The developer has lodged an application with the city council for a 444-apartment building, the second part of its Greengate cluster.
Designed by Denton Corker Marshall, the tower would be built on a plot bounded by Trinity Way, Collier Street and Boond Street.
The 371,000 sq ft building would feature 7,000 sq ft of commercial space on the ground floor as well as a mix of one-, two- and three-bedroom apartments.
Renaker is already on site at Greengate delivering the 52-storey Colliers Yard, designed by OMI Architects, the first building to come forward in the masterplan.
Colliers Yard is expected to complete by January 2024 and construction of the second tower is due to begin next January, subject to planning approval.
The third tower, which has outline consent for 518 units, is scheduled to complete in 2028.
In total, Renaker’s Greengate trio will provide almost 1,500 homes.