The tower is planned on a site next to Nampo-dong station on Busan Subway Line 1 .

[3][1] The tower is the centerpiece of the new Busan Lotte Town and construction is being carried out in four phases.

[4] The design of the skyscraper is intended to resemble a standing ship, in reference to the city's harbour.

[4] The tower's underground parking space will be able to house over 2,400 cars.

In September 2013, the construction work was stopped due to the lack of funding.