5 greatest projects being developed in the world

5 greatest projects being developed in the world

The world is rapidly urbanizing. According to Business Insider here are the mega projects that will feature in the world’s greatest cities by 2035. 1. The World Trade Center site, New York City, USA Since the September 11 attacks in 2001, the 16-acre Manhattan site where the Twin Towers and surrounding buildings stood has been targeted for recovery by New York City and now many projects have been completed, including 1 World Trade Center, 4 World Trade Center, 7 World Trade Center, a new transit hub, the 9/11 memorial and museum, a mall, and a park. Three more towers, a small church, and a performing arts center are still in the works. Construction is set to be finished by 2020. 2. Newhall Ranch, Los Angeles, California, USA The Newhall Ranch will feature a mix of housing, including single-family homes, condos, and apartments, with about 10% priced at below-market rates. The Santa Clarita Valley-based $14 billion project will bring 21,500 residential units to Los Angeles County by 2035. Newhall Ranch will start out as two villages with 5,500 homes and 2.5 million square feet of retail space between them and also preserve 10,000 acres of public outdoor space. 3. A new master plan for São Paulo, Brazil Planned by Urban Think Tank, the new master plan of São Paulo will dramatically change the city over the next two decades.The plan calls for more people-oriented development, including new housing, bike lanes, dedicated bus lanes, and a reduction in the number of existing parking spaces. Construction began in 2014, and the city plans to build 717,000 new residential units, 240,000 of which will be designated as affordable, by 2030. 4. Shibuya Station Area Redevelopment, Tokyo, Japanឮ As the host of the 2020 Summer Olympics, Tokyo has spurred a number of redevelopment projects in the city. Citywide, at least 45 new skyscrapers will be constructed by 2020, a 50% increase in high-rises over the next three years. Seven skyscrapers will be part of the Shibuya Station Area Redevelopment project: Six will be used for offices and retail, and one will be a 32-story condo building. The plan also calls for a redeveloped "Shibuya River," a narrow pedestrian walkway that will feature new shops and greenery when it opens in early 2018. The full multi-billion-dollar project is set to be complete by 2027. 5. The Battersea Power Station Development, London, England Apple's new UK headquarters will feature as part of the Battersea Power Station Development. The iconic building’s redevelopment is estimated to be costing $16.5 billion (£13 billion) and will include new residential and commercial complexes, including apartments, hotels, and offices. Construction is slated to proceed in seven phases, the first began in 2014 and the last is expected to finish in 2025. Spanning over 8 million square feet, the construction site for the Battersea Power Station Development is the largest in London in 30 years. Apple, the complex's anchor tenant, will move its London headquarters into the former power station in 2021. The company is expected to take up 40% of the building's available office space. 6. Castellana Norte redevelopment, Madrid, Spain Castellana Norte is a $7.1 billion redevelopment project in a district north of downtown. Currently, the site is home to a municipal bus station, a few houses, and a series of half-abandoned industrial buildings and warehouses. The redevelopment will turn Castellana Norte into a new neighborhood with skyscrapers, parks, roads, bridges, and apartments for an estimated 17,000 people, by 2035.

Author Name:: Dara