Two 38-storey towers could replace the West Georgia White Spot, and a gravel lot beside it, which is currently being used as a dog park.
A four-storey podium would connect the two towers on the site located from 1608 to 1616 West Georgia at Cardero Street.
IBI Group filed the rezoning application for the property. Pelli Clarke Pelli Architects and PFS Studio land architects are also involved.
The property sold for a reported $245 million in 2017.
The buildings, each measuring 385 feet, would feature 455 strata residential units — 200 in each of the towers and another 55 in the podium.
The application is being considered under the West End Community Plan and the Rezoning Policy for the West End.
An open house for the project is on May 23.
Several other towers are proposed for that stretch of West Georgia, including a 33-storey residential building proposed for 1698 West Georgia at Bidwell Street, which used to be home to a Chevron gas station, and a 49-storey tower proposed for 1450 West Georgia at Nicola Street.