Çiftçi Towers
About
The Çiftçi Towers Project is located at the junction of Zincirlikuyu and Gayrettepe in Istanbul. The towers location atop a hill provides vast if controversial views of the Bosphorus, Beşiktaş and other surrounding areas. The two towers are situated atop a 25,000 m deck which contains a currently unfinished and vacant commercial space. Two 45-story towers sit on the deck containing 292,000 m of space. The project includes approximately 84,000 m of residences, 10,000 m of office, 68.000 m of commercial area. The project contains 2,500 indoor parking spaces in an underground parking deck. The two structures contain 288 apartments.
The project was developed by Çiftçiler Gayrimenkul, Türkerler İnşaat and engineered by Arup.
History
The foundation of Çiftçi Towers was laid in 2012. Two 45-story, 180-meter tall towers were built on a 23,000 m of land between Büyükdere Street and Barbaros Boulevard in Beşiktaş. Upon inspection, employees of the Beşiktaş Municipality determined that an additional 3,000 m of usage area was created on the roofs of the two towers. Those inspectors also determined that 4 additional shops, each 350 m in size were built in the garden area at ground level. As a result of this dispute and other zoning violations, the municipality put a stop work order on the project.
The developer of the project applied to the Ministry of Environment and Urbanization as part of a zoning amnesty. Per the zoning peace arrangement, a demolition order for the extra portions of the building was canceled. The delay in project delivery created a new set of lawsuits between individuals who bought apartments and the developer citing delays and demands for refunds. The removal of the stop order work allowed for the project to reach a stage of substantial completion.
The project was not only weighed down by zoning violations and lawsuits from buyers but also among the heirs of the developer. After the death of Tahsin Çiftçi, the founder of the development group, in 2000, a protracted legal process began among his heirs. Various foreclosure and enforcement lawsuits were also filed for real estates such as Ragıp Paşa Mansion, villas in Yeniköy and Polat Çiftçi Tower in Şişli. The ongoing lawsuits have prevented the completion of the project leading to legal issues with lenders.
The nearly completed project was put up for sale in April 2022. The project was put up for sale at the request of creditors. Started in 2012, the project remains vacant as of 2022.
References
- ^ "ÇİFTÇİ TOWERS - Türkerler Holding". www.turkerler.com.
- ^ "Multidisciplinary Engineering Services for Ciftci Towers - Arup". www.arup.com.
- ^ Oksijen, Gazete (April 23, 2022). "Çiftçi Towers icradan satışa çıkartıldı". gazeteoksijen.com.
- ^ "Çiftçi Towers'taki gerilim adliyeye taşındı! - 17-02-2021". emlakkulisi.com.