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Intempo

Intempo is a 47-storey residential skyscraper in , , rising to 187 metres and recognised as the European Union's tallest residential building. Designed by architects Pérez-Guerras and Olcina & Radúan, its construction commenced in 2007 following a presentation of plans in 2006, but protracted delays stemming from the extended the timeline to completion in 2021. The structure's twin towers, connected at the base and apex to form a figure-eight symbolising , house 256 luxury apartments alongside communal facilities such as a ground-level , areas, and a rooftop cocktail . Equipped with Spain's fastest , ascending at 4.2 metres per second to reach the summit in under a minute, Intempo exemplifies ambitious coastal high-rise development amid Benidorm's skyline proliferation. Financial distress during the economic downturn prompted multiple ownership transitions, including acquisition by Spain's asset management company Sareb in 2013, underscoring the perils of large-scale real estate ventures in volatile markets.

History

Planning and Initial Design

The Intempo project originated amid Spain's pre-2008 real estate boom, which fueled rapid development in tourist hotspots like Benidorm, known for its high-rise skyline and coastal appeal. Developer Olga Urbana initiated the venture to capitalize on demand for luxury seaside properties, positioning the skyscraper as a landmark residential complex on Playa de Poniente. The design was officially presented in early 2006 by the Alicante-based architecture studio Pérez-Guerras, featuring twin towers forming a distinctive "M" silhouette connected by a conical crown structure. This configuration drew inspiration from promoter visions for an iconic, vertically integrated community, with the towers rising to approximately 202 meters to claim the title of Europe's tallest residential building. Initial plans outlined 47 above-ground floors housing over 260 luxury apartments, ranging from two- to multi-bedroom units with sea views, alongside communal amenities including a , infinity pools, gyms, and landscaped terraces. The layout emphasized open-plan interiors, high-end finishes, and direct proximity to attract affluent buyers seeking year-round Mediterranean living. Engineering focused on structural stability for the height and shape, incorporating cores and facade systems suited to Benidorm's seismic and wind conditions, while adhering to local that permitted such ambitious coastal developments during the era's regulatory environment. followed shortly after presentation, reflecting optimism in the sector's unchecked expansion.

Construction Timeline

Construction of Intempo began in February 2006 under promoter Olga Urbana, coinciding with 's real estate boom characterized by abundant low-interest financing and speculative investments that accelerated high-rise developments in tourist areas like . The project progressed swiftly in its early years, leveraging the favorable economic climate to erect the foundational structure and lower floors of the twin towers. By 2009, the building had achieved substantial vertical advancement, with the distinctive M-shaped form emerging prominently on the skyline as construction capitalized on pre-crisis momentum. The onset of the disrupted funding flows, prompting a temporary suspension of work shortly thereafter. After the original developer's in 2009, operations restarted under revised oversight, with revised targets for 2011 and subsequently early 2014, during which the structure reached its full 187-meter height. By mid-, approximately 94 percent of the structural framework stood complete, marking a key milestone in the phased ascent despite intermittent pauses. Acquisition by SVP Global in 2018 facilitated the final push, culminating in overall project completion in mid-2021 after 15 years of incremental advances.

Financial Crisis and Delays

Construction of the Intempo halted in following the of its original company, which had announced temporary layoffs amid 's deepening downturn. This stoppage exemplified the broader "brick crisis" in , where a decade-long boom—fueled by low interest rates from the and abundant credit—led to severe overleveraging by developers and sudden contraction in financing after the exposed unsustainable debt levels. The project's promoter, Olga Urbana, carried a €93 million loan from Caixa , part of the toxic assets accumulated during the pre-crisis expansion, which contributed to stalled progress as banks withdrew credit and demand for new housing evaporated. Work resumed after a new constructor was engaged, allowing structural completion by early 2014, but financial strains persisted, culminating in Olga Urbana's filing in November 2014. The ensuing debt, ballooning to approximately €108 million, transferred to Sareb, Spain's state-backed "bad bank" established to manage failed loans from . This handover reflected systemic overextension rather than isolated project mismanagement, as Spain's residential sector faced an overhang of millions of unsold units nationwide, with Intempo's 256 apartments remaining largely vacant due to depressed prices and buyer reluctance post-bubble. In 2017, SVP Global acquired the defaulted from Sareb for over €60 million, enabling and resumption of interior finishing work, which achieved partial occupancy readiness by around 2018. These interventions underscore the cycle of loose pre-2008 inflating asset bubbles, followed by abrupt tightening that amplified insolvencies, delaying Intempo's timeline from an initial target to over a decade of interruptions without evidence of fundamental design or execution flaws precipitating the setbacks. By late 2019, approximately 40% of units had been sold under SVP's management, though full stabilization required addressing accumulated debts and market recovery.

