The plans include 45,000 sq ft of modern teaching and learning space and 260 student beds.
Knowledge Quarter Liverpool is a 450-acre urban innovation district and is home to influential players in science, health, technology, education, music and the creative and performing arts.
The latest building for the college will be 12-storeys and act as a gateway to the University of Liverpool campus.
Leelee Yates, director of LIC, said: “With the College growing and requiring more space and the University needing to increase its use of the building, this was the right time for us to develop our own purpose-built facility.
“Students are increasingly demanding when it comes to student experience, and this new facility will allow us to continue to attract the very best students from around the world to the city.
A planning application will be submitted for the proposed new facility next month.
The project team is:
QS – Pulse Associates
PM – Pulse Associates
Structural Engineer – Curtins
M&E – Building Services Design
Planning – Jones Lang LaSalle
Building Control – Liverpool City Council
Landscaping – Ares