Plans to build a symbolic new landmark in Quebec City are finally being realized with a $600 million investment in Le Phare de Québec, a mixed-use complex that will feature a 65-storey tower—the tallest east of Toronto.

The skyline will be further endowed with three sister towers between 25 and 30 storeys each, all set to transform the former Auberge des Gouverneurs site and pay homage to the origins of the city.

“A major port for the imposing sailing ships that transported passengers and cargo along the majestic St. Lawrence River, Quebec City quickly flourished as an economic centre,” said Michel Dallaire, chairman of the board and chief executive officer of Groupe Dallaire, site developer. “Le Phare de Québec, with its sleek lines reminiscent of the sails of these tall ships, will stand as a reminder of how they shaped our history.”

The two million square feet of floor space, which will rise in the Boulevard Laurier business hub, will house office, commercial, residential and hotel areas.

Groupe Daillare intends to continue developing the neighbourhood, helping to “design the city of tomorrow.”

Work is expected to begin in 2016 and extend over a ten-year period, creating about 350 jobs.