The next construction phase for Tower 185 will begin once the excavation and foundation work has been completed. HOCHTIEF is responsible for completing the shell construction for the high-rise. HOCHTIEF Construction and Vivico have already worked together successfully on the Moevenpick Hotel Frankfurt City project. A bank consortium under the management of Eurohypo AG will finance the construction of the building, of which 60% has already been rented, with a loan totalling 254 million euros. The consortium brings together DG HYP, DEUTSCHE HYPO, RZB and Eurohypo.
"Project developments that go in line with sustainability and reliability pay off for Vivico, because the funding of such projects is no more common", says Bernhard H. Hansen, CEO of Vivico. "We see that new buildings are highly accepted in the market, both on investors and users part. These buildings combine favourably functional but above all ecological and economical aspects. As a district and project developer we can therefore see us strengthened in our trustful work with banks, customers and local authorities, even under the current general conditions", explains Hansen.
Tower 185 forms the entrance to Frankfurt's Europaviertel and is located at Friedrich-Ebert-Anlage 35-37. It will provide 100,000 square metres of rental space, most of which will house offices and local amenities on the ground floor. Vivico has already managed to attract auditing company PricewaterhouseCoopers AG (PwC) as an anchor tenant, even though construction work has not yet started. The building was designed by architects Professor Christopher Mäckler in Frankfurt.
The foundation work will begin during the first week in March and the plinth building should be completed by autumn 2010. Construction of the 50-storey tower is scheduled for completion by the end of 2011. Tower 185 will be built with ecologically sustainable materials. As a result, the project received preliminary certification from the "Deutsche Gesellschaft für nachhaltiges Bauen (DGNB - The German Association for Sustainable Construction)" during the planning phase. Vivico also aims to receive "LEED" (Leadership in Energy and Environmental Design) certification in Gold from the USGBC (US Green Building Council). LEED defines standards for environmentally conscious, resource-friendly and sustainable construction, and is an internationally recognised benchmark in the field of ecological real estate.

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