The partners propose to build a 1m sq ft scheme made up of an 80,000 sq ft Sainsbury’s and around 700 flats spread across three towers ranging from 120m to 90m and 62m in height.
The homes will be a mix of 1-4 bedrooms and private and affordable.
The 13-acre scheme, designed by architect Rolfe Judd, will also accommodate the Nine Elms station on the Northern Line extension and is one of the key projects in the regeneration area.
It is the second major housing project being worked up by the trio. Last year Barratt and L&Q bought an 8.5-acre site from Sainsbury’s for a £420m residential-led scheme in Fulham Wharf.
Barratt (West London) is presently tendering work packages on the 463 flats and supermarket project after demolition got underway at the site last Summer.