The site is located in Frankfurt's financial district, the Bankenviertel, at the corner of Neue Mainzer Straße and Taunustor.

The project developer is real estate building and operating company Tishman Speyer which also built the Messeturm and the Opernturm in Frankfurt.

One of the approved locations was the estate owned by Commerzbank and Rheinhyp at Taunustor, right at the heart of Frankfurt's financial district.

Meanwhile the Rheinhyp became part of real estate bank Eurohypo and moved to Eschborn, therefore Commerzbank took over responsibility for the property.

At the end of the same year Tishman Speyer and Commerz Real bought the property and said that they would build the tower unchanged from the previous design.