Architecture and Specifications

Design Features

The Intempo features two symmetrical towers linked at the summit by an inverted cone-shaped structure, creating a distinctive M-like that integrates vertical residential volumes with a crowning communal element. Designed by architect Roberto Pérez-Guerras, the facade employs extensive glass cladding to prioritize natural illumination and unobstructed vistas toward the . Apartment interiors adopt open-plan configurations, merging living, dining, and terrace spaces to enhance spatial efficiency and capitalize on coastal orientations for sea and beach views. The golden-toned cone encompasses multi-level duplex units and upper-floor amenities, including a cocktail lounge. Functional elements support upscale living with an offering sunset panoramas, a Technogym-equipped fitness center, facilities featuring saunas and areas, four jacuzzis on the 47th floor, an exclusive bar terrace, and an outdoor pool on the 46th floor. Additional provisions like coworking spaces, children's areas, and concierge services accommodate both permanent residency and short-term stays akin to operations.

Height and Structural Records

Intempo measures 187 meters in height to its architectural top, establishing it as the tallest residential building in the upon completion in July 2021. This height exceeds prior structures in , such as the 186-meter , securing its position as the city's tallest building. The features 49 floors in total, including 47 habitable levels primarily for residential apartments alongside amenity spaces. Its twin-tower design culminates in a connecting diamond-shaped crown, contributing to the overall structural height while maintaining residential focus across 256 units. Post-completion assessments confirmed the building's structural integrity, addressing earlier concerns from construction delays and technical issues through remedial engineering. Globally, Intempo ranked among the taller purely residential towers at the time, though shorter than mixed-use supertalls like New York's at 426 meters; within , it held the residential record until proposals for taller structures, such as Benidorm's approved 230-meter TM Tower, emerged in 2025.

Materials and Engineering

The Intempo employs an all-concrete structural system, utilizing for its core, main vertical and lateral load-bearing elements, and cast-in-place floor slabs, supplemented by for enhanced tensile capacity. This material selection leverages concrete's , mass damping for vibration control, and , which are advantageous for withstanding lateral forces such as gusts prevalent in Benidorm's coastal and moderate seismic activity in eastern . The building's exterior features a glass curtain wall facade, the first for a residential high-rise in , providing , weatherproofing, and expansive views while minimizing added structural weight compared to opaque cladding options. Internally, compartmentalization divides the structure into fire-resistant zones, with concrete's inherent non-combustibility contributing to by limiting spread through floors and shafts. Engineering incorporates a twin-tower with parallel shafts separated by 20 meters, unified at the apex by a conical connector spanning floors 38 to 44, which optimizes load distribution and aerodynamic performance to mitigate wind-induced . Initially conceived as a 20-story , the escalation to 47 floors above ground—plus basements—amplified demands on capacity and vertical transportation, illustrating the causal trade-offs of ambition: greater and at the expense of escalated material volumes, construction duration, and vulnerability to execution errors in scaling unproven designs. This expansion prioritized market differentiation over incremental prototyping, relying on reinforced concrete's yet exposing limits in coordinating complex and curing at .

Construction Challenges

Technical Defects

The primary engineering flaw in the Intempo's involved inadequate provisioning for infrastructure. The building's initially accommodated elevator shafts and associated machinery only up to the 20th floor, despite the final reaching 47 stories above ground. This stemmed from an expansion of the floor count beyond the original plans, undertaken to capitalize on Spain's pre-2008 boom without a corresponding overhaul of vertical circulation systems, including shaft extensions, motor rooms, and cabling conduits. As a result, the upper approximately 27 floors lacked sufficient structural integration for full-height elevators, compelling post-construction retrofits that involved cutting into completed cores and reinforcing adjacent elements to accommodate the necessary extensions. Exaggerated reports in claimed the building had "no elevators at all," but these were refuted by the , who clarified that basic shafts existed, albeit undersized and unextended for the full height; remedial works, including installation of high-speed lifts by manufacturers like , addressed the shortfall by 2015, enabling occupancy from lower levels while upper-floor access was progressively certified. The root cause lay in project-specific incompetence—prioritizing rapid floor additions for profit over iterative validation—exacerbated by the haste of boom-era , where initial blueprints from architect Roberto Pérez Guerrero were not fully stress-tested for scalability. (via reports in Spiegel and ) Secondary defects included incomplete integration of infrastructures, such as pressurized lines that required supplemental pumping stations due to insufficient riser capacities for the heightened ; these were mitigated through on-site modifications rather than fundamental redesigns. Overall, these issues reflected causal lapses in load-path analysis and during vertical expansion, not broader regulatory shortcomings, as local building codes mandated vertical but enforcement relied on developer-submitted plans.

