Construction has started on the US$2.6 billion Istanbul International Financial Centre, masterplanned by HOK, which is being built on a 70-hectare site on the city’s Asian side.
The Turkish government’s goal for the landmark IIFC project is to establish Istanbul as a global centre for finance.
The IIFC will house the head offices of the country’s financial market governing bodies, state-owned and private banks, and related businesses.
It will include approximately 4.2 million m2 of office, residential, retail, conference, hotel and park space.
In addition to creating the masterplan, architectural and landscape design standards, and sustainability guidelines, HOK currently is designing two of the IIFC’s high-rise office towers.
HOK’s master plan for the IIFC creates four distinct districts focusing on culture, commerce, civic functions and governance. Located between the Ataşehir and Ümraniye districts, the site offers easy accessibility and views to the historic centre of Istanbul.
Major infrastructure improvements include a transportation system featuring a new subway line and station as well as new infrastructure for sustainable power, water, data and security. These systems are integrated into a podium that provides a surface for a new urban park.
HOK president Bill Hellmuth said: “Our master plan provides a framework for developing a sustainable financial centre in a way that blends human need, environmental stewardship and economic viability into a new global model of urbanism rooted in Turkish culture.”
Turkish construction company Akdeniz Group has begun excavation work on the site, and the IIFC is scheduled for completion at the end of 2016. Arup provided a variety of engineering, sustainability, information technology, communications and security design services during the master planning phase.