WAN Urban Challenge


Previous Next

Russia Tower, Moscow, Russia

Wednesday 04 Feb 2009

Fosters’ green giant delayed by 4 years

Russia Tower by Foster + Partners in Moscow, Russia
A passer-by admires a scale model of Russia Tower at MIPIM 2008 
Your comments on this project

No. of Comments: 0

Add comments | More comments

Be the first to comment

Russia Tower is 4 years behind schedule, says Moscow Mayor 

Praised and admired at MIPIM 2008 for both its architectural presence and green innovation as the tallest tower with a natural ventilation system, Foster + Partners’ Russia Tower looked set to become a benchmark for sustainable high-rises. In November 2008 however, the Russian news agency Interfax reported that the project had been halted due to the credit crunch. Developer, Russia Land, could no longer afford to continue with the project and attempts to raise revenue from oil company Sibir Energy, were met with a conflict of interest clause in December due to Russia Land’s Head, Shalva Chigirinsky, holding a large amount of shares in the company.

The latest developments come from Russian news source Kommersant who quoted the Moscow Mayor this week as saying the project is now four years behind schedule, meaning a completion date of 2016 is more likely. Furthermore, despite the financial crisis, he is threatening to impose fines for the delay. The 612m tower, which broke ground in September 2007, is to be a key building within the Moscow International Business Centre and was set to provide substantial residential, retail, office and hotel space to the district, its delay could cause a significant economic impact to Moscow. Functioning as a dense ‘vertical city’ the tower would house 25,000 people, with offices, a hotel, shopping and apartments with private gardens.

Foster + Partners are as yet unavailable for comment on the developments but the delay represents one of the major casualties of the financial crisis and no-doubt a severe blow for the London-based firm.

Niki May Young
News Editor

Key Facts

Status Delayed
Value 0(m€)
Foster + Partners

More projects by this architect

Upper Orwell Crossings

Apple HQ


Jabal Omar Development Project

Varso Tower

More Projects

WAN Business Information

Click here to view the NEWS IN PICTURES tablet site