Otis will be taking the 11th floor of the development, totaling20,000 sf, Tom Murcott, an EVP with Gale International, theproject's New York City-based developer, told GlobeSt.com. He saysto expect more lease-signing news soon. Bloomfield Hills, MI-basedTaubman Centers, which is developing the retail portion of theSongdo IDB, has announced Tesco Homeplus and Lotte DepartmentStores as the anchors of its portion of the project.

Construction started on the NEATT in July 2006, and the984-foot-tall structure is set for completion in 2010. The towerwill be comprised of 923,859 sf of offices and 564,329 sf of hotelspace. Retail and club space will take up about 80,000 sf.

Otis' elevators are in some of the most recognizable buildingsin the world, including New York City's Chrysler Building; the JohnHancock Center in Chicago; the Vatican; and the Petronas TwinTowers in Kuala Lumpur, Malaysia. The firm was selected in thespring to install elevators in the planned, 103-story Guangzhou[China] International Financial Center.