2001 - Architecture, Real Estate

Architecture, Real Estate

Berlin's colossal new Chancery Building is completed to designs by architect Axel Schultes. Built at a cost of $221 million, it comes under criticism for being too big, too isolated, and too costly for a city whose debts exceed $30 billion and must pay $5 million per day on interest alone.

The 101-story Taipei 101 skyscraper completed April 20 at Taiwan's capital rises 1,607 feet (508 meters) and will remain the world's tallest building for some years.

Hotels suffer major losses worldwide as the economic recession combines with fear of flying in the wake of the September 11 terrorist attacks to reduce travel.