Core Viewpoint - The Tianjin 117 Tower, known as China's tallest unfinished building, is set to resume construction with a new permit, aiming to restart work on April 30, 2025, and complete by April 30, 2027 [2][4]. Group 1: Project Details - The project is officially named Tianjin High-tech Zone Software and Service Outsourcing Base Comprehensive Supporting Area Central Business District Phase I, which includes the 117 office building and commercial podium [2]. - The total contract price for the remaining construction is approximately 568.75 million yuan, covering a total area of 418,020 square meters [2]. - The main construction unit is China State Construction Engineering Corporation, with design and supervision handled by reputable firms [2]. Group 2: Background and History - The 117 Tower project began in 2007, with an initial investment estimate of 90 to 100 billion yuan, aiming for completion in 2017 [7]. - The construction faced significant delays, with the main tower's structure completed in 2015, but subsequent work stalled due to financial issues [9][10]. - As of March 2023, the average price for second-hand properties in the surrounding area has dropped to 24,600 yuan per square meter, indicating a significant decline in property values [12]. Group 3: Legal and Financial Context - The project has been under scrutiny due to the bankruptcy proceedings of the developer, Gao Yin Real Estate (Tianjin) Co., Ltd., which were initiated in January 2025 [5][6]. - The local government has expressed commitment to facilitating the project's revival through legal and market-based solutions [6].