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Hydrogen Powered High-Rise In Cairo Is Getting Closer To Breaking Ground

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Hydrogen Powered High-Rise In Cairo Is Getting Closer To Breaking GroundThe Forbes International Tower, first announced in January 2023, is slated to be one of the first skyscrapers primarily powered by hydrogen. The building, designed by Adrian Smith + Gordon Gill Architecture will be constructed in Cairo Capital, a new city planned 45 kilometers east of Cairo. Cairo Capital, the new city housing the tower, is being developed to accommodate 6.5 million people, addressing Egypt’s growing population needs. This building is expected to be the first net-zero building in the Middle East and North Africa (MENA) region and will generate around 25 percent of its energy through solar panels, while the remaining energy will be supplied by hydrogen, effectively eliminating carbon emissions from the building. The tower will use a Liquid Organic Hydrogen Carrier (LOHC) system, which transports hydrogen through organic compounds that absorb and release it as needed. This system, combined with solar power, will enable the tower to achieve its net-zero status. The developer of the project highlighted the significance of clean hydrogen as the future of electricity generation and emphasized the tower’s role in leading innovations for energy efficiency and zero-carbon emissions. It is scheduled to begin construction in 2025, with completion targeted for 2030. Learn more at PBC Today

30-Story Building For Student Housing Approved In West London

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30-Story Building For Student Housing Approved In West LondonPlanning consent for a 30-story student high-rise in Park Royal, west London has been approved by the Old Oak and Park Royal Development Corporation. Located just to the north of Acton Town Centre, the full scheme will provide 888 studio units for students, amenity and teaching spaces, 2,000 square meters of workspace, and 32 affordable homes. Consisting of two buildings, the design has a main triangular high-rise on Park Royal Road and a smaller nine-story block to the south that will contain the affordable housing and commercial space. The designs further plan to enhance green public spaces and revitalize the area with upgraded travel connections and urban streeet frontages. Learn more about this story at Urban Living.

Plans For 37-Story Build-To-Rent Skyscraper In Birmingham Approved

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Plans For 37-Story Build-To-Rent Skyscraper In Birmingham ApprovedBirmingham's city council has approved plans for a 37-story build-to-rent skyscraper on Hagley Road in Edgbaston, designed by Fuse Studios for Calthorpe Estates and Moda Living. The tower will house 462 apartments, meeting spaces, and gyms, and will be replacing the vacant office building at No. 1 Duchess Place. The development is part of the larger 1,600-home New Garden Square masterplan, aiming to revitalize the city’s edge with modern, high-density residential options. Despite some objections due to its proximity to grade II-listed villas, the project received the green light after a financial contribution of £1.9 million was committed by the developers to support off-site affordable housing. The council's report acknowledged the urban transformation of the area, noting that the benefits of the project, including housing provision and the potential to become a local landmark, outweigh the concerns about its impact on nearby historic buildings. The approval is contingent on meeting conditions related to flood assessments and an evaluation by Birmingham Airport. Learn more about this story at the BBC.

Riyadh To Build 130-Meter Building For Sporting Activities

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Riyadh To Build 130-Meter Building For Sporting ActivitiesThe approval of the 130-meter Global Sports Tower in Riyadh, a centerpiece of the Sports Boulevard project, aligns with Saudi Arabia's Vision 2030. This iconic structure, endorsed by the Sports Boulevard Foundation under Crown Prince Mohammed bin Salman, symbolizes the Kingdom's commitment to enhancing quality of life and promoting sports culture. The Global Sports Tower will feature over 30 sports facilities within its 84,000 square meters, including a 98-meter indoor climbing wall and an elevated digitized running track that will offer athletes real-time performance data to improve their training sessions while enjoying views of Riyadh. The tower's design blends Salmani architecture with modern innovation, reflecting Riyadh's cultural heritage. Emphasizing sustainability, the construction will use advanced technologies and eco-friendly materials, setting a new standard for green building in the region. Learn more about this story at Construction Review Online.

Building To Be Converted To Residential With 40 Percent Designated Affordable In London, Canada

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Building To Be Converted To Residential With 40 Percent Designated Affordable In London, CanadaNearly one in three downtown offices in the Canadian city of London are empty, as the vacancy rate has reached over 30 percent for the first time, stated in a new report released by CBRE in July 2024 looking at the second quarter of 2024 real estate properties. According to CBRE, about 100,000 square feet (9,290 square meters) of office space has become available in the core area within the last three months, driving up the total. This has been said to be mainly because businesses are looking to sublet their offices to other users. While downtown office space remains underutilized, some properties are being converted to residential units, including the former office building at 195 Dufferin Avenue. Developer Sifton Properties is transforming this site into 94 residential units, with 40 percent designated as affordable housing. This $20 million CAD conversion is part of a broader trend supported by city incentives aimed at revitalizing this downtown city. Learn more about this story at the London Free Press.

Brisbane’S Kangaroo Point Residential High-Rise Increases Height

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Brisbane’S Kangaroo Point Residential High-Rise Increases HeightPlans have been filed to increase the height of an approved apartment tower in Brisbane's Kangaroo Point from 15 to 22 stories. The updated proposal, for the site at 51 Darragh Street, seeks to expand the development's residential capacity from 49 to 65 apartments, focusing on three and four-bedroom units to address a market gap in the area. The Brisbane City Council initially approved the plans a year ago. The revised design maintains the original tower footprint and setbacks, aligning with the Kangaroo Point Peninsula Neighbourhood Plan and aiming to enhance river and city views. Over 73 percent of the site will be dedicated to recreation and landscaping, including tennis courts, a lap pool, and a rooftop area with a pool, lounge, and barbecue facilities. Parking will be increased to 115 car spaces and 111 bicycle spaces. Learn more about this story at the Urban Developer.

