King Power Mahanakhon
This article needs to be updated. The reason given is: article should mention Pace Development's financial difficulties following the building's completion and the purchase of the building by King Power in 2018.(April 2018)
|King Power Mahanakhon|
คิง เพาเวอร์ มหานคร
|Former names||MahaNakhon (มหานคร)|
|Type||Residential, retail, hotel, public observaratory|
|Location||114 Naradhiwas Rajanagarindra Road, Bang Rak, Bangkok, Thailand|
|Construction started||20 June 2011|
|Opening||29 August 2016|
|Owner||King Power Mahanakhon|
|Roof||314 m (1,030 ft)|
|Floor area||150,000 m2 (1,600,000 sq ft)|
|Design and construction|
|Architecture firm||Ole Scheeren|
|Structural engineer||Arup Group|
|King Power Mahanakhon official website|
King Power Mahanakhon (Thai: คิง เพาเวอร์ มหานคร), formerly known as MahaNakhon (มหานคร), is a mixed-use skyscraper in the Silom/Sathon central business district of Bangkok, Thailand. It was opened in December 2016. It features the unconventional appearance of a glass curtain walled square tower with a cuboid-surfaced spiral cut into the side of the building. Following transfer of the first residential units in April 2016, at 314.2 metres (1,031 ft) with 77 floors, it was recognized as the tallest building in Thailand on 4 May 2016 by the Council on Tall Buildings and Urban Habitat (CTBUH). Featuring hotel, retail and residences, 200 units of The Ritz-Carlton Residences, Bangkok inside the building are priced between around $US1,100,000 to $US17,000,000, making it one of the most expensive condominiums in Bangkok.
The building was recognised as the tallest building in Thailand until the Magnolias Waterfront Residences at ICONSIAM broke the record in 2018 with the height of 317 metres. The building was purchased from PACE Development by King Power group in April 2018, resulted in the name change from MahaNakhon to King Power Mahanakhon.
Details of the MahaNakhon development were announced on 27 May 2009. The development team included German architect Ole Scheeren, former partner of the design firm Office for Metropolitan Architecture; Thai company Pace Development; David Collins Studio in London; and Industrial Buildings Corporation (IBC). In 2015 PACE bought the remaining shares of former partner IBC, thus becoming the sole project developer. The groundbreaking ceremony was held on 20 June 2011, the building was topped off in 2015, and was completed in 2016. The total project value as a result of pricing changes during the course of construction reached 21 billion baht (US$620 million).
In October 2013, the construction of the smaller CUBE building was finished. At that time the main tower reached the 4th floor, growing at the rate of approximately two to three storeys per month. As of September 2014, construction of the main tower reached the 45th floor, and in December 2014 the building had reached the 60th floor. In April 2015, PACE revealed that the tower had reached its full height and was topped off at 314 meters, making it the tallest building in Bangkok. Finally in 2016, the CTBUH recognized the building as completed.
Design and location
The tower is the shape of a square prism with the appearance of a rough spiral with cuboidal surfaces cut into the side of the building. The building features a pixelated ribbon that swirls around the exterior, peeling back its surface layer to expose an inner layer, creating balconies with views of the city. The glass walls are divided horizontally and vertically, adding to the building's "pixelated" appearance. Its height surpassed that of the Baiyoke Tower II's record of 304 metres (997 ft) at the time of completion in 2016, making it the 88th tallest building in the world.
Among the features of the building are: 10,000 square metres (110,000 sq ft) of retail space (MahaNakhon CUBE and MahaNakhon HILL Retail components); 209 residences serviced by Ritz-Carlton, which, with prices ranging from approximately 42 – 500 million baht (US$1.2–14m), are among the highest prices asked for Thai luxury real estate, freehold or leasehold in Bangkok; The Standard Bangkok Mahanakhon, with 155 rooms, to be operated by The Standard Hotel Group; as well as a rooftop observation deck. MahaNakhon at one point featured Thailand's first L'Atelier de Joël Robuchon (Bangkok), Thailand's first restaurant by Iron Chef Masaharu Morimoto, Thailand's first Vogue Lounge, and the largest Dean & DeLuca in Thailand, however all retail outlets have been closed in 2019 pending redevelopment by the new owners.
In January 2013, PACE Development announced the sale of the highest-price condominium penthouse in Thailand at MahaNakhon, a two-floor, 1,500-square-metre (16,000 sq ft) residence costing 480 million baht.
PACE Development marketed MahaNakhon overseas, including in the Middle East, the first time that a Thai property developer had marketed Thai property in the Middle East as well as in Hong Kong and Singapore.
In September 2014, the project earned the first of several awards for Ritz-Carlton Residences, Bangkok at MahaNakhon as "Best Luxury Condo Development 2014 (Bangkok)" at the Thailand Property Awards. In October 2014, The Ritz-Carlton Residences, Bangkok at MahaNakhon was named "Best Thailand Development 2014" and "Best Luxury Condominium Southeast Asia 2014" at the SE Asia Property Awards.
In 2015, former chief marketing officer and former managing director of MahaNakhon Kipsan Beck accepted the winning three major awards including Best Mixed Use, Best Residential, and Best Residential Highrise at the Asia-Pacific Property Awards.
Subsequently, the project has also been recognised with presentations at the Council for Tall Buildings and Urban Habitat and Chulalongkorn University.
- Chung, Stephy (19 December 2016). "MahaNakhon: Why Asia's futuristic skylines just got crazier". CNN. Retrieved 30 June 2017.
- "MahaNakhon, Thailand's Tallest Building Completes". Skyscraper Center/CTBUH. 4 May 2016. Archived from the original on 3 June 2017. Retrieved 4 May 2016.
- Best Home (12 February 2013). "Top 10 most expensive condominium". Best Home. Best Home. Archived from the original on 5 March 2013. Retrieved 12 February 2013.
- "PACE Development joins hands with Fishman Group to Announce MahaNakhon, Bangkok's First Landmark" (Press release). Pace Development Corporation PLC. 27 May 2009. Retrieved 30 June 2017.
- "13.5b THB backlog for PACE". DDproperty. 3 June 2015.
- "PACE Jacks Up MahaNakhon Prices After Freehold Switch". Bangkok Post. 18 March 2014.
- "Pace Tops off sky project". Bangkok Post. 30 April 2015.
- "PACE Jacks Up MahaNakhon Prices". Bangkok Post. 18 March 2014.
- MahaNakhon (13 November 2014). "Ole Scheeren's MahaNakhon Towers Excavate the Bangkok Skyline". Audrey Murray. Architizer. Retrieved 13 November 2014.
- MahaNakhon (20 June 2011). "New Bangkok Landmark MahaNakhon starts rising" (Press release). Pace Development Corporation PLC. Retrieved 20 June 2011.
- PACE (14 November 2012). "PACE Announces Retail Leasing 55% Completed" (PDF). PACE (Press release). PACE Development Corporation PLC. Retrieved 14 November 2012.
- "Bangkok Post: All Clear Sounded For Foreign Buyers" (Press release). Pace Development Corporation PLC. 8 February 2013. Retrieved 30 June 2017.
- "Thai Developers Hold Roadshow Overseas". Krungthep Turakij. 9 April 2013.
- "Real Estate Excellence Celebrated at Thailand Property Awards". Samui Times. 16 September 2014.
- "Winners at the South East Asia Property Awards". Property Report. 16 October 2014. Archived from the original on 24 December 2014.
- "MahaNakhon and The Ritz-Carlton Residences Bangkok Received Asia Pacific Property Awards 2015". Postupnews. Retrieved 12 May 2015.
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