Both developing and developed countries are facing a series of difficulties and challenges in the process of urbanization. In recent years, in order to alleviate the problem of urban congestion, underground space has developed rapidly, and the excavation of foundation pit is the most important step in the development of underground space. This paper takes the foundation pit of the tunnel under construction in Suzhou as a research object. The design width of the foundation pit reaches 61.5 m and the depth reaches 18 m, so it belongs to the super wide and deep foundation pit. Numerical analysis is performed by finite element software to calculate the deformation of the foundation pit. The research shows that the main problem to be solved is the deformation of the foundation pit, and the deformation of side wall of foundation pit tunnel is the most obvious. The maximum deformation of the side wall of the main tunnel and the auxiliary tunnel reached the maximum at 15 m. The maximum deformation of the main tunnel is about 1.3 cm, and that of the auxiliary tunnel is about 0.9 cm. Through targeted design and construction, the mechanical performance of the foundation pit retaining structure is optimized, and the stability of the foundation pit is strengthened. The reasonable retaining structure can ensure the good construction quality. The design and construction of the project can provide reference for related engineering construction.