Plans for 1,200 students beds at UCD have been put on hold.
The Dublin university said the project's expected cost has doubled and it can't afford to go ahead with the plan.
In 2018, UCD submitted an application to build 3,000 student beds across seven blocks, doubling its campus accommodation.
The first phase was completed last year however the second part of the project, which includes 1,254 beds, has been shelved.
According to the Irish Times, the university says the development is no longer viable because of increased construction costs and constraints on further rent increases.
The Department of Further and Higher Education is said to be engaging with UCD, with options being considered to activate the project.
It could see the state helping with building costs in return for affordable rents for students.
