The developer with partner Frogmore Estates plans to submit the proposal to convert iconic tower from mixed-use to 82 luxury flats next month.
The huge refurbishment will not see any part of the iconic grade-II listed tower demolished.
The building will be upgraded to cut energy consumption with new high performance glazing, a central combined heat and power system and sedum roof.
Architect Rick Mather is designing the retail parts of the scheme and integrating the public realm area with Conran & Partners designing the West End tower’s apartments, varying fro 800 sq ft to 6,000sq ft in size.
Kathrin Hersel, Almacantar development director, said: “The solution we found for Centre Point would secure its long term future and if that’s not coming forward the listed building as such would be at risk.”
Almacantar, which is run by former Land Securities director Mike Hussey, bought Centre Point for £120m two years ago after its previous owner Targetfollow went into administration.