The building project has NOT been approved yet. It's indeed in investigation phase where debates and argumentations are conducting.

The firm that behinds the building is called "Broad Group", it's world's leading absorbing chiller type of central air conditioning manufacturer. http://en.wikipedia.org/wiki/Broad_Group

Here is the latest accurate version in Chinese. Run it through Google Translate to see it. http://news.sohu.com/20120619/n346011745.shtml