The design team saw off strong competition to win the scheme and this is the first glimpse of their winning design.
Gillespies will prepare an urban-design framework and, together with Stanton Williams, will develop the design for Centre Plaza, creating a new space at the heart of London.
The overall concept envisages a raised piazza, which incorporates strong and simple streetscape and built forms, and will be the focus for the wider regeneration of the surrounding St Giles' Circus area.
Stanton Williams has designed sculptural forms to mark the entrances of the new Crossrail and underground station at Tottenham Court Road.
The practice said that drawing the presence of Centre Point down into the underground station reinforces the development's identity in the ticket hall, which will be accessed from the new piazza.
And at night the structures will glow, flooding the piazza with light, creating both drama and security.
Peter Bishop, director of culture and environment at Camden Council said: 'Gillespies' and Stanton Williams' design for this commission will truly help to create a major world space. Their images showing how this might look are really exciting and engaged us all.'
The whole development should be a major focus and rejuvenated space of world quality in time for the 2012 Olympics.