The initial concepts for the construction of the skyscraper comes from the 1950s, but construction finally began in the 1970s and was suspended shortly after the main structure was built.
The work resumed in the late 1980s and was completed in 1991.
The project was modified by replacing the copper-coloured facade with colourless reflective material, which gives a sky-blue reflection on a clear day (hence the current name).
The skyscraper is 120 meters high and has 28 storeys.