The Central building by Onni has perhaps the most visually striking foundational architecture in Vancouver, as its supportive concrete columns extend from the diagonally positioned upper Skybridge down to the common courtyard below. Set for completion later this year, Central stands 22 storeys high, with 304 units ranging in sizes from 515 sqft to 1,470 sqft and prices from $356,900 to $1,398,900.
Hotel Vancouver and Royal York, both managed by Fairmont Hotels and Resorts, are up for sale by Caisse de dépôt et placement du Québec, Québec’s pension plan which manages nearly $300 billion in total assets.
It’s a move in an attempt to reduce Caisse’s investment footprint in hospitality, considered to be the riskier real estate asset class due to its volatility. The hotels will continue to be run by Fairmont, as new ownership structure is sought out.
The next building attempting to pierce the atmosphere is to be located in Jeddah, Saudi Arabia, aptly named Kingdom Tower. This will be the $1.2 billion centerpiece and the first construction phase of Kingdom City near the Red Sea. It would stand 3,280 feet high (1km or 1,000 metres), and sit 200 metres deep.