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City council approved a plan on Wednesday to build Ottawa’s tallest building.

Richcraft proposes to build a trio of towers at 845 Carling Ave., just west of Preston Street. The tallest, at 55 storeys, will soar over Dow’s Lake and Little Italy, as will a second tower at 45 storeys. A third tower is slated to be 18 storeys.

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Designed by Toronto architects Graziani and Corazza, the project would have a total of 1,120 units, ground floor commercial space, and a large plaza accessible to the public.

In exchange for allowing the added height and density beyond levels permitted by the current zoning, the city will receive nearly $3.4 million from the developer for “community benefits.”