The facility will be located near to Belfast Metropolitan College and will house just over a thousand students.

The developers, Watkin Jones-Lacuna, are some of the city's most active student housing builders.

Redevelopment of the Athletic Stores building on Queen Street is one of their other projects.

According to Anthony Best, Managing Director of Lacuna Developments, the project was created in response to requests from college and university students.

"Belfast is a great city, with a growing knowledge economy that needs students and graduates living here to be successful," he stated.

In the last ten years, a significant number of student housing has been constructed in Belfast's downtown.

These have mostly been located to service the new Ulster University campus on the northern edge of the city centre.

In the southern portion of the city, near Queen's University, a growing number of projects are planned or already underway.

A new Global Innovation Institute is scheduled to debut in Queens'

Titanic Quarter next year, marking an expansion of the organization's current operations.

There was a mixed reaction to the housing scheme's pre-application survey, with some people raising concerns about possible noise disturbances for the neighbouring Arc flats.

Among the encouraging comments was the expectation that it will contribute to the expansion of local tourist enterprises.