The first luxury dorm in Budapest – PHOTOS

This is the story of how an old building got rescued from demolition. The original structure of the well-known building called Tűzraktár was kept and used to build the most expensive dorm in the capital. The project cost more than 20 million Euros.

Journalist László Bagi wrote an extensive piece about the new luxury dorm, which can be read on Forbes.

During the 2000s, the building functioned as a cultural centre, and now it is a 418-room luxury dorm designed for university students who…well, who can afford it. Interestingly, it does not cost much more than an average apartment in Budapest. The actual work was carried out by Forestay Development and Milestone, who invested roughly 25 million Euros in this project.

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The neighbourhood is now also richer with a new boardwalk, which leads the way to the elegant building of the dormitory. The 1300 m2 area has a garden, benches and a newly established café, pub and restaurant. This garden is basically surrounded by the dorm itself, which has 418 rooms altogether.

Within the lobby, one can find all the regular things a student needs: reading lamps, sockets…and a huge (very expensive-looking) piano, in case anyone gets in the mood to play some Chopin. Residents can also come down to the lobby and play some pool if they fancy.