Work on what would be the tallest residential development in Western Europe is to be reviewed, owing to changes in the market, its developer has said.
The 67-storey Spire London tower was planned for West India Quay in Canary Wharf, with Aecom confirmed as the main contractor for the work last year.
Demolition of the existing building has been carried out by Cantillon, with phase one pre-construction works carried out by Aecom and piling works by Bachy Soletanche.
A spokeswoman for Shanghai-based Greenland Group said: “The completion of these works provided an opportunity for us to assess the project before proceeding with the next step in the construction programme.
“The residential sector in London has changed significantly since Spire London was conceived in 2014. The purpose of the review has been to ensure that our development reflects those changes and remains at the forefront of the market.”
She added: “We are confident in the long-term strength of London as a global capital city and we see continued demand from domestic and international buyers for the unparalleled lifestyle that the city affords.
“We are now assessing these potential changes in further detail to determine whether, on balance, it would be preferable to introduce them to the scheme or to proceed with it in its current form.”
The company said it is in discussions with Tower Hamlets Council about the future, but said “no decisions have been made”.