A parcel of land bound by Library Street, Stephen Street, Little Donegall Street and Union Street.

Mandeville Developments NI Ltd propose to develop a purpose-built managed student accommodation (PBMSA) building comprising up to 800 units.

Straben Developments Ltd submitted a planning application in March 2008 (Z/2008/0655/F) proposing to develop a residential building. Permission was granted in June 2009 to develop an 11-storey building comprising 253 apartments over 9no. ground floor retail units and basement car parking. The permission expired in June 2014 without construction commencing.

The site was included within the proposed mixed-use Northside scheme that extended over an area roughly bound by Royal Avenue, Donegall Street, Carrick Hill and Upper North Street. A consortium led by Benmore Developments and supported by Balfour Beatty had been selected by the Department for Social Development to deliver the project. An outline planning application (LA04/2015/0577/O) submitted in June 2015 proposed a “mixed use regeneration project comprising community, residential, commercial, local retail, leisure and managed student accommodation uses and areas of public realm”. The site at 39 Library Street was known as Site 5 within the wider Northside development scheme. Information within the outline planning application indicated that the site was proposed to be developed as purpose built managed student accommodation comprising 1074 beds, car parking and commercial units. The Northside outline planning application was deemed refused in 2016.

Demolition of existing red-brick warehouse style buildings located at Stephen Street took place during December 2015 – January 2016.

Mandeville Developments NI Ltd submitted a Proposal of Application Notice (LA04/2022/0541/PAN) in February 2022 proposing a Purpose Built Managed Student Accommodation (PBMSA) building comprising up to 800 units, two ground floor commercial units (272m² and 213m²), ground floor gym (102m²) and ground floor courtyard garden.