Teesside University has applied for planning permission to build a new conference centre.
The facility will be built as part of a teaching hub and will cost around £20 million.
Planning documents outline the extensive landscaping that will be needed for the project – as well as general improvements to the surrounding area in Middlesborough – one of the most deprived towns in the UK.
Additional facilities in the new hub will include a student's union and a library – as well as training rooms.
Professor Graham Henderson, vice-chancellor of Teesside University, said: "We are delighted that the university is thriving and that we can continue to grow and invest in our campuses at Darlington and here at Middlesbrough."
He added the project would be developed in conjunction with feedback from the community and that it would benefit the regional economy greatly if approved.