Enjoy reading or listening to the past five days' most important news items. You can also submit your own news by using our form below. If you would like to keep up-to-date on industry news on a weekly basis, sign up for our ELENET newsletter. ELENET is emailed each Wednesday and combines our daily news into one concise, easy-to-read format. Like our audio news? Listen to our podcasts on this page or our media page.
This week's news podcast is sponsored by elevatorbooks.com
OTIS INDIA LANDS 112-ELEVATOR ORDER FOR BENGALURU METRO
Otis India has been awarded a 112-Gen2® elevator contract for the second phase of the Bengaluru Metro (also known as the Namma Metro) project of Bangalore Metro Rail Corp. Ltd. (BMRCL). The units will be manufactured at Otis' Bengaluru facility. The Namma Metro is expected to be India's third-longest metro network once complete in 2023. It will cover 27 stations connecting the city's manufacturing and technology hubs of Electronics City and Whitefield. The work is being overseen by BMRCL, which is a joint entity of the governments of India and Karnataka. Otis India President Sebi Joseph said the project reflects the company’s “deep commitment to the ‘Make in India’ initiative.”
CANADA’S TALLEST RESIDENTIAL TOWER PART OF TORONTO PLAN
Designed by Hariri Pontarini Architects, the 95-story SkyTower is part of a three-tower project — Pinnacle One Yonge — rising close to CN Tower in downtown Toronto, The Architect's Newspaper reports. Upon completion, the 1,027-ft-tall structure, with a glassy, faceted façade, would become Canada's tallest residential building. Developed by Pinnacle International, Pinnacle One Yonge includes the under-construction, 65-story Prestige and a future 80-story structure on a 4.4-million-ft2 waterfront site. In total, the skyline-altering development aims to deliver more than 2,200 condominiums, 160,000 ft2 of retail, 1.5 million ft2 of office space, a 250-room hotel and a 50,000-ft2 community center.
COMPLAINTS PROMPT LOOK INTO STOCKHOLM VT BREAKDOWNS
How often do escalators break down in Stockholm's public-transportation system? It's hard to say, The Local reports. Acting on complaints it received from readers in the Swedish capital, the news site took a look at Stockholm Public Transport (SL), the company that operates the city's light, commuter and underground rail systems, as well as its ferries, buses and trams. The system handles about 3 million rides per day at some 7,000 stations, stops and docks. Within these locations, SL operates 500 escalators and 465 elevators. Needed maintenance action on the vertical transportation (VT) is recorded in "error reports," but these don't necessarily mean an escalator or elevator has broken down; many of them are responses to graffiti and stickers that do not impact operation. There were 6,779 error reports filed in the first quarter of 2019 regarding escalators, but SL estimated only a fraction of them caused shutdowns. SL estimates each escalator averages two shutdowns per month, with the majority of the issues resolved within 2 hr.
OUTLOOK POSITIVE FOR 29-STORY CONDO TOWER IN BANGKOK
The Thai-Malaysian team behind the 29-story, 253-unit Na Reva Charoennakhon development on the banks of the Chao Phraya River in Bangkok is optimistic about demand, citing location and proximity to rail services, retail and restaurants, the Bangkok Post reports. Navarang Charoennakhon Co. Ltd., in which Thailand's Navarang Asset Co. Ltd. and Paramount Corp. Berhad of Malaysia each hold a roughly 50% stake, plans to complete the project in late 2022. One-bedroom units will start at the equivalent of approximately US$125,845, and the developer said this price point will add appeal. The relocation of government offices will also bring more than 7,600 new people to the area, which also bodes well for the project, the developer said.
DEVELOPER PLANS 25-STORY MIXED-USE TOWER IN BRONX, NYC
Permit applications reveal that a vacant lot in Woodstock, Bronx, NYC, could soon see construction commence on a 25-story mixed-use building, New York YIMBY reports. If developer BRP Development Corp. gets the green light, it will place a 265-ft-tall building totaling 254,900 ft2 of space on the site at 671 Brook Avenue. Most of the tower — 241,000 ft2 — would be dedicated to 254 residences, with 12,200 ft2 set aside for a community facility, and 1,700 ft2 designated commercial. MHG Architects is listed as the architect of record for the concrete-based high rise, which would include a cellar. The site, at East 153rd Street and Brook Avenue, is near the Third Avenue-149th Street subway station. A construction timeline was not available.