The designs by Gehry Partners and Foster + Partners will deliver a cluster of ‘wavy and wonky’ buildings for over 1,300 homes, built alongside a high street of shops and a hotel.
In addition, a 160-room hotel and 350,000 sq ft of retail and restaurant space will be delivered as part of the proposals.
Battersea Power Station Development Company also confirmed it would start work shortly on the reconstruction of the first of the iconic chimneys to the original specifications.
Phase three of the vast scheme will feature a new high street for London, to be known as The Electric Boulevard, which will be the main gateway to the entire Battersea development.
Gehry Partners has designed the five buildings to the east of The Electric Boulevard, to be known as Prospect Place.
These will house double-height retail units at street level, around half of the planned homes, a community park and multi-use community hub.
The Gehry designed element will be anchored by the distinctive Flower building.
Frank Gehry, founder of Gehry Partners, said: “Our goal from the start has been to create a neighbourhood that connects into the historic fabric of the city of London, but one that has its own identity and integrity.
“We have tried to create humanistic environments that feel good to live in and visit.”
Foster + Partners designed the longer undulating building to the west of The Electric Boulevard, to be known as The Skyline.
The top of the entire building is given over to one of London’s largest roof gardens at over a quarter of a kilometre long.
It will also house the other half of the homes, a medical centre and a 160-room hotel within the single building.
Grant Brooker, Design Director and Senior Partner at Foster + Partners, said: “We were absolutely delighted to be chosen by the shareholders of Battersea Power Station to be part of this inspiring regeneration project.”
The Battersea Power Station master plan, designed by Rafael Vinoly, comprises over 3,400 homes as well as offices, shops, restaurants, hotels and 18 acres of open space.