Safety Incidents

On June 30, 2011, a temporary freight elevator at the Intempo construction site in collapsed, injuring 13 workers after plummeting approximately 20 floors. Two workers suffered serious injuries, while the cause was linked to mechanical failure or overloading of the temporary system used for high-rise access. response was delayed due to inadequate access at the site, exacerbating the situation. No fatalities occurred. This incident underscored vulnerabilities in temporary operations during the project's rapid vertical progression amid Spain's construction boom, where high-rise sites often relied on such equipment prone to overload under demanding schedules. Subsequent adjustments addressed access and deficiencies, with later inspections confirming compliance with building codes after remedial fixes to structural and evacuation provisions. Documented major safety events at Intempo remained limited to this event, aligning with broader patterns in Spain's pre-2008 sector, which reported elevated accident rates from accelerated high-risk builds but lacked project-specific fatality data beyond injuries.

Controversies

Developer and Management Failures

The Intempo project originated from a rudimentary concept sketched by its promoter, Grupo Kono, which emphasized dramatic twin towers linked by a spherical base to create a spectacle in Benidorm's . This napkin-level ideation prioritized aesthetic ambition over structural and logistical practicality, resulting in a that proved difficult to execute at scale without extensive revisions. The promoters' haste to capitalize on Spain's mid-2000s boom led to inadequate initial risk evaluation, as the was handed to architects for rapid formalization rather than subjected to rigorous feasibility studies, foreshadowing downstream engineering mismatches. Financial mismanagement exacerbated these foundational flaws, with developers securing a €92 million loan from in the boom years but failing to control escalating costs amid delays and scope expansions. As progressed from 2006, funds were not buffered against potential downturns, leading to when the 2008 halted Spain's property bubble. The project's sponsor, Olga Urbana, entered proceedings by March 2014, triggering approved by Alicante's commercial court in December 2015 and finalized in June 2022. Promoters further erred by overestimating sustained market demand for luxury high-rise units, assuming Benidorm's tourism-driven growth would absorb the 463-apartment inventory without interruption. The ensuing "brick crisis"—Spain's post-2008 housing collapse—left many units unsold for years, validating the misjudgment of economic cycles and exposing insufficient contingency planning beyond boom-time projections. By 2021, only half of the 256 remaining marketable homes had been sold, underscoring how unhedged optimism against foreseeable corrections compounded the project's viability issues.

Labor and Ethical Issues

During the Intempo project's construction phase, particularly after the , workers engaged in strikes over extended periods of unpaid wages, attributed to severe monetary shortages impacting the developer, Olga Urbana. These disruptions, reported in 2013, arose amid broader cash flow crises in Spain's collapsing property sector, where speculative overbuilding led to halted payments rather than premeditated withholding. Additional reports highlighted allegations of workers completing tasks without pay and incurring on-site injuries, though such incidents were tied to the same shortfalls and project delays, not evidence of intentional exploitation or substandard hiring practices. Subcontractors, including a local firm with 43 employees that finalized the structure in , also faced non-payment leading to closure, reflecting cascading financial strains common in boom-era Spanish developments reliant on debt-fueled expansion. Ethical concerns were limited, with no documented patterns of systemic labor abuses such as forced or hazardous conditions beyond those typical of unregulated pre-2009 construction surges, where market-driven labor influxes prioritized speed over oversight until post-crisis reforms enhanced guarantees and protocols. These issues, while disruptive, stemmed from economic rather than developer malfeasance, contrasting with more isolated creditor disputes that dominated . The developer Olga Urbana initiated insolvency proceedings amid financial distress, with Sareb acquiring its €108 million loan in 2012 and prompting formal to enhance oversight and creditor recovery. Alicante's Mercantile No. 1 approved a plan in December 2015, authorizing the sale of the unfinished Intempo structure—valued at €90 million—to settle debts, though creditor challenges, including from and , prolonged the process. Sareb sold the secured debt to SVP Global in November 2017, facilitating asset transfer and work resumption, with full of Olga Urbana decreed by the in June after disposal. These proceedings, spanning from 2009 filing to resolution, halted construction for years and shifted ownership, directly contributing to decade-long delays in habitability. Buyers filed multiple lawsuits citing delivery delays and inadequate project guarantees, invoking Spain's Law 57/1968 on advance payments for off-plan sales. In October 2015, an Alicante court ruled that purchasers could reclaim deposits—such as one case involving €111,793.60 paid with only partial €30,800 banking aval—due to Olga Urbana's failure to provide full financial assurances before insolvency. Related claims extended to non-delivery in linked promotions, with a February 2014 judgment ordering refunds for breached timelines dating to 2007 contracts. In March 2023, a Benidorm court tried a former Intempo administrator for estafa (fraud) and appropriation, accused of deceiving two buyers on apartment purchases amid the promoter's collapse, with prosecutors seeking up to four years' imprisonment; the case concluded without reported settlement details but highlighted sales irregularities. Such actions led to unit auctions within bankruptcy asset sales, though specific defect claims tied to structural issues were subsumed under broader insolvency resolutions rather than standalone verdicts. Regulatory conflicts arose over compliance with building codes, particularly post-2009 halt, requiring court-vetted permits for remedial works like elevator retrofits and upgrades. Alicante courts resolved these via phased approvals, including 2018 clearances that enabled SVP Global's interventions, averting risks while mandating fixes to meet Spanish technical codes (). These disputes, intertwined with , delayed until 2021 but culminated in verified compliance without major code-based shutdowns.

