Phase 1 includes 991 homes as well as 8,000 sqm of commercial space, all set within 17,000 sq m of public open space.
Phase 2 will provide further commercial space and up to 584 homes.
The landmark proposals, which received outline planning consent a year ago, are set to radically transform the centre of Coventry, creating a pedestrian-friendly residential, shopping and leisure hub.
Subject to planning permission, work on site is expected to start in Summer 2024, with the first homes delivered by the end of 2026.
Designed by architect Allies & Morrison, the residential buildings range in height from five to 19 storeys with envelopes in seven different brick tones and ribboning brickwork effects.
City Centre South forms a major element of the wider masterplan for the regeneration of Coventry, which has already delivered a major upgrade to the railway station.
The first phase of Grade A commercial space at Friargate and The Wave indoor water park are now both complete, all part of a £750m investment across several projects in the heart of the city.