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The Skysuites Tower

Coordinates:14°38′38″N121°02′11″E / 14.643889°N 121.036389°E /14.643889; 121.036389
From Wikipedia, the free encyclopedia

Mixed-use in Quezon City, Philippines
The Skysuites Tower
Map
Interactive map of The Skysuites Tower
Former namesGA Sky Suites
General information
StatusTopped-out
TypeMixed-use
LocationEpifanio delos Santos Avenue Cor.Quezon Avenue[1],Quezon City, Philippines
Coordinates14°38′38″N121°02′11″E / 14.643889°N 121.036389°E /14.643889; 121.036389
Construction started2007
Completed2019
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 asThe Sky Suites Corporate & Residential Towers,[2] is a 38-storey twin building complex inQuezon 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 construction of the building. The complex was completed in 2019.

Construction

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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 wasforeclosed 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 theRizal Commercial Banking Corporation.[5] Double Dragon announced in September 2014 that it has fully acquired the building after a 90 day 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

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Groundfloor in 2023

The Skysuites Tower is composed of two 38-storey towers upon a 2,812 square meter lot at the junction of EDSA andQuezon Avenue. 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] Its features include garden and podium lofts.

References

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

External links

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