Globalworth Tower, known previously as Bucharest One, is a future class A office building that will be constructed in the northern part of Bucharest in the vecinity of Calea Floreasca, Barbu Văcărescu Boulevard and Pipera. The building will have a total of 27 floors with three underground, one ground and 23 upground floors and a gross leasable area of 48,732 m2 (524,550 sq ft). At completion the 118 m (387 ft) high building will be the second tallest in Bucharest and Romania just under the 137 m (449 ft) Floreasca City Center's Sky Tower. The construction of the building will start in the first quarter of 2014 and is expected to be completed in the third quarter of 2015 at a total cost of €60 million.