The new eight-story residential building, dubbed “Pique,” is already expected to house nearly 500 UC Berkeley students despite having just opened, according to Gilbane Development, the building owners and developers.

“Pique is the pinnacle of student housing in Berkeley, delivering a premium experience at an affordable price,” Russell Broderick, Executive Vice President at Gilbane Development, said in a statement on Thursday. “With spaces that are personalized, private, proximate to campus, and crafted with precision, Pique has been intentionally designed to create opportunities for students to connect, grow, and thrive.”