Completion and Operations

Final Completion and Occupancy

The Intempo building reached structural completion in early 2014, with the exterior and core framework substantially finished despite ongoing issues such as non-functional elevators and incomplete interior systems. However, habitability was delayed due to technical defects, developer bankruptcy, and the need for extensive retrofits, leaving the tower unoccupied for several years following the 2008 financial crisis's impact on the Spanish property market. Acquired by SVP Global in 2018, the project underwent refurbishment to address structural and safety concerns, including the installation and certification of fully operational elevators capable of serving all 47 floors. These works culminated in the building's final completion and obtention of habitability certificates in July 2021, marking the end of 15 years of intermittent construction and enabling the first residents to move in. Occupancy commenced gradually after certification, initially limited by the economic hangover from , which had depressed demand for high-end coastal properties, and by buyer caution over the building's troubled history. By late 2021, approximately half of the 256 residential units had been sold, with early occupants primarily comprising investors and long-term residents drawn to the verified functionality of amenities like the panoramic and gyms. This phased filling reflected a cautious market recovery rather than immediate full utilization, prioritizing safety verifications over rapid leasing.

Current Usage and Sales

The Intempo complex functions as a hybrid residential and hospitality property, accommodating long-term owners in luxury apartments alongside short-term vacation rentals managed through platforms like and managed by operators such as Holuxe and Costa Activa Rentals. These rentals typically feature 1- to 2-bedroom units ranging from 62 to 95 square meters, with nightly rates starting at €110 for standard accommodations accommodating up to six guests. The INTEMPO SKY Resort & Spa, integrated within the towers, emphasizes high-end amenities including indoor and outdoor pools, a , multiple rooftop hot tubs, and spa facilities, which receive consistent praise in guest feedback for enhancing stays with unobstructed sea views from upper floors. As of October 2025, verified reviews on rate the resort at 9.2 out of 10, with sub-scores of 9.3 for cleanliness, 9.2 for comfort, and 8.9 for facilities, based on over 80 submissions highlighting the appeal of these features to tourists near Poniente Beach. Sales of individual units persist into 2025, targeting buyers seeking premium coastal , with listings for furnished apartments equipped with modern appliances and views marketed through agencies like Spain Homes and La Bella Vita . Pricing varies by floor and configuration: lower levels (floors 1-22) range from €257,000 to €341,000 for 1- or 2-bedroom units, mid-levels (floors 23-37) from €367,000 to €550,000, and high-end options including penthouses reaching €885,000 to €1,250,000 for larger or top-floor residences. This tiered model supports a from ownership transfers, bolstered by Benidorm's market, where median occupancy for similar properties averages 60-68% annually, though Intempo-specific figures remain undisclosed.

Recent Developments

In 2024, individual apartments within Intempo continued to be marketed for sale, including high-floor units offering panoramic views, with listings emphasizing the building's amenities and location near Poniente Beach. Operations as a residential complex proceeded with residents occupying units, though user reviews on platforms like averaged 3.5 out of 5 stars based on 149 ratings, reflecting mixed feedback on the building's exterior appeal and internal facilities. A significant competitive development emerged in August 2025 when construction began on the adjacent TM Tower, a 230-meter, 64-floor residential approved by authorities earlier that year. Positioned just 50 meters from Intempo, TM Tower is projected to surpass it as Europe's tallest residential building upon completion in late 2028, featuring 260 apartments, underground parking, pools, and communal spaces across over 38,000 square meters. This project underscores 's ongoing vertical expansion, potentially shifting Intempo's status as the city's height record holder.

