16 Collyer Quay, formerly Hitachi Tower is a 37-storey, 166 m (545 ft), skyscraper in the central business district of Singapore. It is located on 16 Collyer Quay, in the zone of Raffles Place, near Chevron House, Change Alley, Tung Centre, and The Arcade, all of which are roughly 100 metres away. Facing Clifford Pier, the building commands a panoramic view of Marina Bay. It has an underground linkage to Raffles Place MRT Station. The skyscraper has a spire that is 13 m (43 ft), which increases the tower overall height from 166 to 179 m (545 to 587 ft) It is on a 999-year leasehold. 16 Collyer Quay has a net lettable area of approximately 25,980 m2 (279,600 sq ft). The building had close to 100% occupancy as of December 31, 2007, and key tenants include Hitachi and American Express Architecture 16 Collyer Quay is linked to the 33-storey Chevron House by a four-storey glass galleria. According to the Urban Redevelopment Authority (URA), the two buildings are designed and planned in parallel, with each tower takes on different architectural expressions, while complementing each other to "strengthen the urban quality" of Raffles Place. The building is topped off by a two-storey navigating beacon. URA claims it recalls the maritime history of the Collyer Quay area. Its facade is expressed in three parts, which breaks the verticality of the 37-storey tower and creates a stepping down effect that matches with the height of its shorter neighbour, Tung Centre. At the urban level, the two buildings respect and are designed around established patterns of pedestrian movement and urban use. The bank lobby is lifted to the upper floors to create Change Alley on the first storey, a pedestrian thoroughfare lined with retail activities that is today, a well-used and vibrant space linking Raffles Place to Collyer Quay.