The 520 bed facility on Kennedy Street will also include ground floor retail spaces and a student hub arranged around a landscaped courtyard.

Oberlanders said the design concept is inspired and informed by the industrial heritage of the once famous foundry formerly located on the site.

In their design statement Oberlanders noted: “The proposed development form sees a four storey streetscape along the majority of Kennedy Street. A strong linear retail frontage sits beneath three storeys of residential accommodation. An elevated end-stop defines the courtyard entrance.

“Along North Wallace Street, building heights drop to a two storey ‘mews scale’ reinforcing the hierarchy of street and side street. To the rear, development remains within six storeys.

“Stepping down to four storeys brings sunlight from the south, with the further step down to two storeys to the west drawing the lower lying evening sun through the long courtyard towards the common areas and external terraces.”

Finalised colour schemes and brick specifications have yet to be decided upon.