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| Gulf developer to start building $600-million Beirut complex By Lysandra Ohrstrom Daily Star staff Saturday, October 14, 2006 BEIRUT: Construction of the $600-million Beirut Gate commercial and residential complex, one of the biggest planned developments in Lebanon's history, is expected to move forward close to schedule, proving the resiliency of the country's luxury real-estate market. The executive director of Abu Dhabi Investment House (ADIH), the company financing the eight-building complex near Martyrs Square, told reporters on Friday that master-plans will be submitted for approval to Solidere and the Order of Engineers and Architects within a week. "Despite recent events we are right where we want to be and the project is still on target," said Nicholas Fraser, adding that the ADIH will be able to recoup the losses from the eight-week delay. "The Beirut Gate will not only guarantee job creation, but will show the international community that Beirut is open for business," he said. To promote the Beirut Gate and encourage investors, ADIH is going on a publicity blitz throughout the Gulf and featuring the project at the MIPIN property convention in Cannes this year. ADIH-commissioned French architect Christian de Portzamparc and US firm Aquitectonica are to design six of the eight buildings. Lebanese architect Nabil Gholam and the ERGA group will be responsible for the other two. A master plan for one of the plots has been approved by Solidere, said Fraser, and the four architects are meeting over the next two days to finalize the remaining seven designs. Though ADIH's decision to go ahead with the development is a welcome sign of confidence in the Lebanese market, the Beirut Gate project has stoked a fair bit of controversy from the start because it includes the site of the Beirut City Center Building, better known as "the dome," an icon of 1960s "blob" architecture and an emblem of Beirut's modernist era. The former movie theater was slated for demolition in 2003, but saved in 2004 thanks to a rehabilitation scheme commissioned by Solidere and designed by Lebanese architect Bernard Khoury. Ineke Zondag of ADIH said the dome would be demolished on Friday, but sources at Solidere said they were unaware of any plans to take down the building so soon. No demolition work was in evidence on the site itself. In its master plan for the city center, Solidere has designated the site for cultural use, though whether or not such designations are actually legally binding remains an open question. The dome is included in some of ADIH's simulations of the completed Beirut Gate complex. "It's being taken down and in a neighboring plot they will build a cultural space below ground as a substitute," Zondag said on behalf of Michael Lawrence, the managing director of real estate for ADIH. Nasser Chama, the chairman of Solidere, endorsed the project at the news conference, saying it "underlines that Beirut's city center remains an attractive and profitable magnet for real-estate investment." Fraser also insisted that a Solidere representative has attended each workshop to offer input on the final building plans.
__________________ Beirut, Lebanon ~ "The Paris of the Middle East" Last edited by Beirut!; 14th October 2006 at 01:58. | |||||||||||
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| | #7 | |||||||||||
| Latinamerican Pioneer ![]() Join Date: Oct 2006 Location: BAQ-BOG-CTG, Colombia
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| Nice project! any project is over 200 mts in Lebanon?
__________________ LIBERTAD Y ORDEN: PILARES FUNDAMENTALES PARA TODA SOCIEDAD, INCLUIDA LA VIRTUAL Un nuevo Comienzo...desde las cenizas.. | |||||||||||
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| | #8 | |||||||||||
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| Unfortunately no, not at the moment. The highest will be the Landmark at over 160m.
__________________ Beirut, Lebanon ~ "The Paris of the Middle East" | |||||||||||
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| yes,exactly 168 meters | |||||||||||
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__________________ Beirut, Lebanon ~ "The Paris of the Middle East" | |||||||||||
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