The developer has submitted a planning application to transform the Trafford House, once home to more than 800 Ford workers, into luxury flats.
Godfrey Bradman, spokesman for the developer, said: “We believe the proposal is a major step forward for the continuing enhancement of the town centre.
“The present building is outdated. It’s heavy facade makes it dark and unwelcoming. Our plans will transform it into a light, airy place to live.”
The last Ford workers left Trafford House earlier this year. It was built in 1974 and in its heyday was home to more than 800 Ford workers.
Colonade proposes to add an extra story to the building to accommodate penthouse flats.
Tony Ball leader of Basildon Council added: “I think these plans look very exciting. It’s making use of an empty building and will help encourage people to live in the town centre by offering aspirational housing.”
The plans will go before the council’s planning committee later this year.