It looks like the plans to develop Europe's tallest residential building are set to for forward. The Inacity Tower will be a 60-story tower located next to Manchester Piccadilly station in England. Ballymore, and international property development and investment group, has now taken a 95% interest in what is also being called the Piccadilly Tower project. The tower will have 430 residential units in phase one and the second phase will add an additional 267 residential units added and a luxury hotel. Construction is set to start early next year. No completion date or potential pricing has been released yet.