Chinese firm Greenland Group has secured approval from the London Borough of Tower Hamlets to construct a 67-storey residential tower in Canary Wharf.
The 240.5m tall residential building at West India Quay will comprise around 870 flats.
The building is a clover shaped structure and has been designed by architect HOK to provide an optimum view of the city's skyline for each flat.
The structure's basement will have a depth of 11.7m.
The tower is a redevelopment of Hertsmere House and about 50% will be be fitted with vision glass, while the other half will have an insulated metal panel backed glass wall.
The insulated glass wall will give an appearance of being completely glazed from outside.
Of the 870 flats, 96 have been allocated as affordable residential units.
The demolition and construction phase will take 55 months in total, during which more than 900 construction workers will be employed.
Planning approval was previously given for a 242m tall, 63-storey commercial structure; however, the new plan has residential units.
Greenland Group senior planning manager Setareh Neshati was quoted by Constructionenquirer as saying: "This is Greenland Group's most important project in Europe."
The Shanghai firm is also developing the Ram Brewery plan in Wandsworth, London.