Construction is underway for Park Lane Tower, one of Dubai’s first mixed-use commercial-residential-retail buildings, located in Business Bay. Park Lane was sold out soon after its official launch.
Sanjeet Joher, Chief Operating Officer of KM Holding was thrilled with the rapid response, stating: “We are delighted with the success of this project, as we were able to achieve the maximum within a short period of time. The success of the 340-unit Park Lane Tower is certainly a testimony to our commitment towards offering world-class properties in the region.
“We would like to thank our investors for showing such confidence in us and are convinced this confidence will be rewarded.”
The state-of-the-art tower comprises 29 floors spread over commercial office space, residential apartments and retail units. It is thought to be the first three-way, mixed-use configuration in one building launched in the region.
Designed by leading international architectural designer Carlos Ott, Park Lane Tower is destined to be a landmark building due to its aerodynamic form and artistic lighting, which will make it look spectacular and different – by day and night.
Ultra modern facilities have been planned with tenants’ business requirements in mind. These include a Voice and Data System, high-speed internet connectivity, Closed Circuit TV System (CCTV), Public Address/ Background Music System (PA/BGM), Access Control System for data exchange, and many others.
The structure is composed of a podium level of two retail floors with residential floors to the bottom of the structure, with office floors above. Ample parking is also available.
Scheduled for occupancy in late 2008, Park Lane Tower is located at the heart of Business Bay – Dubai’s newest city-within-a-city development, running from the city’s arterial highway, Sheikh Zayed Road, alongside the new creek from Ras Al Khor.
Business Bay aims to consolidate Dubai’s position as the region's business capital and will be similar to New York's Manhattan and Tokyo's Ginza business centres.
Park Lane Tower’s construction is being carried out by Al Rostamani Pegel LLC, a member of the Al Rostamani Group, which was created in partnership with the Berlin-based firm Gustav Pegel & Sohn.
© 2007 Al Bawaba (www.albawaba.com)
