The Arrowhead Quay residential development will consist of two towers of 55 and 50 storeys and contain a total of nearly 800 apartments with shops on the ground floor.
The new plans boast a sky garden accessible to all residents and 42 affordable homes.
Drawn up by Ballymore’s subsidiary Arrowquay Commercial, the latest 175m high scheme replaces previous permission for a 26-storey and 16-storey office development.
The developer completed the partial construction of the earlier proposed basement structure but ditched the 525,000sq ft office plan when marketing of the project failed to attract interest from tenants.
A consultation period began last week and will run until February 18.