High Society by Geocon is a significant development in the Canberra construction landscape for a number of reasons; however little attention has focused on the fact that the structure will, for the first time, pierce the 100 metre mark of the Canberra skyline. High Society will eclipse Canberra’s current tallest building; Lovett Tower in the Woden Town Centre which is reported to have been constructed in 1975 and stands at 93 metres tall.
Achieving triple figures has long been regarded as a significant feat. Batsmen and women aim for this milestone every time they take the crease in Cricket and should you live to 100 years of age you may receive a personal letter from the Governor General. But what can we expect in the years to follow and is this milestone indicative of the bush capital growing up?
Calcutta (Kolkata) has long been regarded as the ‘cultural capital’ of India. Calcutta is the capital of West Bengal and managed to pierce the 100 metre ceiling in 2008 with a series of developments reported to be 117 metres in height. These buildings eclipsed the previous tallest building in Calcutta at 91 metres which reigned supreme for 32 years. In 2016 it was reported by the Chief Minister that West Bengal had more than doubled its gross domestic product in the period between 2010 and 2016.
Cairo, with history dating back to 1st Century BCE, pierced the 100 metre mark with the construction of the Belmont Building on the banks of the river Nile in 1954. In the years immediately to follow; Cairo developed a city master plan, opened a 750,000 capacity Olympic stadium and opened Cairo International Airport.
Once High Society is finished, the 100 metre mark will be pierced for Canberra and in doing so, the ACT will leave behind the Northern Territory and Tasmania as the only two jurisdictions yet to pierce the 100 metre skyline milestone.
Any correlation between the 100 metre milestone and economic growth and prosperity can be argued amongst economists and punters alike but if the 100 metre milestone is synonymous with relative economic growth and prosperity, as experienced by Calcutta and Cairo; then the economic future of the ACT looks to be bright.