Impact and Legacy

Architectural Significance

Intempo, designed by Guerras of Pérez-Guerras Arquitectos & Ingenieros, features two parallel towers rising to 187 meters across 47 floors, connected by an inverted cone-shaped structure at the summit that houses communal amenities including a 46th-floor outdoor and a 47th-floor cocktail lounge. This M-shaped configuration, one of the few high-rises worldwide adopting such a form, achieves Europe's tallest residential building status upon its 2021 completion, surpassing prior benchmarks and offering panoramic views that enhance its appeal as a landmark. The structure's bold verticality and organic-inspired elements, evoking a "," demonstrate engineering innovation in residential high-rise development amid Spain's post-2008 financial challenges, with private investment enabling perseverance through bankruptcies and delays. Despite these feats, Intempo's aesthetics have drawn sharp , with outlets labeling it a "towering testament to the madness" of Spain's pre-crisis frenzy due to its eccentric that overshadows Benidorm's skyline in a manner deemed disproportionate. Functionality critiques emerged early, as initial design expansions from 20 to 47 floors overlooked adequate provisions for upper levels, resulting in non-operational lifts beyond the 20th floor during and highlighting lapses in practical planning. While developers contested the severity, asserting elevators were incorporated, the incident underscored tensions between ambitious form and livability in residential towers. In terms of legacy, Intempo's verifiable uniqueness in scale and configuration has influenced residential trends by proving the viability of extreme heights in non-capital coastal contexts, prioritizing structural over conventional aesthetics and setting a for private-led mega-projects post-economic downturn. Its dominance in Benidorm's dense high-rise environment—amid over towers exceeding 25 stories—affirms a shift toward iconic, view-optimized designs, though tempered by the need for rigorous to avoid emblematic pitfalls.

Economic and Urban Influence

The Intempo skyscraper's distinctive presence has bolstered Benidorm's skyline, reinforcing the city's reputation as a hub for high-rise tourism infrastructure and drawing investor attention amid ongoing development in the region. Despite construction halting in 2008 due to the global financial crisis, which exposed vulnerabilities in Spain's credit-fueled property boom, the project's revival through private investment underscores market-driven recovery mechanisms over state intervention. Intempo's development highlighted the perils of speculative lending, with initial financing of €100 million in bank loans transferred to the state-backed Sareb in 2012 following developer , yet funds like SVP acquired the defaulted in 2017, enabling completion in 2021 without reliance on subsidies. This refinancing path illustrates causal realism in economic stabilization, where distressed assets regain viability through competitive bidding rather than bailouts, contributing to Benidorm's broader that accounts for approximately 1% of Spain's GDP. Upon finalization, Intempo generated construction-related employment during refurbishment phases and supported ancillary jobs in and sales, while apartment prices starting at €185,000 signaled uplift in local values post-crisis. By , 40% of units were sold, fostering activity and enhancing urban property appeal in a where drives through iconic landmarks.

Future Prospects

The Intempo's status as Europe's tallest residential building, at 200 meters, faces potential displacement by the adjacent TM Tower, a 230-meter, 64-story residential development approved in 2025 and under construction, with occupancy projected for the second half of 2028. Nevertheless, Intempo is poised to retain a central role in Benidorm's high-rise landscape, where ongoing projects continue to densify the skyline with additional residential towers and hotels, reinforcing the city's vertical urban identity. Prospects for increased occupancy and value appreciation depend on sustained demand, as evidenced by Benidorm's 2.8 million foreign visitors in 2024 and occupancy reaching 92.9% in August 2025, trends supported by broader Spanish growth exceeding 44 million international arrivals in the first half of 2025 alone. Recent upgrades, such as the conversion of floors 38 through 45 into the premium Residences, signal opportunities for targeted enhancements that could attract higher-end residents and boost overall utilization. Risks include escalating maintenance demands typical of supertall residential structures, compounded by Benidorm's exposure to economic fluctuations in mass , though the city's designation as the European Green Pioneer of underscores adaptive strategies for , such as efficient in high-density developments. Empirical data from rising operational costs in similar coastal high-rises suggest that without proactive measures, shifts toward premium or eco-focused markets could challenge affordability and long-term occupancy stability.

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