Libeskind Tower in Toronto Nabs Award, Even With Crane Left Atop
(Bloomberg) -- The 59-story L Tower condominium building, with its long smooth curve on one side, has quickly become a Toronto landmark. Today, real estate data company Emporis announced that the building, designed by architect Daniel Libeskind's studio, won the No. 8 spot on its list of best new skyscrapers -- even with a construction crane still perched on the top floor long after the tower's completion.
The crane prompted speculation among residents and developers that the building remained under construction or that workers didn't know how to get it down. Sam Crignano, president of developer Cityzen Development Group, said that the real reason is that the crane --Â actually a derrick, despite its appearance -- will be used to install building maintenance equipment, but halfway through construction, the firm hired to build and install the unit reneged on the agreement. A new contractor will be shipping the equipment early next year, and by February it will be installed using the derrick.
After that, the derrick will be removed, Crignano said -- as soon as weather permits.
To contact the reporter on this story: Katia Dmitrieva in Toronto at edmitrieva1@bloomberg.net.
To contact the editors responsible for this story: Daniel Taub at dtaub@bloomberg.net, Christine Maurus
©2017 Bloomberg L.P.
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
-
You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
-
Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
-
FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
-
Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
-
India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
-
When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
-
Wrong Labels, High Pesticide Residues Holding Back Agri Exports | The Reason Why
India needs stronger domestic food-safety and labelling standards, with best practices becoming part of everyday business for farmers, traders and food companies.
