The 70-story tower, set to be South America’s tallest building and the second-tallest in the southern hemisphere, after Queensland’s Q1, is part of the Costanera Center in central Santiago. The Costanera Center is a vast retail and leisure complex, which will feature four skyscrapers, two hypermarkets, a six-storey shopping mall and two hotels.

With the developer Cencosud apprehending that it would be difficult to find tenants during the recession, work on the $0.5 billion center was put on hold, which recommenced after the UN Economic Commission for Latin America predicted that the continent’s GDP would expand by 4.1% in 2010.

Torre Gran Costanera was designed by Pelli Clarke Pelli, Chilean architects Alemparte Barreda y Asociados, and by the Canadian company Watt International.