Editor’s Note: This story has been updated after The City of London Corporation approved plans for the Tulip.

London CNN  — 

First there was the Gherkin, then the Walkie-Talkie and the Cheese Grater. Now London is set to get a skyscraper known as the Tulip.

The City Corporation, which governs the City of London, approved plans for the new tower on April 2, around four months after British architects Foster + Partners revealed designs for the 305-meter (1,000-feet) edifice.