The Vauxhall development, known as ‘Jenga tower’ was approved at a meeting of Lambeth Council’s planning committee on Tuesday night.
The London Evening Standard reported the project will see two new towers with 450 new apartments, a private gym and cinema, winter gardens and office space.
It is expected to go up over the next five years.
Plans for a 42-storey tower were approved by Lambeth council in 2009 but later thrown out by Secretary of State for Communities Eric Pickles over fears of a lack of public space.
Developers McGrove Properties and Vauxhall Bondway say the office space will attract 319 new full time jobs and 753 construction roles.
However, some local residents and groups objected to the applications.
One man said the 179m northern tower would plunge more than 70 people into darkness during winter afternoons.
“The lack of direct sunlight will affect us quite badly. This will stop 40 per cent of day light we would get during afternoons in winter and autumn.”
Westminster Council and English Heritage objected to the application over concerns it would affect views of the Houses of Parliament and Westminster Abbey. Other fears raised were that the towers could overshadow Vauxhall Park.
Agent Toby Baines told the meeting: “Since the beginning of this project we have been determined to address the criticisms [from the rejected scheme]. We are now proposing a much improved mixed-use development.
“This is a sustainable development of the highest quality that delivers substantial public benefits and contributes positively to Lambeth’s regeneration of Vauxhall.”
Image via New Bondway