David Chipperfield's Elbtower project halts construction over payment dispute in Hamburg

2023-11-07T12:19:00-05:00

Reuters is reporting that construction on the forthcoming 64-story Elbtower Tower project in Hamburg, Germany, from David Chipperfield Architects has been halted over a payment dispute between its client Signa and a local builder.

The news came last week after more than two years of construction. Work was halted at exactly 100 meters (or 330 feet), which is under half the 245-meter (803-foot) anticipated height of the design for which Chipperfield won the 2018 international competition. The tower was expected to open in 2026, with a 188-room NOBU hotel and restaurant concept and a final price tag of €950 million ($1.015 billion). Once erected, it will become the tallest building in Germany outside of Frankfurt.

Signa’s CEO Timo Herzberg nevertheless posted to LinkedIn that he remains confident in the eventual realization of “Hamburg's future landmark,” Reuters reported. (Signa also operates the Chrysler Building in New York City.)

Previously on Archinect: David Chipperfield wins El...

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David Chipperfield's Elbtower project halts construction over payment dispute in Hamburg