The 376-apartment scheme will be located on Avebury Boulevard in Milton Keynes, on the site of offices formerly used by Allianz.
Work is due to start on the site in the new year.
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Graham Haydon-White, managing director at Zephyr X commented: "We are excited to see our plans for the transformation of this iconic site into a vibrant residential hub become reality.
“Our vision for 500 Avebury Boulevard is not just about building apartments but creating a community that enhances the lifestyle of its residents and integrates seamlessly with the dynamism of Milton Keynes.”
CBRE is the acting agent on the development.
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