Under the proposals the six upper floors of the building will comprise office space, with shops and offices at the ground floor. The existing 19th century facade at 20 Abchurch Lane to the west of the site will be reconstructed as part of the scheme.
The development will sit over and around the new station entrance planned as part of a wider £500 million redevelopment of Bank Station, which will be the subject of a separate application Transport and Works Act Order (TWAO).
TfL said in its planning statement submitted with the application that the scheme would replace the current "life-expired" office buildings at the site with "higher standards" of office and retail floorspace "to meet modern business requirements".
The City of London has set a target date for determining the application of 20 June 2014. TfL said it plans to submit its TWAO application for the wider station redevelopment to the secretary of state in mid-2014.
