The Skysuites Tower

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The Skysuites Tower
The Skysuites Tower logo.png
Skysuites Tower and DILG-Napolcom Center (EDSA cor. Quezon Avenue, Quezon City)(2018-02-07).jpg
Former namesGA Sky Suites
General information
StatusTopped-out
TypeMixed-use
LocationQuezon City
AddressEpifanio delos Santos Avenue Cor. Quezon Avenue[1]
CountryPhilippines
Coordinates14°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 started2007
Completed2018/2019
OwnerDoubleDragon Properties
(since 2014)
Technical details
Floor count38
Grounds2,811.60 square meters (30,264 sq ft)[1]
Design and construction
DeveloperDoubleDragon Properties
(since 2014)
Website
www.theskysuitestowers.com

The Skysuites Tower, also known as 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]

In May 2014, DoubleDragon Properties began efforts to acquire the building from the Rizal Commercial Banking Corporation.[5] Double Dragon announced in 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. ^ a b c d Lazo, Kristyn Nika (1 September 2014). "DoubleDragon expects P5.2B revenue from Skysuites Tower". The Manila Times.
  2. ^ a b 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. ^ a b "DoubleDragon to buy RCBC-foreclosed Globe Asiatique property on EDSA". GMA News. 28 May 2014. Retrieved 1 January 2015.
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