(Panama Digest) The National Assembly approved the transfer of a $5 million down payment to architecture firm Mallol & Mallol for the design phase of Panama’s Financial Tower project.
The 70-floor building will be 1,403.28 feet tall with two towers connected at the seventh floor by a pedestrian walkway. It is intended to “recall the union of cultures, oceans, races, routes, continents and time,” according to the project description posted on skyscrapercity.com.
With inauguration slated for 2013, the tower will house the offices of Panama’s National Bank, the Superintendency of Banks, the National Tourism Authority, the Maritime Authority, the National Securities Commission and the Public Services and Innovation Authority.
Plans also indicate a lookout point at 1,050 feet, a skybar, a restaurant, a 62nd floor presidential office, a nine-floor hotel, and a huge antenna to signal “Panama’s financial willingness and strength.”
The down payment represents 70 percent of the $7.2 million contract.
See Also: Former U.S. Embassy To Be Replaced by 70-floor Skyscraper.
Mallol & Mallol architectural rendering