A new intense superthermal source for ultracold neutrons (UCN) has been installed at a dedicated beam line at the Institut Laue-Langevin. Incident neutrons with a wavelength of 0.89 nm are converted to UCN in a five liter volume filled with superfluid $^4$He at a temperature of about 0.7 K. The UCN can be extracted to room temperature experiments. We present the cryogenic setup of the source, a characterization of the cold neutron beam, and UCN production measurements, where a UCN density in the production volume of at least 55 per cm$^3$ was determined.
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