TORONTO — Canadian architectural firm Giannone Petricone Associates has unveiled plans to build a 79-story golden tower in Toronto.
The skyscraper would be 266 meters in height.
The building's exterior resembles a pleated curtain which reflects sunlight from different angles to create a sense of movement, according to Urban Toronto.
The development would cover a gross floor area of roughly 121,965 square meters.
It would include three levels of retail space at the bottom of the building, while the rest of the tower would be residential.
The building's main lobby would include escalators to the tower's shopping areas, while elevators would be available for residents looking to return home or visit the building's sky lobby.
Architects have also proposed a five-level underground garage and 500 bicycle parking spaces, reports Urban Toronto.
Once completed, the building would be connected to Toronto's Bay subway station.
According to Urban Toronto, if the building was completed today, it would be the fifth tallest building in the city.
Toronto is expected to surpass Chicago as home to the second highest number of skyscrapers in North America, Bloomberg reports , citing data from the Council on Tall Buildings and Urban Habitat.
The city is currently home to 67 skyscrapers.
Toronto currently has 31 skyscrapers under construction and has proposed an additional 59 towers.
Chicago now has 126 skyscrapers and 19 other skyscrapers that are either under construction or have been proposed.