Magazine article Journal of Property Management

Tall Order

Magazine article Journal of Property Management

Tall Order

Article excerpt

Famous Properties

As world's tallest, most technologically advanced building, Taipei 101 stands alone

Usurping the title of worlds tallest building is just one of many features of Taipei 101 in Taipei, Taiwan. When describing the 508-meter skyscraper-with its 101 stories above ground and five stories below ground-terms like best, highest, fastest and revolutionary come to mind; along with the honor of being named one of the "Seven Wonders of Engineering" by the Discovery Channel. This monumental tower has become a symbol of the city and also a leader in building technology and construction design world-wide.

"For our shareholders, Taipei 101 has become die pride of Taiwan," said Cathy Yang of Taipei Financial Center Corp., the building's developer. "They feel proud to have invested and participated in creating such a landmark."

The building, which officially opened in December 2004, is composed of three parts: the office tower, the shopping mall and the observatory. It currently has about 25 tenants, and the developer expects to have about 80 tenants when the tower is fully occupied.

"Our tenants are mostly financial institutions and multi-nationals," Yang said. "The theme for our shopping mall is fashion and food. It is the most upscale retail complex in town; therefore, our tenants are mosdy international brand names. We also have a wide selection of fine dining."

The developer looked for an architect able to blend the local culture with modern building technologies, which led them to architecture firm C.Y. Lee & Partners. As one of the most technologically advanced buildings ever constructed, Taipei 101 features fiber-optic and satellite Internet connections, and the world's fastest elevators, which travel about 3,314 feet per minute.

"We had the best consultants and contractors from all over the world working on the construction of this building," Yang said. …

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