The scheme will target hospital staff and will push the boundary of the city’s expanding Knowledge Quarter further north.
The Falconer Chester Hall-designed scheme will rise to 14 storeys at its highest point and comprises two buildings tied together by comprehensive public realm incorporating mature planting.
Elliot Lawless of Elliot Group said: “The development of the Royal hospital and the mayor’s recent announcement of a huge expansion to the city’s Knowledge Quarter have acted as a catalyst for our plans.
“Both will add further demand for nearby high quality homes, notably among workers at the hospital and students from the neighbouring medical and dental schools.”
The scheme will contain 142 one and two bedroom apartments for rent to key workers, and 1,007 student rooms.
A planning application has been submitted to Liverpool council and if granted work is expected to start on site in summer 2017.