The objective of this research is to investigate the characteristics of the deformation response in adjacent subway tunnels caused by deep foundation excavation of reclaimed land. Focusing on a deep foundation excavation project situated in proximity to Line 11 of the subway in Shenzhen, this study employs theoretical analysis, numerical simulation, and on-site measurements to thoroughly investigate the deformation issues induced by the unloading of the excavation. The research results are as follows: using the energy method to calculate the uneven deformation of adjacent subway tunnels caused by the excavation can overcome the limitations of traditional algorithms, which treat the subway tunnel as a uniformly elastic foundation beam, resulting in more reasonable calculation results. Increasing the self-stiffness (EI)_eq of the tunnel can effectively reduce the maximum displacement (w_max) of the tunnel, and as (EI)_eq increases, its “weakening effect” on w_max gradually diminishes. Underground continuous walls can effectively control tunnel deformation, with tunnel displacement decreasing as the thickness and concrete strength of the continuous walls increase. “Long excavation” deep foundation excavations can impact the displacement and uplift range of the tunnel, with the maximum tunnel displacement showing a nonlinear decrease with increasing excavation depth. Tunnel displacement decreases as geotechnical parameters (elastic modulus E, internal friction angle φ, and cohesion C) increase, with the elastic modulus being the most sensitive parameter. The research findings can be applied to tunnel construction, maintenance, and safety evaluations, providing valuable references for similar engineering projects in the future.