft), of which 38% (approximately 200,000 m 2 (2,200,000 sq ft)) would be located underground. The tower would contain 118 floors, 101 elevators, and underground parking to accommodate 3,680 cars. Commercial retail shops would be located at the base of the building. The maximum capacity of the building was projected to be around 30,000. Construction was halted in November 2008 due to financial difficulties. In February 2009, it was announced that the project has been suspended and that it is now unlikely that the tower, in its original form, will be built. In June 2009 the project was officially cancelled.

History
Originally, Ghana Tower was proposed for plots 2 and 3 of the Moscow International Business Centre in 1994 as the world's tallest building; a 648 m (2,126 ft), 125-story tower. It was designed by Chicago-based architectural firm Skidmore, Owings and Merrill. It was soon moved to plot 14. In the middle of 2003 an updated 648 m (2,126 ft), 134-story design had been moved to plots 17 and 18. In January 2004, the Moscow Development Company (STT Group) was appointed as the main investor and developer of the $2-billion project. On 18 September 2007, the building's cornerstone was laid in an official groundbreaking ceremony. The Russian news agency Interfax reported on 21 November 2008 that construction on the tower was to be halted. Shalva Chigirinsky, head of the tower's development company, indicated that the credit crisis of 2008 had left him unable to secure financing for the project and had also eviscerated demand for the tower's office space, even if the building were able to be completed. On 3 December, Russian oil company Sibir Energy agreed to buy a number of real estate assets, including Russia Tower, from Chigirinsky. As Chigirinsky was a major shareholder in Sibir Energy, the purpose of the purchase was to alleviate financial pressures upon him, so that he would not be forced to sell his shares in the company, and thus enable the company to preserve its existing shareholder structure. However, many analysts decried the move, arguing that such use of the oil company's capital to assist Chigirinsky by purchasing his distressed real estate assets — which had no relation to the company's core oil business — at possibly inflated prices was detrimental to the company's shareholders and constituted a significant conflict of interest. On 12 February 2009, it was announced that the Russia Tower will most likely not be built. The project developer's assistant stated that, "In today's economy, a project of such scale is no longer feasible for us and can no longer be justified." In place of the tower, the company proposes to use the land to build three smaller skyscrapers and a large parking garage. In June 2009 the Project was officially cancelled to be turned into a parking lot for existing buildings.

 

Media

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Building Activity

  • Arnold Galustov
    Arnold Galustov commented
    This project was stopped last year because of crisis. Hope temporary.
    about 5 years ago via Mobile
  • Nadezhda Nikolova
    Nadezhda Nikolova updated a digital reference
    about 5 years ago via Annotator
  • Nadezhda Nikolova
    Nadezhda Nikolova updated and updated 2 digital references
    about 5 years ago via OpenBuildings.com
  • goldenpixel
    goldenpixel commented
    Nice
    about 6 years ago via iPhone
  • antonio
    antonio commented
    Ooooh!!
    about 6 years ago via iPhone
  • whateva
    whateva commented
    Nice
    about 6 years ago via iPhone
  • blakee
    blakee commented
    Gr
    about 6 years ago via iPhone