The state of Hawaii has revealed the names of companies vying to construct what could be Hawaii's tallest skyscraper, known as 690 Pohukaina. Forest City Enterprises Inc. and Lend Lease have officially submitted bids for the $500 million project.

Currently the tallest building is Honolulu's 429-foot First Hawaiian Center.

Find a list of Honolulu's current tallest buildings here.

Forest City, which is based out of Cleveland, has undertaken is known for building projects in Denver, San Francisco and New York, Pacific Business News reports. Australian-based Lend Lease has reportedly completed 450 residential projects in the United States.

The 650-foot 690 Pohukaina tower would include 300 residential units for sale or rent at fixed, middle-income prices, according to local media. It will also include 500 market-priced units.