Lend Lease’s 10-story cross-laminated timber (CLT) building, Forté, located in Victoria Harbour, celebrated its topping out last week, Architecture Source reports. This building is slated to be the tallest timber building in the world, according to the builders.

Lend Lease calls the 32-meter-tall project “the most significant form of innovation in construction technology that Australia has seen in many years."

The eight-story Stadthaus in London, by architectural firm Waugh Thistleton, is currently considered the world's tallest timber building.

The AU$11 million project (US$11.6 million) was announced in May and is scheduled to reach completion in November.

"Once complete, Forté will house 23 boutique residential apartments and four townhouses with prices ranging from AU$430,000 to AU$795,000 (US$453,000 to US$838,000),” according to the Sydney Morning Herald.

Find previous CTBUH coverage of Forté here.

Forté's website has more information on CLT and a live webcam of the construction site.