An Irish consortium has been selected to design and build the €200m landmark U2 Tower in Dublin docklands.
Work is due to begin next year and to be completed in 2011.
The Dublin Docklands Authority Chief Executive Paul Maloney has said that the building will be breathtaking and inspirational and will offer spectacular views over Dublin Bay.
It will include a hotel and residential and retail areas, as well as a recording studio for the band.
The DDDA also said that the building would feature a public viewing area at 100m, a public amenity area at its base and 20% social and affordable housing.