Elbtower
History and 2023 Construction stop
The government of Hamburg (Senat of Hamburg) first presented the project in March 2017 at the Marché International des Professionnels de l’immobilier. Its mostly finalised design was presented in February 2018 by Hamburg's then First Mayor Olaf Scholz and representatives of the HafenCity Hamburg GmbH and its investors.
The building is being built on a prominent urban site on the north bank of the Norderelbe river and thus mark the entrance to the inner city. The site is bordered by several bridges crossing the Norderelbe.
Construction began in 2021 and was expected to be completed in 2026. According to estimates, the construction costs amount to 700 million euros.
The State bank Helaba played a central role in the construction project of Elbtower. As became known after the bankruptcy of the Signa Group, the government of Hamburg only wanted to sell the property on the edge of Hafencity on the condition that there were already secure tenants for part of the area. Helaba then took over the required pre-letting quota as a so-called “suitable financier”. Only then did the city of Hamburg sell the property to Signa.
In November 2023, Reuters reported that construction had been halted apparently because the main developer, Signa Prime, a Rene Benko company, had failed to make its payments to Lupp, the construction company. If Signa fails to meet its contractual obligations, the City of Hamburg may issue penalties and claim repurchases rights.
In December 2023 it became public that Signa Holding is bankrupt.
Design
The tower was designed by Christoph Felger from David Chipperfield Architects, an English architecture firm known for a lower high-rise project in Hamburg, namely the Empire Riverside Hotel.
The Elbtower covers a footprint approximately in the shape of an isosceles right triangle, with the hypotenuse of this triangle parallel to the shore of the Upper Harbor Canal to the northeast, while the legs are to the west and south.
The design consists of a comparatively large, four to five-storey pedestal, on top of which the next six to seven floors are more and more recessed to form the base of a slender, approximately 64-storey tower figure. The top eight floors of the tower once again take up the theme of flowing gradation, gradually dodging northeast. Due to the complex geometry of the structure, depending on the place of observation, different urban development effects will result.
Reception
The project receives both support and opposition from the public and political representatives. Chancellor Olaf Scholz, then Mayor of Hamburg, championed the project. While the ruling SPD and the opposition parties CDU and FDP welcomed these plans, the Greens expressed skepticism as a coalition partner of the SPD.
Critics pointed out that the renovation and development of existing buildings such as the Heinrich Hertz Tower (Hamburg's TV tower) and the Bismarck monument should take precedence over new prestige projects. The Senate responded to this criticism with the announcement of a transparent construction project and in particular a purely private financing of the project.
Further criticism refers to the more fundamental urban development question as to whether a skyscraper of the planned construction volume fits in with Hamburg's building tradition. There are also concerns that the project—similar to other major local and national projects, such as the Elbphilharmonie, which opened about a year before the presentation of the draft—could, depending on the contractual details, put another huge financial burden on the city.
See also
References
- ^ Kapalschinski, Christoph (8 February 2018). "Hamburg bekommt das dritthöchste Haus Deutschlands". Handelsblatt (in German). Archived from the original on 19 May 2022. Retrieved 24 April 2023.
- ^ ""Elbtower " – Eine elegante Hochhaus-Ikone für Hamburg". hamburg.de (in German). 8 February 2018. Archived from the original on 10 June 2022. Retrieved 24 April 2023.
- ^ "Signa to develop €700m Elbtower in Hamburg". PropertyEU. 9 February 2018. Archived from the original on 25 April 2023. Retrieved 24 April 2023.
- ^ Mußler, Hanno; Preuß, Susanne (2023-12-06). "Signa-Insolvenz und die Helaba: Ihre Rolle beim Elbtower". FAZ.NET (in German). ISSN 0174-4909. Retrieved 2023-12-08.
- ^ Tom Sims (November 3, 2023). "Hamburg skyscraper construction halted in grim sign for German property sector". Reuters. Retrieved December 2, 2023.
- ^ Laura Malsch (November 11, 2023). "Billionaire Benko's Property Woes Risk Leaving Scars in Hamburg". Bloomberg. Retrieved December 2, 2023.
- ^ Kummerfeld, Claudio (2023-12-07). "Signa-Pleite: 8 deutsche Sparkassen auf Gläubigerliste". finanzmarktwelt.de (in German). Retrieved 2023-12-08.
- ^ Ravenscroft, Tom (13 February 2018). "David Chipperfield wins competition to design Hamburg's tallest tower". Dezeen. Archived from the original on 29 June 2022. Retrieved 24 April 2023.
- ^ Schirg, Oliver (10 March 2017). "Zu hoch? Hamburg streitet um den "Elbtower"". Hamburger Abendblatt (in German). Archived from the original on 21 April 2022. Retrieved 24 April 2023.
- ^ Lorenz, Markus (10 March 2017). ""Größenwahn" oder "große Chance": So reagiert Hamburg auf den "Elbtower"". SHZ (in German). Archived from the original on 25 April 2023. Retrieved 24 April 2023.
- ^ ""Elbtower" – Hamburg baut Megahochhaus in HafenCity". Welt (in German). 8 March 2017. Archived from the original on 21 April 2022. Retrieved 24 April 2023.
External links
