WUHAN | CTF Finance Center | 475 M / 1,558 FT | 84 FL

[scalziand]

Wuhan Riverfront Erqi Parcel

Wuhan, China

SOM’s multi-disciplinary approach to city building makes a global statement at Wuhan’s Erqi district. Architecture, structural engineering and city design came together to create a new green, transit-oriented riverfront business district, cultural center, and residential community connected to a landscaped public park along the Yangtze River.

China’s tallest tower rising from a central cultural park, a green heritage trail angling through the new district to a revered Revolutionary site, and a serpentine, tree-lined pedestrian and bicycle bridge flowing to the riverfront park are all part of a new 90-hectare commercial center for Wuhan.

This livable, walkable redevelopment is centered on an iconic 707-meter mixed-use tower of office, hotel and residential, and the world’s tallest observation deck at a height of 668 meters.

Project Facts

Site Area: 83.60 hectares
Project Area: 2,600,000 m2

http://som.com/content.cfm/wuhan_riverfront_erqi_parcel

http://som.com/resources/content/5/0/4/4/7/7/6/6/images/001_21697651.jpg

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http://som.com/resources/content/5/0/4/4/7/7/6/6/images/007_21697650.jpg

http://news.zhulong.com/read148171.htm
http://www.10yan.com/html/News/zbys/zb/2011-12/8/083037962.html
http://news.cjn.cn/ttdd/201112/t1580033.htm

[FrancoRey]

Pllleaase. These renderings are in no way realistic. China doesn't have sky that blue! :frog:

Beautiful work from SOM. But I'll believe this coming into fruition when I see it.

Why is China starting to build their best towers in 2nd-tier cities? Such a waste when you have gems like Hong Kong and Shanghai begging for more vertical works.

[Urbannizer]

WUHAN | CTF Finance Center | 475 M / 1,558 FT | 84 FL

https://www.skyscrapercity.com/newreply.php?do=newreply&p=162903296

https://i.imgur.com/2bWq4oK.jpg

https://i.imgur.com/Klzb4NF.jpg

...

by katen530 (http://gaoloumi.cc/forum.php?mod=viewthread&tid=3132710&extra=page%3D1&page=36)

update, but not sure where is the main plot..

https://i.imgur.com/tfqzcxj.jpg

[pianowizard]

Why is China starting to build their best towers in 2nd-tier cities?

Cheaper to build them there.

[canucklehead2]

Supply and demand. I'm sure the biggest markets are saturated with product and that there's more growth and less competition in the mid tier markets than in Beijing, Shenzhen, etc. The same reason why Ottawa, Edmonton and Calgary have seen more record breaking development than Montreal or Toronto.. Also to keep the Chinese economy afloat they need to keep building so why not... :cheers:

[phoenixboi08]

Supply and demand. I'm sure the biggest markets are saturated with product and that there's more growth and less competition in the mid tier markets than in Beijing, Shenzhen, etc. The same reason why Ottawa, Edmonton and Calgary have seen more record breaking development than Montreal or Toronto.. Also to keep the Chinese economy afloat they need to keep building so why not... :cheers:Cheaper to build them there.

Why is China starting to build their best towers in 2nd-tier cities? Such a waste when you have gems like Hong Kong and Shanghai begging for more vertical works.

I don't know quite how much of this is "China" doing anything, as opposed to a coterie of individual actors (provincial governments, municipal governments, private developers, public/private firms and consortiums, etc) responding to specific national/provincial/local policies and initiatives.



The short of it is that China has a rather odd (read:unique (https://www.sciencedirect.com/science/article/pii/S2226585618300529)) land management system that essentially has meant agricultural land (which has specific restrictions on ownership and use (https://www.card.iastate.edu/ag_policy_review/article/?a=78)) near large cities has routinely been reclassified as urban (which has less - and in recent years: no (https://www.lincolninst.edu/publications/articles/farmland-preservation-china) - restrictions on its use) allowing it to be developed without a. necessarily needing to pay out compensation (because in the past, no one really could "own" agricultural land) and b. offsetting the lost agricultural land elsewhere because, as far as records were concerned, the land was always urban (as opposed to agricultural land in rural areas, which is less fungible I'm led to believe).

