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The performance of a diaphragm wall-anchor structure in spring area in Jinan city, China, is studied. Based on field measured data, lateral wall deflections, lateral soil movements, horizontal displacement of the capping beam, the maximum lateral wall deflection, ground surface settlement, lateral earth pressures on diaphragm wall, internal force of diaphragm wall, axial anchoring forces, settlements of adjacent building, and pore-water pressure are investigated. The results indicate that the maximum deflections of the lateral wall are 0.07%∼0.18% of the excavation depth (He). The ground surface settlement influence zone extends beyond 2.5He from the pit for this project. The δv,max ranges from 0.67 δh,max to 1.0 δh,max. The maximum lateral active earth pressures on diaphragm walls above the excavation bases range between 0.4He and 0.6He. The axial anchoring forces of the top three layers of anchors change significantly during the excavation while the axial anchoring force of the fourth layer of anchor is constant. The deformation of surrounding building has three stages, including a uniform subsidence stage, an accelerated subsidence stage, and a stable subsidence stage.