The Skysuites Tower
| The Skysuites Tower | |
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The building under construction, October 2016.
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| Former names | GA Sky Suites |
| General information | |
| Status | Under construction |
| Type | Mixed-use |
| Location | Quezon City |
| Address | Epifanio delos Santos Avenue Cor. Quezon Avenue |
| Country | Philippines |
| Coordinates | 14°38′38″N 121°02′11″E / 14.643889°N 121.036389°ECoordinates: 14°38′38″N 121°02′11″E / 14.643889°N 121.036389°E |
| Construction started | 2007 |
| Owner |
DoubleDragon Properties (since 2014) |
| Technical details | |
| Floor count | 38 |
| Grounds | 2,811.60 square meters (30,264 sq ft) |
| Design and construction | |
| Developer | DoubleDragon Properties (since 2014) |
| Website | |
| www |
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The Skysuites Tower, also known as The Sky Suites Corporate & Residential Towers, is a 38-storey twin building complex under construction 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 the construction of the building.
Globe Asiatique commenced the construction of the building then named G.A. Sky Suites, in 2007. Construction of the nearly complete building was put into hold when the G.A. Sky Suites was foreclosed by the Rizal Commercial Banking Corp. (RCBC) in September 2010 after ₱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. The land title of the building was transferred to RCBC in December 2010.
On May 2014, DoubleDragon Properties began efforts to acquire the building from the Rizal Commercial Banking Corporation. Double Dragon announced on September 2014 that it has fully acquired the building after a 90 due diligence period. The building has been renamed as The Sky Suites Corporate & Residential Towers, or simply the Skysuites Tower
The Skysuites Tower is composed of two 38-storey towers. One of the two towers will be a semi-circular tower for residential use and the other will be a curvilinear tower for office use. The two towers will be connected with a parking and commercial podium.
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Wikipedia