A 117-story skyscraper in China that remained unfinished for several years is now about to resume construction. The abandoned building, Goldin Finance 117, nicknamed The Walking Stick, is a nearly 1,960-foot-tall supertall structure that will open its doors in 2027.
Due to some financial woes, the construction of the building was abruptly put on hold in 2015. After having a fallout from the Chinese stock market crash, the Hong Kong-based real estate developer was forced into liquidation. The skyscraper is among the several infrastructural projects that are currently taking place in China.
Built in the northern city of Tianjin, the construction cost of the huge tower is estimated to be around £8 billion.
Upon completion, the supertall skyscraper will feature residential apartments, a luxury hotel, and commercial spaces, crowned by a diamond-shaped atrium level that includes an observation deck and a swimming pool.
Standing high at an impressive 1,959 feet, the Goldin Finance 117 is nearly twice as tall as The Shard.
According to the Chinese State media, the construction work at the tower will resume after 10 years.
On April 20, Greenland Group announced construction would soon resume on the 1,535-foot-tall Chengdu Greenland Tower after a nearly two-year pause. Such projects aren’t generally seen as particularly profitable, but it’s often more about what they represent to investors and the public.
“By having [these projects] revived and completed, the government at least hopes it can increase people’s confidence,” Duke University law professor and Chinese real estate expert Qiao Shitong told CNN on Thursday.
The skyscraper will become China’s third tallest, as well as the world’s sixth tallest structure. Even so, the nation is still home to 91 buildings over 656 feet tall—the most of any country in the world.
