The £2.2 million development will replace an existing 1960s single-storey building with a 4-storey brick and timber mixed-use development, which will include 24 flats as well as a new library.
Led by Bournemouth Borough Council and East Dorset Housing Association, the 2,500m 2regeneration project will offer a mix of one- and two-bedroom flats and will feature a sedum roof.
Describing the design, a spokesman said: 'Vertical coloured panels are arranged sporadically along the fenestration, emulating book binds on a shelf.
'The coloured, glazed street frontage, which offers views of the main library space and computer suite at mezzanine level, will encourage use and attract activity, bringing a much-needed boost to the retail centre.'
The practice is also hoping to sign up a local artist to produce an in situ ironmongery art work at the entrance to the scheme.