This Proposed New Mixed Development was on the Former Hilton Crown Tehran Site. The old Hilton Hotel Buildings were still in operation as the Esteghlal Hotel on a 7-hectare site.
The Proposed Design consisted of a Circular Retail Mall surrounding the Existing Towers in a Landscaped Oasis; with the Mall fashioned as a 3 Story Bazaar connected to the New and Existing Buildings via a Central Courtyard. The proposed development had a Nett Area of 4 Million Sf with an estimated Gross Development Value of USD 4 Billion. The Project was envisaged at the time of the lifting of sanctions by the USA during President Obama’s term but the project was halted after sanctions were reimposed by the USA.