The University of Illinois at Chicago is planning to build a $100 million residence hall and academic complex.

The Illinois Board of Higher Education approved the university’s proposal for the 10-story building Tuesday.

The facility will be the university’s first new dorm in more than a decade and comes amid a five-year plan to boost the university’s enrollment. It will include 550 beds, a retail space and an academic wing with classroom and study space.

Construction is scheduled to begin in December and expected to last until July 2019.