The European Central Bank said it expects its new premises in Frankfurt, which features a multi-sided double-skyscraper, to be completed by the end of 2011 after work starts early next year.
The €850 million ($1.1 billion) complex will be built on the site of Frankfurt's former wholesale fruit market, or Grossmarkthalle, on the banks of the Main river, the European Central Bank said in a statement on its Web site today. It includes a 185-metre polygonal double-tower with state-of-the-art solar protection.
Architects modified their design proposal during a preliminary planning phase, paving the way for detailed planning to begin, the ECB said. „The ECB will continue to cooperate with the city and state authorities regarding the ongoing process of submitting a request for the necessary building permits, which is expected to be finalized as scheduled by the end of October 2007.” (Bloomberg)