Russia Tower was planned for Moscow and would have been the world's tallest naturally ventilated building but has been axed due to the financial crisis.
In February, reports emerged that it was to be scaled down to 200m.
'We have taken the decision not to build it,' Alexei Vedenskiy, head of special project in the Moscow city government told the Daily Telegraph.
'As to how to use this space, it will either be a park or car park.'
Spokespeople for Lord Foster said his office had not received confirmation of the axing.
