A Japanese firm was one of five shortlisted entries in an international competition to design a new Aldgate, but was beaten by a proposal called London Gate, by Donis of the Netherlands, the London Press Service reported on 10 August.
Vertical Forest, by Sou Fujimoto Architects, vied with nearly 100 innovative designs received from places as diverse as Mexico, Germany and Dubai.
The new temporary landmark on the eastern edge of the City of London will stand for the duration of the 2012 London Olympic and Paralympic Games.
The Architecture Foundation awarded a first prize of £3,000 and shortlisted entrants each won £1,000.