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°E / 24.79194; 67.12750Coordinates: 24°47′31″N 67°07′39″E / 24.79194°N 67.12750°E / 24.79194; 67.12750
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/

External links

This article is issued from Wikipedia - version of the Friday, April 24, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.