News
Changes for Otis, Prisma, Schmersal and Hyundai
Otis Becomes Independent, Publicly Traded Company Otis completed its separation from United Technologies Corp. (UTC) and began trading on the New York Stock Exchange the morning of April 3 as...
Pandemic-Related Developments
Crisis creates supply shortages, forces changes in plans. NMHC COVID-19 Survey: Elevators Among Shortages A National Multifamily Housing Council (NMHC) survey on how the COVID-19 pandemic is affecting projects found...
ESI Partners With ShoreView Industries
Garden City, New York-based Elevator Systems, Inc. (ESI) announced an equity partnership with ShoreView Industries in April. ESI designs, assembles, tests and delivers elevator controllers and ancillary products to elevator...
GP Designs Striking Residential Tower for Nashville
Goettsch Partners (GP) Senior Project Designer Vladimir Andrejevic said in April that some residents of Alcove, a striking, 34-story tower planned in Nashville, Tennessee, next to the Amazon-anchored Nashville Yards,...
Developers Obtain Loans for Pair of Chicago Towers
Developers of a pair of residential high rises in Chicago’s Lakeshore East neighborhood have acquired US$283 million in construction financing, The Real Deal reported in March. Lendlease and Magellan Development...
New leaders and a promotion
Ken Schmid Selected to Lead KONE Americas KONE has named Ken Schmid executive vice president for KONE Americas, the top leadership role in the division, the company announced in March....
Announcements from a major player, COVID-19 elevator plans and rising skyscrapers
TEI News Company Announces Equity Partnership With Analogue TEI Group, the largest independently owned and operated vertical-transportation (VT) company serving the New York tri-state area, announced in April that Analogue...
Towers planned throughout the region; VT industry framework tweaked in Singapore.
Design Unveiled for Guangzhou Supertall Architecture firm Goettsch Partners has unveiled the design for a mixed-use project in Guangzhou, China, that will have a supertall tower as its centerpiece, ArchDaily...
Jerusalem Plan Would Quadruple Site’s Residences
A developer pursuing a residential urban renewal project in Jerusalem’s Kiryat Menachem neighborhood cleared a hurdle when the Jerusalem Local Planning and Building Committee approved the plan, which would more...
Unique Spiral Residential Tower Coming to Bahrain
A developer is planning a 41-story luxury residential building in Water Garden City in Bahrain’s Seef District, Gulf Projects reported in March. Spiral Orchid Residence, as the development is called,...
