Tishman Speyer has selected Bjarke Ingels to design a new 65-storey tower in Manhattan, New York City, US.

The tower will be built with an investment of approximately $3bn.

The company secured $1bn in financing from a group of investors for the planned office skyscraper, known as The Spiral.

Tishman received approval for a 25-year tax abatement of $170m. It is also planning to pre-lease about 30% of the building to obtain construction financing, the Wall Street Journal reported.

"The Spiral combines the classic Ziggurat silhouette of the premodern skyscraper with the slender proportions and efficient layouts of the modern high-rise."

The tower features a glass facade, hanging gardens and cascading terraces and offers more than 27,000ft² space for retail shops.

The staircases in the double-height atriums will connect the offices of a company with space on several floors.

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Tishman Speyer president and CEO Rob Speyer was quoted by Real Estate Weekly as saying: "Working with Bjarke Ingels and his team, we have designed a tower that offers stunning green spaces to all and will serve as a significant leap forward in the evolution of the modern, collaborative and sustainable workplace.

"We also view The Spiral as a natural evolutionary step for Tishman Speyer and a perfect complement to our New York City portfolio, which includes such icons as Rockefeller Centre and the Chrysler Building."

The building will also have a lobby with ceiling heights of up to 30 feet.

Bjarke Ingels founding partner Bjarke Ingels said: "The Spiral will punctuate the northern end of the High Line, and the linear park will appear to carry through into the tower, forming an ascending ribbon of green spaces.

"The Spiral combines the classic Ziggurat silhouette of the premodern skyscraper with the slender proportions and efficient layouts of the modern high-rise. Every floor of the tower opens up to the outdoors creating hanging gardens and cascading atria.

"The string of terraces wrapping around the building expand the daily life of the tenants to the outside air and light."