In late May 2008, a mobile crane and piling rig were on site preparing for construction. It was reported that law firm Davies Arnold Cooper was to take up of office space, and subsequently that the restaurant which was to be at the top of the tower was let. The tower was well under construction, with
steel rebar cages already inserted into the ground, which formed part of the piles that would hold the weight of the tower. In November 2008, another piling rig came into use on the site, as well as steel plates for the piles. By March 2009, the longest piles in the UK had been laid. The previous record holder was
Moor House with foundations deep. They were sunk below
sea level, and below
ground level. In Summer 2009, piling had been completed and workers began excavating deep down, ready to begin constructing the basements. The first crane base was put into place in October 2009. In June 2011, Arab Investments announced that they had secured the near £500 million shortfall in the project, meaning that construction work could resume, and by December 2011 the core had reached the sixth floor. A £140 million loan was provided by
HSH Nordbank which was subsequently extended three times. In March 2012 the project was halted until at least early 2013, due to problems regarding the pre-let. In December 2012 a settlement offered by Arab Investments to contractors Brookfield Multiplex paved the way for construction to resume "potentially very soon". However, in February 2013 it was reported that the part-built skyscraper could be demolished and rebuilt from scratch based on a less expensive scheme. The following month it was understood that several architects had submitted bids to re-design The Pinnacle, including Ken Shuttleworth, the co-designer of
30 St Mary Axe. In April 2013 it was suggested that The Pinnacle would not restart construction under its original design. However, by December 2013, after an extensive design review, alterations to the interior floor plans were made but the costly exterior was retained with no significant changes. ==Sale and redesign==