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
The Skysuites Tower
Interactive map of the The Skysuites Tower area
Former namesGA Sky Suites
General information
StatusCompleted
TypeMixed-use
Location Quezon City, Epifanio delos Santos Avenue Cor. Quezon Avenue [1] , Philippines
Coordinates 14°38′38″N121°02′11″E / 14.643889°N 121.036389°E / 14.643889; 121.036389
Construction started2007
Completed2019
Owner DoubleDragon Properties
(since 2014)
Height223 m
(732 ft)
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 twin building complex 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 construction of the building. The complex was completed in 2019.

Contents

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 Corporation (RCBC) in September 2010 after a ₱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 RCBC. [5] Double Dragon announced in September 2014 that it has fully acquired the building after a 90 day due diligence period. The building was renamed as The Sky Suites Corporate & Residential Towers, or simply the Skysuites Tower. [1] [2]

Architecture and design

Groundfloor in 2023 The Skysuites Tower (QC Metro Manila) 04.jpg
Groundfloor in 2023

The Skysuites Tower is composed of a 38-storey semi-circular tower and a 26-storey curvilinear tower upon a 2,812 square meter lot at the junction of EDSA and Quezon Avenue. The semi-circular tower is for residential use and the curvilinear tower is for office use. The two towers are connected by a parking and commercial podium. [1] Its features include garden and podium lofts.

References

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