Willmott Residential is proposing to build 560 units across three landmark towers in Woking.
Designed by Rolfe Judd architects, the 17, 25, and 34-storey buildings would be located on Goldsworth Road.
The project also includes developing 10,000 sq m of new office space, along with public realm improvements, retail space and new leisure facilities.
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Willmott Residential chief executive Nic Simpkin said: "We're delighted Woking Borough Councillors have approved Prime Place's vision for the regeneration of Goldsworth Road. It will provide new homes and office space for Woking and bring an attractive outdoor space to the area around Goldsworth Road which all local residents and visitors can make full use of. It underlines our ambition to be recognised for delivering vibrant new homes, communities and places."
(LM)
