The Skysuites Tower

The Skysuites Tower, also known as The Sky Suites Corporate & Residential Towers,[2] 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.

The Skysuites Tower
Former namesGA Sky Suites
General information
StatusTopped-out
TypeMixed-use
LocationQuezon City
AddressEpifanio delos Santos Avenue Cor. Quezon Avenue[1]
CountryPhilippines
Coordinates14°38′38″N 121°02′11″E
Construction started2007
Completed2018/2019
OwnerDoubleDragon Properties
(since 2014)
Technical details
Floor count38
Grounds2,811.60 square meters (30,264 sq ft)[1]
Design and construction
DeveloperDoubleDragon Properties
(since 2014)
Website
www.theskysuitestowers.com

Construction

Globe Asiatique commenced the construction of the building then named G.A. Sky Suites, in 2007.[3] 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.[4] The land title of the building was transferred to RCBC in December 2010.[5]

On May 2014, DoubleDragon Properties began efforts to acquire the building from the Rizal Commercial Banking Corporation.[5] 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[1][2]

Architecture and design

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.[1]

References
  1. Lazo, Kristyn Nika (1 September 2014). "DoubleDragon expects P5.2B revenue from Skysuites Tower". The Manila Times.
  2. Mercurio, Richmond (11 December 2014). "DoubleDragon secures 14th site for community mall chain in Bacolod". The Philippine Star. Retrieved 1 January 2015.
  3. Diaz, Conrado Jr. (16 November 2009). "Globe Asiatique's Delfin Lee: Redefining mass housing in the Philippines". The Philippine Star. Retrieved 1 January 2015.
  4. Austria, Jenniffer (29 May 2014). "DoubleDragon buying Globe Asiatique tower in Quezon City". Manila Standard Today. Retrieved 1 January 2015.
  5. "DoubleDragon to buy RCBC-foreclosed Globe Asiatique property on EDSA". GMA News. 28 May 2014. Retrieved 1 January 2015.
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