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Concept
Taipei 101
Summary
Taipei 101 (; stylized as TAIPEI 101), formerly known as the Taipei World Financial Center, is a skyscraper in the capital Taipei, Taiwan. The building was officially classified as the world's tallest from its opening in 2004 until the 2010 completion of the Burj Khalifa. Upon completion, it became the world's first skyscraper to exceed a height of half a kilometer (about 0.3 miles). Taipei 101 is the tallest building in Taiwan.
The elevators of Taipei 101 that transport passengers from the 5th to the 89th floor in 37 seconds (attaining ) set speed records. 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 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.
Taipei 101's postmodernist architectural style evokes traditional Asian aesthetics in a modern structure employing industrial materials. 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. The tower houses offices, restaurants, shops, and indoor and outdoor observatories. The tower is adjoined by a multilevel shopping mall that has the world's largest ruyi symbol as an exterior feature.
Taipei 101 is owned by Taipei Financial Center Corporation. The skyscraper opened on 31 December 2004 to celebrate New Year's Eve (2005).
In 1997, led by developer Harace Lin, the Taipei Financial Center Corporation, a team of 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 property will return to the city in 2067.
The Taipei Financial Center Corporation (TFCC) announced plans on 2 November 2009 to make Taipei 101 "the world's tallest green building" by summer of 2011 as measured by LEED standards.
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