The proposed scheme at the 14 acre site includes office and studio space for the BBC as well as up to 1,000 new homes, offices, a hotel and public open space.
The Television Centre will be opened up to the public for the first time and the forecourt will be remodelled with shops and leisure and entertainment facilities. The listed building at the Centre will be retained.
Stanhope said in a statement that BBC Studios and Post Production plan to return to the building in 2015 to operate three studios and that BBC Worldwide will move into headquarters on the site in 2014 following refurbishment.
The site is designated for employment, media, creative and residential uses in the Greater London Authority's White City Opportunity Area Planning Framework.
“Since we acquired TV Centre in July 2012 there has been a tremendous team effort between our Project Team, the BBC and the Planning Authorities to pull together the planning application for this iconic site," said Stanhope chief executive David Camp.
“A good deal of public consultation has also taken place and, we believe that this application will enable TV Centre to be rejuvenated to be the key hub within the White City area. Most importantly, for the first time in 50 years, the site will be opened up creating routes through the site and bringing new public life and spaces with a vibrant and exciting mix of retail, leisure, office and residential use," he said.
“We are very excited to be working in this unique partnership with Stanhope to redevelop Television Centre into a truly public space that builds on its history, protects its place in the local community and greatly improves the audience and visitor experience, with better facilities and attractions for those coming to see shows recorded in its iconic studios from 2015," said BBC director of operations Dominic Coles.