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.


Join the conversation Load comments

Latest in City

Ontario Place redevelopment will include a huge new all-season adventure park

Ontario has seen one of the screwiest Julys ever when it comes to weather

Experts blame humans for recent coyote attacks in Toronto

Toronto rescue is going to Manitoba to save dogs stranded in wildfires

Cyclists in Toronto annoyed with people dangerously moving planters into bike lanes

Ontario might not actually leave Step 3 next week as planned

Legal complaint launched against Marineland after viral video showing depressed orca

Bystanders wrangled into violent brawl that broke out on TTC subway