The scheme designed by architect Apt will consist of buildings rising to 28, 36 and 48 storeys.
Located at 2 Trafalgar Way, the project is set to include 672 student beds destined for University College London, and 80 university key workers flats. There will also be 41,000 sq ft of office space and a large McDonalds restaurant.
The scheme will also feature a skybridge between the two tallest towers at around the 10 floor of the buildings.
A contractor for the project has still to be selected but work is expected to start on site in the first quarter of 2022.
The project aims to achieve exemplar sustainability credentials, targeting BREEAM Outstanding and Passivhaus certification, which once achieved, will make it the largest Passivhaus development in Europe.
The proposals also focus on sustainable transport, with approximately 1,500 cycle spaces provided across the site, which, together with much-improved public realm and better connections to the local cycle network, will ensure that the site becomes more integrated and accessible to local communities