Crescent Bay, Karachi
Crescent Bay | |
---|---|
General information | |
Status | Under construction |
Type |
Residential Commercial Retail |
Location | Karachi, Pakistan |
Coordinates | 24°47′31″N 67°07′39″E / 24.79194°N 67.12750°ECoordinates: 24°47′31″N 67°07′39″E / 24.79194°N 67.12750°E |
Construction started | 2006 |
Estimated completion | 2015 |
Cost | $2.4 billion |
Design and construction | |
Architect | Emaar Properties |
References | |
Emaar Pakistan - Official website |
Crescent Bay is a 75-acre (300,000 m2) development featuring high and mid-rise towers for residential and commercial use, a shopping centre and five-star beachfront hotel in Karachi, Pakistan. Launched on May 31, 2006 as part of a US$2.4 billion investment in Pakistan by Emaar properties. The towers will contain approximately 4,000 residential apartments.
Crescent Bay 1 will feature a hotel at the northernmost tip of the property, fronted by a long stretch of public beach.
Crescent Bay 2 will be the most urban of the districts, with a Waterfront Retail Arcade running along the beach. Most of the residential towers are found in this neighbourhood, interspersed by parks, play areas and sports facilities.
Crescent Bay 3 is one of the residential neighbourhoods, with controlled vehicle access, a waterfront promenade and residential towers.
The liquidity crisis faced by Emaar Properties in the UAE has had an impact on the timeline for the completion of the project.
See also
The crescent bay project is taken over by DHA Karachi. http://tribune.com.pk/story/204627/dha-takes-over-crescent-bay-project-on-the-rocks/