The winner of the 2017 Pritzker Prize for architecture will be revealed on Wednesday 1 March, it has been announced.

The much-anticipated news will be revealed at 10am Eastern Standard Time.

The Pritzker is the architecture industry's highest honour, and is awarded annually to “a living architect whose built work demonstrates a combination of those qualities of talent, vision and commitment, which has produced consistent and significant contributions to humanity and the built environment through the art of architecture.”

Previous winners include Shigeru Ban, Richard Rogers, Peter Zumthor, Herzog and de Meuron, Zaha Hadid and 2016 laureate Alejandro Aravena.

The chosen architect is awarded a US$100,000 (€943,000, £80,200) prize and a bronze medallion.

The 2017 winner will be selected by a jury consisting of its chair, Glenn Murcutt, architect and 2002 Pritzker Laureate; Stephen Breyer, US Supreme Court Justice; Yung Ho Chang, architect and educator; Kristin Feireiss, architecture curator, writer and editor; Lord Palumbo, architectural patron; Richard Rogers, architect and 2007 Pritzker Laureate; Benedetta Tagliabue, architect and director of EMBT Miralles Tagliabue, Barcelona; and Ratan N. Tata, Chairman Emeritus of India’s Tata Sons.

The Pritzker Prize has been organised and funded by the The Hyatt Foundation since 1979.

High-profile architects who have not previously won, and who may be in the running this time, include Jeanne Gang, David Adjaye, Steven Holl, Kengo Kuma, Bjarke Ingels, David Chipperfield, Daniel Libeskind, Amanda Levete, Santiago Calatrava, Francine Houben and the partners of Diller Scofidio + Renfro.