The plans, which were put forward by the Mersey Property Company this week, are for a 115-metre tower which will dramatically add to Liverpool's ever-growing skyline.
The £80 million scheme includes a luxury 135-room hotel and 183 apartments, housed in a 36-storey tower.
Should the project get the go-ahead it will join a cluster of skyscrapers, including the Beetham Tower, the West Tower and the City Lofts and Alexander apartment towers on the Princes Dock site.
RMJM's Roger Whiteman said of the scheme, 'Liverpool has always been a city defined by its architecture and its people. The building has been carefully modelled to respect prominent views to landmark buildings such as the Three Graces.
'The development relates well to the cluster of taller buildings at this important northern gateway to the city centre. It will be built using a varied palette of materials, which will be a clean and modern interpretation of the city's industrial heritage.'
The developer has been working closely with CABE and English Heritage in its bid to secure planning permission by October.
A spokesman for Mersey Property Company said: 'We aim to deliver an iconic, high quality development for the city's capital of culture.
'We are conscious of the heritage that surrounds the site and have been committed to extensive and thorough consultation with all the main parties who, like us, have Liverpool's best interests at heart.'