It is historically and architecturally the most significant of the 47 public housing towers in Victoria.

It attracted international attention from architects in America, Italy, England and the USSR, and was published in several overseas sources including the RIBA Journal in January 1971.

The City of South Melbourne also gave it a special award, as the best residential building erected in the municipality that year.

[1][2] Park Towers has 299 properties and is entirely owned and managed by Homes Victoria, a government agency that sits within Department of Families, Fairness and Housing.

The buildings colours, red and white, reflected the suburbs local football team the South Melbourne Swans.