The building is located on a 24 000 m² plot of land near the Lujiazui metro station and was built at an estimated cost of 530 million USD[citation needed].
It was designed by the Chicago office of Skidmore, Owings & Merrill. Its postmodern form, whose complexity rises as it ascends, draws on traditional Chinese architecture such as the tiered pagoda, gently stepping back to create a rhythmic pattern as it rises. Like the Petronas Towers in Malaysia, the building's proportions revolve around the number 8, associated with prosperity in Chinese culture. The 88 floors (93 if the spire floors are counted) are divided into 16 segments, each of which is 1/8th shorter than the 16-story base. The tower is built around an octagon-shaped concrete shear wall core surrounded by 8 exterior composite supercolumns and 8 exterior steel columns. Three sets of 8 two-story high outrigger trusses connect the columns to the core at six of the floors to provide additional support.
The foundations rest on 1,062 high-capacity steel piles driven 83.5 m deep in the ground to compensate for poor upper-strata soil conditions. At the time those were the longest steel piles ever used in a land-based building. The piles are capped by a 4 m-thick concrete raft 19.6 m underground. The basement's surrounding slurry wall is 1 m thick, 36 m high and 568 m long, and composed of 20,500 m³ of reinforced concrete.
The building employs an advanced structural engineering system of wind and earthquake engineering which fortify it against typhoon winds of up to 200 km/h (with the top swaying by a maximum of 75 cm) and earthquakes of up to 7 on the Richter scale. The steel shafts have shear joints that act as shock absorbers to cushion the lateral forces imposed by winds and quakes, and the swimming pool on the 57th floor is said to act as a passive damper.
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