The £150 million skyscraper, submitted for planning in July, will rise 133 metres above Broad Street.
Crowned by a helipad, its 39 storeys will incorporate ground and mezzanine retail units, a 150-bed hotel with roof gardens, and about 350 apartments - a mixture of one- and two-bedroom flats.
Development of the site will be taken forward by Richardson Cordwell, which has completed a number of leisure developments in the area. These include the nearby Regency Wharf complex, also on the city's central Broad Street.
The architect hopes the new scheme will bring some prestige to the address - 212-223 Broad Street - once the home of the infamous nightclub Tramps and now a temporary car park.