Wednesday, 16 September 2020

Hot in the city

Wednesday 16 September. Temperature at 16:30: 29C. Hot in the city. A day spent discussing the state of Poland's real estate and construction sector, and seeing it (in Warsaw at least) how it is, six months after the start of lockdown.

Below: I step out of W-wa Śródmieście station and onto ulica Emilii Plater, on my way to Q22. In the foreground, Daniel Liebeskind's Żagiel, Złota 44, to its right, the Intercontinental Hotel.


Below: on its way up, 38 stories and 155m tall when finished, Skysawa (how does one pronounce that? Skajsawa or Skysower?) is starting to emerge from ul. Świętokrzyska at the Rondo ONZ end. To the right, in the background, Spektrum tower.


Below: it's five to nine, I'm just about to enter Q22. I'm moderating our Real Estate & Construction Breakfast - for the first time in 14 years of doing them - as a webinar. Before the pandemic, at this time of day, the pavement is packed.


Below: view looking south from the 32nd floor of Q22. In the centre of frame, Varso tower, now overtaking Rondo ONZ 1, and when completed, Warsaw's - and the EU's - highest building.


Below: view looking west from the 32nd floor of Q22. In the centre of frame, Warsaw Spire. To the left of it, the cluster of office buildings around Rondo Daszyńskiego, with the Skyliner tower (190m) the tallest of them.


Below: back in the office for the first time in two weeks, and a quick peek to see how Central Point is doing. Not even at the halfway stage - but as lockdown got started, it was still a hole in the ground.


Below: Finished! Widok tower, and in front of it, the redesigned PKO Rotunda building.


Every building will be completed; unlike the crash of 2007-08, when construction came to a standstill, it hardly missed a beat this time round. But developers are not starting new projects. Everyone is waiting; maybe two years - to see the future of office work. What will be the balance between WFH (working from home) and coming into city-centre offices to meet colleagues? Once the pandemic eases (no sign yet!) the corporate world will eventually settle on an optimal, blended, hybrid model. But exactly how many desks will be needed remains to be seen - and this will determine the future growth of cities. The choice has always been between Upward and Outward. My guess is the latter. Unfortunately - sprawl will result.

This time last year:

This time three years ago:
Polish employers' demographic challenge

This time seven years ago:
The rich, the poor, the entrepreneur

This time eight years ago:
Food: where's the best place to shop in Poland? 

This time nine years ago:
Bittersweet

This time ten years ago:
Commuting made easy

This time 11 years ago:
Work starts on the S79/S2 'Elka'

This time 12 years ago:
Warsaw's accident-filled streets

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