If it had been built, the tower would have stood 318 meters (1,043 feet) tall, contain 52 floors, and be completed in 2003.
[2] The upper floors, on clear days, would have offered views of both the Pacific and Atlantic Oceans.
However, the economic conditions in 2001 forced the cancellation of the project in August of that year.
[2] Later two more projects suffered similar fates in Panama City.
A 381 m (1,250-foot) 104-story residential and hotel building named Ice Tower was canceled June 2007,[3] and Palacio de la Bahía was to be 353 metres (1,158 ft) tall with 97 floors.