The building is located in Smárahverfi, Kópavogur, where the shopping mall Smáralind is also located. The building has 20 floors and is 77.6 metres (255 ft) tall. The main constructor for the building was Jáverk. The tower was designed by Arkís architects.
Construction started in 2003 and was completed in 2007. The building opened on 11 February 2008.