Planning for Taipei 101 began in July 1997 during Chen Shui-bian's term as Taipei mayor. The height of the building was still 449.2 meters at the time. Taipei 101 near the end of construction during 2003, showing the concrete tower at the top still incomplete. The property will return to the city in 2067. In 1997, led by developer Harace Lin, the Taipei Financial Center Corporation, a team lead by several Taiwan banks and insurance companies, won the rights to lease the site for 70 years and develop a building, placing the winning bid of NT$20,688,890,000 for the Build Operate Transfer agreement with the city government. The tower is adjoined by a multilevel shopping mall that has the world's largest ruyi symbol as an exterior feature. The tower houses offices, restaurants, shops, and indoor and outdoor observatories. Its design incorporates a number of features that enable the structure to withstand the Pacific Ring of Fire's earthquakes and the region's tropical storms. Taipei 101's postmodernist architectural style evokes traditional Asian aesthetics in a modern structure employing industrial materials. The structure regularly appears as an icon of Taipei in international media, and the Taipei 101 fireworks displays are a regular feature of New Year's Eve broadcasts and celebrations. In 2011, Taipei 101 was awarded a Platinum certificate rating under the LEED certification system for energy efficiency and environmental design, becoming the tallest and largest green building in the world. The elevators of Taipei 101 that transport passengers from the 5th to the 89th floor in 37 seconds (attaining 60.6 km/h (37.7 mph)) set speed records. As of 2023, Taipei 101 is the tallest building in Taiwan and the eleventh tallest building in the world. Upon completion, it became the world's first skyscraper to exceed a height of half a kilometer (about 0.3 miles). However, the Burj Khalifa surpassed Taipei 101 in 2009. The building was officially classified as the world's tallest from its opening on 31 December 2004 (in time to celebrate New Year's Eve). It is owned by Taipei Financial Center Corporation. Taipei 101 ( Chinese: 台北101 pinyin: Táiběi 101 stylized in all caps), formerly known as the Taipei World Financial Center, is a skyscraper in Taipei, Taiwan. Toi 4bak 1 gwok 3zai 3 gam 1jung 4 zung 1sam 1 T'ai 2 Pei 3 Kuo 2 Chi 4 Chin 1 Jung 2 Chung 1 Hsin 1 Tower: 31 December 2004 18 years ago ( ) Ħ1 installed by Toshiba with KONE EcoDisc motorsĮvergreen Consulting Engineering and Thornton Tomasetti Top of Taipei, Taipei Tower, Tower of Taipei
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