I am sure it won't be allowed to be taller than the Empress. 
If there's one thing TELUS is very good at, it's pouring lots of money into City initiatives in order to get their way. I was working for a small town in the Okanagan where they wanted to install fibre. They essentially bankrolled a major infrastructure project to as part of their municipal approval process. They have absolutely no problem with paying off municipalities in a very open and transparent way. It's essentially part of their mandate, for fibre installation anyways.
I've said it here before. Some top level TELUS people have said they want this to be something that stands out when you fly in on a sea plane. Good location for that, so long as it emerges above the Empress.
The resources and design ability of TELUS and Jawl together will make for a heck of a front against Council. I have to imagine there will be a residential component to this.