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Construction began in December 2007 with the demolition of the 24-story Poltegor structure, until then the tallest building in the city. Sky Tower is the tallest residential building in the EU and the third tallest residential building in Europe, after the 264‑metre Triumph Palace and the 213-metre MosFilm Tower, both in Moscow.

The project is located on a property with an area of 27,362 square meters, located to the south of the center of Wrocław, approximately 2.5 km from the Main Square.

According to the initial architectural plans, Sky Tower will be a residential, office and commercial complex consisting of 7 buildings of various heights and with an aggregate surface area exceeding 260,000 square meters. One of the apartment buildings comprising Sky Tower will be 258 m in height (with the spire - the roof at a height of 221 ​​m) and thus will be the tallest residential building in Poland. The complex will contain a parking facility with a capacity of over 2,000 cars. Completion of the Sky Tower project was originally slated for the second half of 2010.

Like many construction sites around the world, Sky Tower was affected by the 2008 economic crisis, and construction of the tower ceased for a full year. In November 2009 an investor, one of the richest individuals in Poland Leszek Czarnecki, stated that the project would be redesigned with a lower construction height of 212 meters. Antenna will increase Sky Tower to 251m. Construction work has began again, and is expected to be complete by the end of 2012.

May 24, 2012 opened a shopping center in the complex of the Sky Tower.
Sept. 20 (Bloomberg) -- Leszek Czarnecki, a Polish millionaire banker and would-be astronaut, now plans to become a landlord for wealthy tenants by building the country's tallest apartment block in his hometown.

LC Corp. SA, a company controlled by Czarnecki, will invest $400 million to construct the 51-floor and 205-meter high (673 feet) building in Wroclaw, western Poland. Work will start early next year and will be completed in the second quarter 2010.

``Growing foreign investment in the Wroclaw region is increasing employment and boosting demand for apartments and office space of the highest standard,'' LC Corp. Chief Executive Officer Konrad Dubelski said at a press conference today.

Czarnecki controls commercial banking service company Getin Holding SA and has 2 billion zloty ($640 million) in assets, making him Poland's ninth-richest person, the Wprost weekly magazine said in June. The 44-year-old is also one of Poland's best-known businessmen after offering to pay the Russian Space Agency $20 million in 2002 to fly aboard a Soyuz spacecraft with Russian cosmonauts to the International Space Station.

LC Corp. plans to benefit from economic growth in Poland, the biggest of the 10 countries that joined the European Union in 2004. Demand in Wroclaw ``visibly exceeds supply'' and ``appears attractive for undertaking new development projects,'' property consulting company Reas Konsulting said in a report.

Czarnecki's firm will sell shares in the middle of next year to raise funds for further investments, Dubelski told reporters. As much as 75 percent of the investment in the Wroclaw project will be financed by a bank loan, he added.

``The share sale may be significant,'' Dubelski said, without specifying how much the company wants to raise. He added that part of the funds will be spent on a new project in Warsaw.

Getin is already working on a share sale. In June, the company said it wants to raise as much as 175 million zloty in a sale of new shares to existing investors this year.


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