A virtual public meeting is set for September 14 to discuss the proposed construction of three residential towers south of London Road near Afton Drive.
The development by Toronto-based Cantam Group has an estimated cost of between $10 million and $15 million.
The buildings, geared mostly toward Lambton College students, would each be nine stories tall with a total of 234 units and 910 bedrooms.
They would be located behind the Harvey's plaza, about a half-mile from the college, and include room for over 400 parking spaces.
City Planner Max Williams said the project requires amendments to the official plan and zoning bylaw.
Right now, the area is zoned commercial centre but changes have to be made to accommodate ground-floor residences.
"The zoning allows for commercial uses on the ground floor and the residential units would be on the upper floors," said Williams. "Given the fact that only one of the proposed buildings would have only a section of the ground floor being commercial, that's why we have to amend the zoning to allow for the other two buildings to have only residential."
Williams said part of the project includes the demolition of the former Harvey's Bingo building.
He said he's excited about the concept.
"This is the type of development that we've been looking to accommodate for years now but I think the market wasn't really conducive to this type of thing. It's going to fill that void that exists in the community where we have a lack of rental accommodation in the city," he said.
-With files from Dave Dentinger