The high rise 500-flat Glasgow Waterfront project at Central Quay is being led by property manager PLATFORM_ and XLB Properties.
If consent is granted the firm hopes to start construction of the £90m apartments by the second quarter of 2019, with a scheduled completion date of summer 2021.
The project arm of London-based XLB Properties will lead construction.
Designed by architect Keppie, the development forms part of a wider masterplan at the Clydeside Central Quay area, which also includes 300,000 sq. ft. of office space and a 150 room hotel.
The developer has already built and operates several similar build-to-rent projects across the UK including schemes in Bedford, Bracknell, Crawley, Exeter, and Stevenage.
PLATFORM_ is targeting the creation of 5,000 units within the next five years, including Glasgow and a similar development in Sheffield, and has a pipeline of 1,000 units currently in the planning stages.
Matt Willcock, Development Director at PLATFORM_, said: “Build-to-rent is a rapidly growing concept around the UK and we’re proud to offer one of the first developments in Scotland.
“It’s a form of accommodation we expect to continue to see across the UK, and one which will play a significant role in helping Glasgow attract and retain talent to support its major economies.
“The site will help further regenerate the Finnieston and Clydeside areas, providing award-winning building design and living space in the heart of a popular, well-connected part of the city.”