UK: Irish investment house Elkstone Partners has revealed plans for the scheme at 39 Corporation Street on the edge of Belfast city centre and close to the Ulster University campus.
The company has already built student accommodation in the Republic of Ireland, including in Galway, Cork and Dublin. It will also open a scheme of 156 student rooms at Bradbury Place in south Belfast over the summer.
Elkstone Partners said the Corporation Street site would address “continued demand for student accommodation” in Belfast.
Ciarán McIntyre, Elkstone Partners co-founder and head of real estate, said: “Located a short walk from the Ulster University campus, the development of 39 Corporation Street would deliver significant regeneration and vibrancy to an under-utilised city centre area steeped in tradition and full of potential. It represents a major investment that will deliver very tangible economic benefits, generating increased footfall and economic activity that businesses will welcome. The 39 Corporation Street scheme would assist in meeting the future vision of a higher density city centre whilst being sensitive to the provision of appropriate and useable external amenity spaces.”
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The scheme is to combine self-contained studios with private kitchens, and clusters of single bedrooms with en-suites and a shared kitchen, living and dining space. There will also be amenities including a gym, laundry, cinema, common room, social space, study area and retail and services on the ground floor.
At the moment, there are empty offices and a car park on the site for the proposed scheme, which is bounded by Corporation Street, Gamble Street and Tomb Street.
A spokesman said: “Further information regarding the 39 Corporation Street proposal will be provided in the coming weeks as Elkstone Partners delivers a community consultation period that will include public information events and media advertising.”