The distinctive pink/red-clad blocks will be built on four former car park plots of land at Love Lane and Pall Mall in the Vauxhall area, with buildings ranging from nine to 11 storeys.
BDP designed the project with M&E consultant Steven A Hunt & Associates. Two of the blocks will be built above existing Network Rail-owned railway arches.
As part of the proposed reuse of the site, these existing railway arches would be transformed into commercial space. The scheme will also include car parking space and communal courtyards.
The project is expected to cost around £100m to build.