Toronto Metropolitan University plans new 21-storey residence on Bond Street
AI Article Summary
Toronto Metropolitan University is planning to significantly increase its on-campus housing by developing a new 21-storey residence located at Bond Street and Dundas Street East. This project, with 1,370 beds, is being undertaken in collaboration with Cedar Podium and Unilodge Canada, and it will receive funding support from Ontario's Building Ontario Fund. The residence is expected to be completed and open by 2030.
What This Means for Canadian Contractors
This project shows how educational institutions are expanding housing facilities to accommodate growing student populations, resulting in increased demand for construction services. For Canadian builders, this means focusing on efficient project management to meet the set timelines, particularly given the complex logistics in urban settings like Toronto. Collaborating with the government for financing can also offer valuable opportunities for contractors involved in such large-scale residential projects.
