It looks like a pair of pants. Or a Transformer with one arm.

A proposed $1.3 billion twin-tower development at 447 Collins Street has been approved by Planning Minister Richard Wynne after a compromise to reduce its height by six floors.

The tower will now be 41 storeys. Developer CBUS Property will need to submit amended plans before a planning permit can be issued.

The project has been blocked twice before, first by former Planning Minister Matthew Guy, and, most recently, by Wynne.

The original design was scrapped because it would have cast too great a shadow across sections the Southbank section of the Yarra River.

The design by Woods Bagot and New York-based SHoP Architects features two towers linked by a sky bridge. The proposed development currently covers 2000 square metres and includes offices, apartments, a hotel and a public park.

Via ABC News.