The Skysuites Tower
| The Skysuites Tower | |
|---|---|
| Former names | GA Sky Suites |
| General information | |
| Status | Under construction |
| Type | Office, Residential |
| 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°ECoordinates: 14°38′38″N 121°02′11″E / 14.643889°N 121.036389°E |
| Construction started | 2007 |
| Owner | DoubleDragon Properties Corp. |
| Technical details | |
| Floor count | 38 |
| Grounds | 2,811.60 square metres (30,264 sq ft)[1] |
The Skysuites Tower, also known as the The Sky Suites Corporate & Residential Towers,[2] is a 38 storey twin building complex under construction in Quezon City. Construction of the building has been on hold after its original owner, Globe Asiatique got involved in a scam. DoubleDragon Properties recently acquired the building which was previously owned by Globe Asiatique and resumed the construction of the building.
Construction
Globe Asiatique commenced the construction of the 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 P6.6-billion scam case was filed on Delfin Lee the owner of Globe Asiatique. Lee was accused of devising ghost borrowers to gain P6.6 billion worh of housing loans from Pag-IBIG Fund.[4] The land title of the building was transferred to RCBC in December 2010.[5]
On May 2014, DoubleDragon Properties began efforts to acquire the building from Rizal Commercial Banking Corp.[5] Double Dragon announced on September 2014 that it has fully acquired the building after a 90 due diligence period. The building has been rebranded as The Sky Suites Corporate & Residential Towers, or simply the Skysuites Tower[1][2]
Architecture and Design
The Skysuites Tower composed of two 38 storey towers. 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]
References
- 1 2 3 4 Lazo, Kristyn Nika (1 September 2014). "DoubleDragon expects P5.2B revenue from Skysuites Tower". The Manila Times.
- 1 2 Mercurio, Richmond (11 December 2014). "DoubleDragon secures 14th site for community mall chain in Bacolod". The Philippine Star. Retrieved 1 January 2015.
- ↑ Diaz, Conrado Jr. (16 November 2009). "Globe Asiatique's Delfin Lee: Redefining mass housing in the Philippines". The Philippine Star. Retrieved 1 January 2015.
- ↑ Austria, Jenniffer (29 May 2014). "DoubleDragon buying Globe Asiatique tower in Quezon City". Manila Standard Today. Retrieved 1 January 2015.
- 1 2 "DoubleDragon to buy RCBC-foreclosed Globe Asiatique property on EDSA". GMA News. 28 May 2014. Retrieved 1 January 2015.
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