Upon being offered for sale in 2020, the former Madras College and Kilyrmont sites were considered to be converted into a 209-bed PBSA, or purposely built student accommodation. The site was offered for sale after a new, state-of-the-art, £50 million building was established for the former college. The Fife Council then proceeded to purchase the site, and after various proposals for the former college, Scotsman Development Ltd. took over the project. After some delays, the plan was recently approved by the Fife Council.

Scotsman Developments Ltd. has praised this initiative as it will provide more student housing opportunities for students attending the nearby St. Andrews University. Scotsman Development has also supported the council's decision to use the old building to serve the community better.

The 7,466 square metre Madras College building is a B-listed building established in 1833 and features sports halls, teaching spaces, an assembly hall, and kitchens. The structure and surrounding site will see massive renovations, still preserving the area's historical features, which include the sports hall. The building and site plan consist of the following:

• Student apartments.

• Private residential flats.

• A 4,000sq ft deli and restaurant.

• A 2,000sq ft convenience store.

The building is in St. Andrews, Fife, Scotland. This town is known for various things, notably as a student town known for offering world-class education at St. Andrew's University. The town was also once the religious centre of Scotland. Throughout the city, you will find a variety of mediaeval structures and cathedrals, such as the St. Andrews Cathedral Ruins. The building has conveniently placed bus stops called the New Madras College bus stalls.