The application on behalf of developer Land Securities, lodged with Westminster City Council last Friday, will create 200,000m2 of office, retail, leisure and residential space on the key plot around the famous London station.
Included in the detailed document are plans to 'incorporate significantly improved high-quality public realm' across the site, which stretches from Buckingham Palace Road in the west to Bressenden Place to the north and Victoria Station to the south.
The scheme, which falls under an original masterplan drawn up by KPF, also includes improvements to the District and Circle Line underground station, the 'pedestrian environment' and facilities for cyclists.
Commenting on the submission, Mike Hussey, managing director of Land Securities' London Portfolio said: '[Victoria] is a vitally important transport hub for London and the opportunity exists now to address the capacity constraints of the transport network at the same time as reversing the deterioration in the environment surrounding the station.'
He added: 'Victoria Street will be the centre of a reinvigorated part of the West End, rather than a conduit to other areas.'
A public exhibition of the designs will go on show at the SW1 Gallery, Cardinal Place, 12 Cardinal Walk from 19 - 22 September.