A developer has submitted plans for new buildings at Preston Barracks and The University of Brighton.
The project straddling Lewes Road will includes 369 new homes and a student halls of residence with 1,338 rooms.
The university’s Business School will relocate to the site which will also include a hub for small and medium bussinesses dubbed the ‘Central research Laboratory’.
The Central Research Laboratory is funded by Coast to Capital, a partnership between the Council and businesses.
It is hoped that the ‘lab’ will help create hundreds of new jobs.
The development has a working title of Momentum: Lewes Road, and has been designed by award-winning architects, HASSELL, Studio Egret West, TP Bennett and Stride Treglown.
The proposals follow a year of engagement with the local community.
Developers U+I say that they have increased the number of homes on the site, lowered the heights of buildings and planned to provide more community facilities in response to feedback from residents.
The work will take place across the university’s Mithras car park and Watts car park and the Preston Barracks site.
Richard Upton, Deputy Chief Executive of U + I, said: “Working in close partnership with the University of Brighton and Brighton & Hove City Council, we have the opportunity to create meaningful and transformational regeneration in this important mixed-use scheme for Brighton.
“By helping to alleviate pressure on the city’s private housing market, attracting inward investment and developing a thriving hub for local businesses, this scheme will create long-lasting socioeconomic benefit for the local community and the city as a whole.”
Professor Debra Humphris, Vice Chancellor of the University of Brighton, said: “This partnership is aiming to deliver one of the most ambitious and transformational projects for the city in a neighbourhood where meaningful regeneration is long overdue.
“The scheme has the potential to have a huge positive impact both for the local community and wider city, as we look to deliver on our aspiration to create an inspiring place where people can live, work and learn together.”
Council leader Warren Morgan said: “The planning committee will make up their own minds on the details of this scheme.
“However, it’s good to see progress with the council’s ambition to work with partners to regenerate key brownfield sites, in this case providing over 1000 jobs and 350 homes, including affordable homes.”