Inland Homes plans to build housing on the site, which has a long connection with television broadcasting in Southampton but was closed in 2008 and has since laid derelict.
After two previous schemes have been put forward but not gone ahead, Inland is now set to get planning permission for its £70m Meridian Gardens scheme. This will provide 351 homes, comprising of 145 one bedroom homes, 174 two bedroom homes and 32 three bedroom homes. The site will contain properties ranging in height from 2 storeys to 13 storeys.
The site will also have shops and offices as well as an extension of the local park to the waterfront and a new waterfront walkway.
Inland Homes chief executive Stephen Wicks said: "We are delighted that Southampton City Council has resolved to grant planning permission for the Meridian TV Studios site. This project has a gross development value of approximately £70m and will provide much needed homes for the Southampton community. We believe that this decision is a reflection of Inland's expertise in planning, and development and are confident that this project will benefit the local community."