Completion date for Jeddah's tallest tower pushed back two years
Reports are surfacing that the $600m Lamar Towers project in Jeddah designed by troubled firm RMJM has had its completion date pushed back from September 2011 to early 2013. Local newswire Arab News quoted Marwan Al-Nouti, finance manager of the project’s main investor Zahran Group thus: “The main reason for that (the delay), is the replacement of the main contractor which entails mobilisation and demobilisation, which took a great deal of time.”
The project is comprised of two soaring towers at 330m in height and is currently set to become the tallest building in the city, offering panoramic views from residential units, a luxury mall, commercial space and a ‘world class’ spa. The project’s title is derived from the Arabic meaning of molten or liquid gold and is said to capture the reflections of the gold-tinted glass exterior on the waters of the gulf.
Spread over 413,000 sq m, the complex will consist of two 73 storey residential towers connected by the gently curving Lamar Business Centre, ‘with its unique architectural design that “holds the sea”’. Each private apartment or suite in the residential portion of the design will incorporate marble flooring with luxurious amenities personalised to the occupant’s taste. The official website for the project, hosted by former lead developers Cayan Investment and Development, states: “Visitors are greeted by a spacious and uniquely designed lobby area, reflecting the prestige and importance of the tower’s occupants.”
It is thought that Cayan is no longer in charge of the project. Al-Nouti told Arab News: "Regarding Cayan, the owner, Lamar Company, made the decision to manage this project through one of Zahran Group's companies, Zahran Real Estate.”