Think about all the greenfield development in 1st tier cities in the early 2000s, as well as the symbiosis of large infrastructure investments (both national and local initiatives) and accompanied developments (https://www.citylab.com/transportation/2018/02/chinas-subway-boom-slows-down/552935/)...and then consider the loud proclamations of moving away from "GDP as a hard growth criteria, etc etc..." (https://www.forbes.com/sites/kenrapoza/2013/07/01/chinas-pres-xi-gdp-no-longer-the-measure-of-success/#1505195718db)

It's all connected.

In any case, curbs on some of these excesses has meant there's simply less cheap (ie. "free") land for local governments to devour (especially in the 1st tier cities), pushing up costs for potential developments and financing in these locales, which has sent that capital to 2nd and 3rd tier cities.

This dynamic tends to happen everywhere; it's why, without fail, some super ambitious development proposal in surprising locations tend to precipitate market conditions for a downturn.

It's why Beijing exercises tight capital controls, why GDP is slowly declining, and why 1st tier cities will no longer grow quite as rapidly as in the past: the latter group of municipalities has reached a rather saturated point in their economic/infrastructure development and the rest are playing catch-up.

Most local government in China rely on land development - not taxing land - for revenues, banks and firms rely on the activity resulting from rapid land development to outgrow debt obligations...and so the wheel turns.

In any case, this is my - broad strokes - understanding from casual observation over the last 10 years or so. It isn't really anything majorly concerning (for now; one would be rather alarmed if banks - and firms/local governments - started to see a sharp increase in non-performing loans and resulting defaults/credit tightening, which is the main preoccupation of national policies*) other than the property market in China simply coming down from a major high.




________________________________________________________________
* And is why, for whatever reason, the current US administration is convinced tariffs are a sufficient way to apply leverage in negotiations as opposed to pushing for Beijing to ease restrictions on capital outflows...but I digress.




_

[chris08876]

Crazy to think this would be the 2nd Tallest in the U.S. if rising here.

When it comes to super talls, China is light years ahead.


73 300.0m+/= supertalls present and completed.

Nobody even comes close, not even in 150m+. Based on statistics, the U.S. is the nation with the 2nd most skyscrapers or 150m+ (and I believe 100m+ as well), but damn, China is on a different pedestal.

But anyways, I like this design for CTF Finance Center. Might be a bit more fitting for Pudong or somewhere where it doesn't stand out as much. Reminds me of Sim City with mods, placing a super tall near low rises.

[phoenixboi08]

In any case, curbs on some of these excesses has meant there's simply less cheap (ie. "free") land for local governments to devour (especially in the 1st tier cities), pushing up costs for potential developments and financing in these locales, which has sent that capital to 2nd and 3rd tier cities.

This dynamic tends to happen everywhere; it's why, without fail, some super ambitious development proposal in surprising locations tend to precipitate market conditions for a downturn.

It's why Beijing exercises tight capital controls, why GDP is slowly declining, and why 1st tier cities will no longer grow quite as rapidly as in the past: the latter group of municipalities has reached a rather saturated point in their economic/infrastructure development and the rest are playing catch-up.


eg:

China’s Skyscraper Boom Comes Down to Earth (https://www.ft.com/content/5dee61e8-0c2b-11ea-bb52-34c8d9dc6d84)
https://www.ft.com/__origami/service/image/v2/images/raw/http%3A%2F%2Fcom.ft.imagepublish.upp-prod-us.s3.amazonaws.com%2F7e7257bc-0c7b-11ea-8fb7-8fcec0c3b0f9?fit=scale-down&source=next&width=700
The super tall skyscraper project in Wuhan on which construction has stopped due to a default on a payment © Keitma/Alamy


Sun Yu in Beijing NOVEMBER 21 2019

A subsidiary of China’s largest construction group has suspended work on one of the nation’s tallest skyscrapers after the developer became the latest in a string of companies to default on a payment.

The default highlights the growing challenges faced by China’s construction groups as the slowing economy trims credit supply, putting the once runaway mega-tower building boom under stress.

In an October 30 letter seen by the Financial Times, China Construction Third Engineering Bureau Co said it would halt construction on a 475m-high skyscraper in the central city of Wuhan. It said Greenland Group, one of the nation’s largest property companies, had failed to make “a significant” project payment...