Urbanest ("Urban Nest") is a 17 level building under construction on the corner of North Terrace and Bank Street, and will be the city's latest addition to the student accommodation business.
The developers and operators are saying it will be ready to occupy at the start of the 2011 university intake and it comprises of 488 rooms and studios with the rentals starting at $225 per week which includes internet, electricity and insurance.
This accommodation product differs from other student buildings in the city because it offers clusters of between 4 and 6 bedrooms around a shared living space and fully equipped kitchen. These secure bedroom spaces have ensuite bathrooms and are about 13 square metres in size. There are also premium rooms at the top floors, and studios which are fully self contained but cost more money to rent.
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