Following five years of delays and challenges from local councils, the city of Paris has approved plans for the "Triangle Tower" – a translucent high-rise that bears some resemblance to the Louvre Pyramid.

First unveiled by Swiss architecture firm Herzog & de Meuron in 2008, the 41-storey mixed-use building, which is being developed by real estate firm Unibail Rodamco, will be situated near the Porte de Versailles in the 15th arrondissement of the city.

Key features of the property will include a 120-key hotel, an auditorium, retail outlets, dining outlets and terraces, and a 500 sq m atrium "dedicated to art, design and architecture".

Initial proposals for the project were rejected in 2014, but a municipal court on Monday (6 May) overturned the decision, ruling that complex would not affect the harmony of the local area.

"It will not only be a landmark from which the urban panorama can be experienced, but also an outstanding silhouette in the system of axes and monuments of the city," commented Herzog & de Meuron in a statement.

Due to be completed in 2024 ahead of the Paris Summer Olympics, the Triangle Tower will be the third tallest structure in Paris, after the Montparnasse Tower and the Eiffel Tower.