Private property developer Mohammad Tariq, will develop a 6-storey student accommodation facility in Surry Hills, Sydney.
The development is located on a former Salvation Army and backpacker hostel site.
It will comprise 93 rooms, a manager's flat and a retail space.
The project has an estimated value of $10 million and fronts Commonwealth and Reservoir Streets and Beauchamp Lane in the inner-city Sydney suburb.
Tariq bought the Surry Hills site in 1995 for $850,000.