A  masterplan  drawn up by architecture firm  Snøhetta  envisions an "island" neighbourhood for 12,000 students off the Danube river in south  Budapest .     Snøhetta  won the  Budapest South Gate International Masterplan Design Competition  with its design, which involves creating a new channel of water off the Danube branch to form a new peninsular.   Accommodation for 12,000 students is proposed across the 135-hectare site. There will also be education and sporting facilities, set between parks and recreation areas.   An athletics arena in the South Gate will have the capacity to seat 15,000, and the district will be connected to the upcoming Danubias railway station.   Snøhetta, which has offices in Oslo and New York, was selected to design the new neighbourhood ahead of 17 other invited applicants including  UNStudio ,  Feilden Clegg Bradley Studios ,  Adept  and  Squire and Partners .   The co...