The builder Hochtief, the German capital, was chosen to build the new Brazilian offices of BankBoston, on the ground located on the Marginal Pinheiros São Paulo. The project's financial institution demand the investment of about $65 million, according to Manager of New Business Development of Hochtief, Léo Teixeira. The future of BankBoston headquarters occupy an area of 30 square meters and will have 25 floors. According to the institution, the work began in May 1999 and finished in 28 months, concluding in 2002. Next to the bank building will be constructed a network Hyatt hotel, the United States and one office tower of the ACD, the company's former shareholder of Pão de Açúcar Group Alcides Diniz. The plot of land which will house the condominium, next to the new headquarters of Rede Globo, was owned by Diniz, that the area received as compensation for the purpose of the company in. The architectural design of the condominium was headed by Julio Neves, who did not want to comment on the project.
