Mortgage Banking

Making sense of commercial real estate finance.

Is 1600 meters too tall for a buidling?

Posted by Jordan Crouch on April 1, 2008

That’s one mile tall for those not on the metric system. Proposed to be built in Saudi Arabia, Prince al-Walid bin Talal, owner of the Savoy Hotel in London and manager of the Kingdom Holding Company (the largest investment company in the world according to its website), is calling it The Mile Tower.

Here are some pictures of the building.

Here’s an article about the tower.

Here’s an interesting graph comparing The Mile Tower to other tall buildings.

The logistics and cost of building such a structure are daunting. Should this be built? I don’t think so. The cost alone isn’t justifiable. It’s more of an ego booster than a legitimate building. And as Square Feet pointed out in his post, the carbon footprint of such a building would be ridiculous.

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