In the drizzle, the towers of Jiangnan fade in and out of view.
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In the tower sense 楼台 is literary, at home in poetry and opera: 杜牧's 多少楼台烟雨中 (how many towers stand in the misty rain). In some dialects it simply means a balcony.
usage
近水楼台 is short for a saying: the tower by the water gets the moonlight first. It means profiting from being close to the source.