Grand River Development has planned to build Taipei Sky Tower (TST), which is planned for construction in 2020.

TST will be constructed as a mixed-use commercial building at Taipei’s prime Xinyi district.

The 54-story tower will be more than 260 meters in height and will consist of approximately one million square feet in combined floor area.

This building will include a retail podium, luxury hotel, lifestyle hotel, and a theatre house.

Riant Capital's CEO Aaron Chan said: “Due to the unique location and street front exposure of the site, we are able to re-create a new whole pedestrian block comprising of independently operated retail and F&B flagship or concept stores, which are typically found in major international cities such as New York, Tokyo, or Hong Kong.

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"TST will be constructed as a mixed-use commercial building at Taipei’s prime Xinyi district."

"We believe this pedestrian shopping experience will offer consumers an attractive alternative to the traditional department store concept and our innovative approach will further enhance Taipei Xinyi District’s status as a premium business and retail center in Asia.”

Riant Capital is currently in the process of selecting from seven architects to serve as the designer, as well as eight international hotel operators.

Chan added: “By combining global experience and regional market know-how, we are confident that TST will become a new icon in Taipei and the first true international standard mixed-use tower in Taiwan. Our mission is to build the most value-driven, innovative, aesthetically stunning and environmentally friendly tower, which will be appreciated for generations to come.”

Image: The building will comprise a retail podium, luxury hotel, lifestyle hotel and a theater house. Photo: courtesy of Business Wire.