Hot spot

Glass tower - south east The south-eastern quarter of the ONZ Roundabout was notably undeveloped for 50 years. In the summer of 2002 all rights to that site were acquired by Hochtief Project Development, who commenced construction work one year later on the Rondo 1 complex. Hochtief proposed a high, almost 200 metres tall, glass tower, with a total space of 75,000 sqm (55,000 sqm office and 3,000 sqm retail space). The architecture was designed by SOM (tower) and AZO (parking building). Construction by Hochtief Polska is to conclude in late 2005. Piotr Stark, Hochtief Project Development Marketing Manager remarks: "We have a lease contract signed with supermarket (Ahold, 1,000 sqm) and parking operators (Parking Polska, 500 vehicles). Negotiations are continuing with tenants of office space, while letters of intent have been signed with retail space tenants (boutiques addressed mainly at persons employed in the building)". The question must arise whether the risk o