Archinect - News2024-11-21T12:50:35-05:00https://archinect.com/news/article/150396585/david-chipperfield-s-elbtower-project-halts-construction-over-payment-dispute-in-hamburg
David Chipperfield's Elbtower project halts construction over payment dispute in Hamburg Josh Niland2023-11-07T12:19:00-05:00>2024-10-25T04:07:38-04:00
<img src="https://archinect.gumlet.io/uploads/37/372d2d7849476c0cafc861b17eca0be9.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=1200" border="0" /><p>Reuters is <a href="https://www.reuters.com/markets/europe/hamburg-skyscraper-construction-halted-grim-sign-german-property-sector-2023-11-03/" target="_blank">reporting</a> that construction on the forthcoming 64-story Elbtower Tower project in Hamburg, Germany, from <a href="https://archinect.com/firms/cover/3821/david-chipperfield-architects" target="_blank">David Chipperfield Architects</a> has been halted over a payment dispute between its client Signa and a local builder.</p>
<p>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 <a href="https://archinect.com/news/bustler/6294/david-chipperfield-wins-elbtower-competition-in-hamburg" target="_blank">2018 international competition</a>. The tower was expected to open in 2026, with a 188-room NOBU <a href="https://archinect.com/news/bustler/9325/david-chipperfield-architects-and-ester-bruzkus-architekten-unveil-competition-winning-design-for-nobu-hotel-and-restaurant-in-hamburg" target="_blank">hotel and restaurant concept</a> and a final price tag of €950 million ($1.015 billion). Once erected, it will become the tallest building in Germany outside of Frankfurt. </p>
<p>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 <a href="https://archinect.com/news/tag/1251970/chrysler-building" target="_blank">Chrysler Building</a> in New York City.)</p>
<figure><p><a href="https://archinect.gumlet.io/uploads/3d/3d0183a216fe2780cbf9c38454f3f379.jpeg?auto=compress%2Cformat&enlarge=true&w=1028" target="_blank"><img src="https://archinect.gumlet.io/uploads/3d/3d0183a216fe2780cbf9c38454f3f379.jpeg?auto=compress%2Cformat&enlarge=true&w=514"></a></p><figcaption>Previously on Archinect: <a href="https://archinect.com/news/bustler/6294/david-chipperfield-wins-elbtower-competition-in-hamburg" target="_blank">David Chipperfield wins El...</a></figcaption></figure>