Original 7-Story Design In Toronto Jumps To A 42-Story Building

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Original 7-Story Design In Toronto Jumps To A 42-Story BuildingThe proposed residential tower at 2810 Bayview Avenue in Toronto has evolved from a seven-story design to a 42-story high-rise, in response to Ontario’s designation of Major Transit Station Areas (MTSAs). The new developers’ Official Plan and Zoning By-law Amendment application for the new vertical density totals a Gross Floor Area (GFA) of 30,196m², resulting in a Floor Space Index (FSI) of 12.98. This newly designed 138.33-meter high-rise will feature 539 residential units and 1,887 square meters of amenity space. A six-story podium will provide retail and community spaces, and three levels of underground parking will accommodate 136 vehicles and 406 bicycles. The site, less than a five-minute walk from Bayview station on the Sheppard Line 4, offers strong connectivity to Toronto’s transit network and is near potential subway extensions. Sitting on a 2,326 square meter site, the development reflects the area’s shift from suburban housing to a transit-oriented community since the Sheppard Subway Line’s opening in 2002. Learn more about this story at Urban Toronto.

Historic Houston Buildings Acquired In Foreclosure Sale

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Historic Houston Buildings Acquired In Foreclosure SaleThe historic Esperson buildings, the 31-story Niels Esperson Building, built in 1927 at 808 Travis Street, and the 19-story Mellie Esperson Building, completed in 1941 at 815 Walker Street were acquired in a foreclosure sale on Tuesday, August 6, 2024. The buildings, known for their Italian Renaissance architecture, were foreclosed by the lender MetLife after being owned by an affiliate of Houston-based Cameron Management for over a decade. Located in Downtown Houston, the the buildings are bounded by Walker, Rusk, Travis, and Milam streets. The real estate market’s current distress, marked by rising vacancies and declining property values, led to the foreclosure. The Esperson buildings were previously marketed for sale in 2020/2021 with an unofficial asking price of US $65 million. However, due to the post-COVID downturn, Interra Capital Group, the buyers in the foreclosure sale, acquired the property for a significantly lower price. The final financial terms have note been disclosed. Interra Capital has retained Cameron Management to manage the property during the transition. As vital city landmarks, the properties spans over 600,000 square feet (55,742 square meters) and are renowned for its intricate terracotta detailing, dramatic columns, and stunning cornices. The buildings were constructed in the early 20th century by Mellie Esperson for her husband Niels, a real estate and oil tycoon. The Esperson buildings have been a focal point of Houston’s skyline, offering a blend of office spaces and commercial venues, including tunnel space for retail. Learn more about this project at Reality News Report

Nairobi Twin Towers Have Started Construction

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Nairobi Twin Towers Have Started ConstructionConstruction recently started in Nairobi for two 22-story high-rises that will eventually house the Tanzanian embassy. Plans for the 88.75 meter project were announced by the Tanzanian Minister of Foreign Affairs and East African Cooperation in June 2024 and this investment highlights the strengthening economic ties between Tanzania and Kenya and underscores Tanzania's commitment to commercial diplomacy within the East African Community. The twin buildings are located in Upper Hill, Nairobi, and in addition to holding the Tanzanian embassy, it will have residences and offices. The project, a collaboration between Tanzania's Ministry of Foreign Affairs and NSSF, aims to save on rental expenses and generate foreign currency for the government. The project is expected to enhance the Nairobi skyline and become a symbol of Tanzanian-Kenyan relations. Globally, Tanzania owns 101 buildings and plots, many in prime locations. Intentions by the Tanzanian government are to develop these assets using professional real estate entities to improve embassy quality and generate income. Currently, Tanzania spends TZS 29 billion annually on embassy rentals but expects to earn TZS 36 billion per year from these new investments. The goveernment additionally has plans to develop properties in Lusaka, London, and New York City in the future. Learn more about this project at ChimpReports

D.C. Office Building Sold With Plans For Conversion To Housing

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D.C. Office Building Sold With Plans For Conversion To HousingSale of a 190,385-square-foot (17,687 square meter) Class B office building at 1201 Connecticut Avenue NW, located in Washington, D.C.’s Dupont Circle neighborhood recently occured with the intention for the building to be converted into a multifamily community. The Lescaze-designed original building has a tremendous amount of character and is meaningful to Dupont Circle and the surrounding communities. The property is situated at the intersection of Connecticut Avenue, Rhode Island Avenue, and M Street, providing excellent public transit access. It is within walking distance of the Dupont Circle, Farragut North, and Farragut West Metro stations, which connect to the red, blue, orange, and silver lines of the DC Metrorail system.Dupont Circle is a vibrant area with over 22,000 residents, 150 restaurants, 80 shops, and 70 embassies. The neighborhood is surrounded by popular residential areas such as Adams Morgan, the 14th Street Corridor, Logan Circle, and Shaw. Marc Dubick, President of Duball, LLC, who purchased the property, highlighted the company's commitment to supporting Washington, D.C.'s goal of increasing housing opportunities through an office-to-residential conversion. JLL Capital Markets completed the US $21.5 million sale and the seller, a subsidiary of BrightSpire Capital, Inc., was represented by JLL in the transaction, with the buyer being an affiliate of Duball, LLC. Learn More about this project at Yield Pro