Shasti O’Leary Soudant’s proposal for a new public art project on the south face of 95 Perry St. lost by a hair in a public competition to Augustina Droze and Bruce Adams’ mural “Go!” in March.

But her consolation prize wasn’t half-bad: A commission for a eye-popping piece of art to be permanently displayed in the atrium of a new $40 million residential and office development project in a former box factory on Seneca Street.

The new sculpture, a 25-foot bright orange tower called “Weeping Wall,” is set to be unveiled Thursday in a ceremony also celebrating the completion of the atrium. The work was commissioned by Savarino Properties and Frontier Development.

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