The project gained momentum with the formal announcement by the Turkish government in 2009, signaling its commitment to transforming Istanbul into a significant financial hub.

[4] The design of TCMB Tower, which belongs to and houses the Central Bank of the Republic of Türkiye (CBRT), was created by Vizzion Architecture's Şefik Birkiye.

It is the tallest building in both Istanbul and Turkey, boasting a construction area of around 300,000 m2 (3,230,000 sq ft) and standing at 60 storeys tall.

[6] Contract negotiations for the Istanbul Financial Center TCMB Phase 1 (Shell and Core) Construction Project were finalized on January 13, 2021 between Çuhadaroğlu Alüminyum Sanayi ve Ticaret A.Ş.

and Limak İnşaat Sanayi ve Ticaret A.Ş., as Çuhadaroğlu was selected to provide a custom design panel system for the project's 69,690 m2 (750,000 sq ft) curtain wall façade, enabling the building to become Turkey's tallest at a minimum height of 320 meters.