The Seat of the European Central Bank is a building complex in the Ostend district of Frankfurt. It includes the existing Großmarkthalle, a new 185/165-metre-twin-skyscraper and a new low-rise building to connect the two. Located east of the city centre it houses the new headquarters for the European Central Bank (ECB). It was completed in 2014.The ECB's headquarters is legally required by the Treaties of the European Union to lie within the city limits of Frankfurt, the largest financial centre in the Eurozone. The ECB previously resided in the Eurotower and, due to lack of office space there, in three other high-rise buildings (Eurotheum, Japan Center, and Neue Mainzer Straße 32-36) in the city centre of Frankfurt.DevelopmentIn 1999, an international architectural competition was launched by the bank to design a new building. It was won by a Vienna-based architectural office called Coop Himmelb(l)au. The building will be 185 meters tall (201 meters with antenna) and will be accompanied by other secondary buildings on a landscaped site on the site of the former wholesale market (Großmarkthalle) in the eastern part of Frankfurt. The main construction work was planned to commence in October 2008, with completion scheduled for before the end of 2011.
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