Costanera Center
Encyclopedia
Sanhattan
Sanhattan is a sarcastic name given to Chile's capital Santiago's high-end financial district...
financial district of Santiago
Santiago, Chile
Santiago , also known as Santiago de Chile, is the capital and largest city of Chile, and the center of its largest conurbation . It is located in the country's central valley, at an elevation of above mean sea level...
, Chile
Chile
Chile ,officially the Republic of Chile , is a country in South America occupying a long, narrow coastal strip between the Andes mountains to the east and the Pacific Ocean to the west. It borders Peru to the north, Bolivia to the northeast, Argentina to the east, and the Drake Passage in the far...
by Cencosud. The tallest of the four buildings Gran Torre Santiago, designed by Argentine architect César Pelli
César Pelli
César Pelli is an Argentine architect known for designing some of the world's tallest buildings and other major urban landmarks. In 1991, the American Institute of Architects listed Pelli among the ten most influential living American architects...
, will be 300 meters in height, making it the tallest building in South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...
when completed and second tallest in the Southern Hemisphere
Southern Hemisphere
The Southern Hemisphere is the part of Earth that lies south of the equator. The word hemisphere literally means 'half ball' or "half sphere"...
only behind Australia
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
's Q1
Q1 (building)
Q1 is a supertall skyscraper located in Surfers Paradise, on the Gold Coast. It is the world's third tallest residential tower after the 348 metre building The Marina Torch in Dubai won formal recognition as the tallest residential building in the world on 29 April 2011 by the Emporis...
on the Gold Coast
Gold Coast, Queensland
Gold Coast is a coastal city of Australia located in South East Queensland, 94km south of the state capital Brisbane. With a population approximately 540,000 in 2010, it is the second most populous city in the state, the sixth most populous city in the country, and also the most populous...
at 322 m tall. Two other buildings will be 170 m high and a fourth one will be smaller.
The tower will feature two hypermarket
Hypermarket
In commerce, a hypermarket is a superstore combining a supermarket and a department store. The result is an expansive retail facility carrying a wide range of products under one roof, including full groceries lines and general merchandise...
s: Santa Isabel
Santa Isabel (supermarkets)
Supermercados Santa Isabel are a chain of supermarkets throughout Chile, Peru, Ecuador and Paraguay, owned by Cencosud. The markets are an average of 1,500 square meters.-Origins:Santa Isabel was founded in Valparaíso, Chile in 1976 by Eduardo Elberg...
and Hipermercados Jumbo
Hipermercados Jumbo
Hipermercados Jumbo is a Chilean chain of South American hypermarkets operating in Chile and Argentina.-History:...
, a six floor mall with more than 300 stores, a food court with a panoramic view with space for more than 2,000 people and two hotels, one with four stars and the other with five stars.
Construction was put on hold in January 2009 as a consequence of the late 2000s recession
Late 2000s recession
The late-2000s recession, sometimes referred to as the Great Recession or Lesser Depression or Long Recession, is a severe ongoing global economic problem that began in December 2007 and took a particularly sharp downward turn in September 2008. The Great Recession has affected the entire world...
, as the developers were concerned that they would not be able to find tenants if completed by the originally proposed date. After the recession was reaching its end, Cencosud announced the construction would resume on December 16, 2009.
