Commercial Developers
November 1, 2008 - U2 Tower, Dublin Ireland
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| Plans to build the tallest building in Ireland - with new recording studios for Irish supergroup U2 on top - were suspended Friday because of Dublin's slumping property market and slide into recession. |  |
Full Story - Below |
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Plans to build the tallest building in Ireland - with new recording studios for Irish supergroup U2 on top - were suspended Friday because of Dublin's slumping property market and slide into recession.
The Dublin Docklands Development Authority said it remains committed to building the long-planned U2 Tower, but a souring economy means the project must be shelved. It expressed hope of reopening negotiations with potential developers within 12 months.
The project shelving caps a six-year struggle and three rounds of architectural competition to build a U2 Tower. It raises doubts about whether the current lavish design, by world-renowned British architect Norman Foster, will ever get beyond the draftsman's board.
The projected $250 million construction would have dominated the skyline of Dublin, where conservationists have successfully shot down other skyscraper projects.
Foster envisioned a 400-foot triangular tower on Dublin's River Liffey with an egg-shaped pod housing U2's new recording studios on top. That would give Bono and his bandmates a view at least twice as tall as any other building in Dublin.