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Work to Begin on 57-Story Skyscraper After Years of Waiting

Fri April 27, 2018 - National Edition
Emily Buenzle


On April 26, Abilia, a Mexican company which is owned by billionaire Maria Asuncion Aramburuzabala, stated that Reforma 432 would be a space for luxury offices, stores and services, Mexico News Daily reported.
On April 26, Abilia, a Mexican company which is owned by billionaire Maria Asuncion Aramburuzabala, stated that Reforma 432 would be a space for luxury offices, stores and services, Mexico News Daily reported.

After seven years of struggle, construction of a 57-story skyscraper in Mexico City has been given the green light.

On April 26, Abilia, a Mexican company which is owned by billionaire Maria Asuncion Aramburuzabala, stated that Reforma 432 would be a space for luxury offices, stores and services, Mexico News Daily reported.

Here's what we know so far about the project:

  • The project is being designed by Foster + Partners, a British architectural firm.
  • Nearly 279,000 sq. ft. of the building will be reserved for corporate space, and about 19,700 sq. ft. will be used for commercial space.
  • The building's design will include an open plaza space to “integrate public space with the commercial and office areas,” Abilia said.
  • The estimated project investment is about $81 million.
  • A real estate development company, Grupo Elipse was originally behind the project, which was then dubbed, “Sky Tower,” but Aramburuzabala took over.
  • Aramburuzabala faced a series of delays with the project's site prep, which is why it has taken some time for the project to get started.
  • The building will contain the same number of floors as Torre Reforma, the city's tallest skyscraper, which was finished in 2015.
  • Abilia has not yet announced a start or completion date for the project.