The world's tallest residential building will honour F1 racing legend Ayrton Senna.
Senna Tower is set to stand over 500m high when it is constructed in the southern Brazilian city of Balneário Camboriú.
The current tallest residential skyscraper is New York City's Central Park Tower at 472m.
Construction firm and developer FG Empreendimentos say the skyscraper will cost £415m and is scheduled "to launch" in the last quarter of 2024.
The company say the project is a co-branding with Marca Senna, a brand created by Ayrton Senna himself.
The concept for the building has been designed by the driver's niece Lalalli Senna, who is described as a visual artist and anthropologist.
Lalalli Senna said: "Every great story begins with a journey. A journey of discovery, growth and transformation. The Senna Tower is a work of art of monumental proportions: a symbol that inspires us to seek to overcome our limitations and express the greatness within us.
"The tower has this architectural form precisely to symbolise this heroic journey of overcoming our ideals and the manifestation of our deep potential."
FG Empreendimentos say the Senna Tower has already received approval for the Neighborhood Impact Study (EIV), the Environmental Implementation License (LAI) and approval from the city government of Balneário Camboriú.
They said the development "embodies Ayrton Senna's story of overcoming obstacles, which inspires people of all generations".
It will feature 228 units, including 18 'suspended mansions', 204 apartments, 4 duplex penthouses, 2 mega triplex penthouses and 8 high-speed elevators.
There will be 6 private leisure floors, distributed across several floors of the development, in addition to a roof top area exclusively for residential use.
Ayrton Senna died as a result of an accident while leading the 1994 San Marino Grand Prix, driving for the Williams team.
