U of T residence

New U of T student residence in the works

The University of Toronto has partnered with a private equity firm to build a new $120 million student residence facility.

Knightstone Capital Management Inc. has partnered with the university to finance and build the 30- to 40-storey tower. The partnership makes U of T the first university in Canada to construct a building off campus with private money, according to the Globe and Mail.

The new residence would be on College just east of Spadina if plans are approved by City Hall. There would be space for up to 1,400 students, at about $10,000 a year for a single room.

Diamond Schmitt Architects has developed a street level rendering of the proposed building, showing a modern glass and steel tower, which looks a little incongruous with that area of College. If approval goes through, construction is aimed to start in the spring.

What do you think of the proposed design? Is 35-some-odd storeys a bit much for College and Spadina?

Image courtesy Diamond Schmitt Architects.


Latest Videos



Latest Videos


Join the conversation Load comments

Latest in City

People are complaining about another feature of Toronto's declining waterfront attraction

Canada Child Benefit increasing soon and you could get nearly $7,800 per kid

A Toronto park is about to be totally transformed and here's what it will look like

Toronto Shoppers Drug Mart slammed for overpriced emergency birth control

Even the New York Times is talking about the ongoing Ontario Place drama

Toronto is now home to the longest rainbow road in the world

This is when beaches officially open in Toronto this year

The history of the High Park Mineral Baths in Toronto