The Skysuites Tower
| The Skysuites Tower | |
|---|---|
| Former names | GA Sky Suites |
| General information | |
| Status | On hold |
| 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.
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
- ↑ 1.0 1.1 1.2 1.3 Lazo, Kristyn Nika (1 September 2014). "DoubleDragon expects P5.2B revenue from Skysuites Tower". The Manila Times.
- ↑ 2.0 2.1 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.
- ↑ 5.0 5.1 "DoubleDragon to buy RCBC-foreclosed Globe Asiatique property on EDSA". GMA News. 28 May 2014. Retrieved 1 January 2015.
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