The Skysuites Tower

The Skysuites Tower

The building under construction, July 2016.
Former names GA Sky Suites
General information
Status Under construction
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°E / 14.643889; 121.036389Coordinates: 14°38′38″N 121°02′11″E / 14.643889°N 121.036389°E / 14.643889; 121.036389
Construction started 2007
Owner DoubleDragon Properties
(since 2014)
Technical details
Floor count 38
Grounds 2,811.60 square metres (30,264 sq ft)[1]
Website
www.theskysuitestowers.com.ph

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 was on hold for a while after its original owner, Globe Asiatique, got involved in a scam. The new owner, DoubleDragon Properties, acquired the building in 2014 and resumed the construction of the building.

Construction

Globe Asiatique commenced the construction of the building then named 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 ₱6.6 billion scam case was filed on Delfin Lee the owner of Globe Asiatique. Lee was accused of devising ghost borrowers to gain ₱6.6 billion worth 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 the Rizal Commercial Banking Corporation.[5] Double Dragon announced on September 2014 that it has fully acquired the building after a 90 due diligence period. The building has been renamed as The Sky Suites Corporate & Residential Towers, or simply the Skysuites Tower[1][2]

Architecture and Design

The Skysuites Tower is 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. 1 2 3 4 Lazo, Kristyn Nika (1 September 2014). "DoubleDragon expects P5.2B revenue from Skysuites Tower". The Manila Times.
  2. 1 2 Mercurio, Richmond (11 December 2014). "DoubleDragon secures 14th site for community mall chain in Bacolod". The Philippine Star. Retrieved 1 January 2015.
  3. Diaz, Conrado Jr. (16 November 2009). "Globe Asiatique's Delfin Lee: Redefining mass housing in the Philippines". The Philippine Star. Retrieved 1 January 2015.
  4. Austria, Jenniffer (29 May 2014). "DoubleDragon buying Globe Asiatique tower in Quezon City". Manila Standard Today. Retrieved 1 January 2015.
  5. 1 2 "DoubleDragon to buy RCBC-foreclosed Globe Asiatique property on EDSA". GMA News. 28 May 2014. Retrieved 1 January 2015.
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