I do not recall seeing any previous comment on the option - does anyone know whether TMU explored the option of entering into a joint venture arrangement with one of the development / infrastructure companies which do student accommodation buildings - such as I believe Brookfield does (or used to) in Europe?

The development rights for the residential component of the site have to be worth something. So even if TMU does not have funding available at the moment, other companies might, subject to negotiation of mutually acceptable commercial arrangements for operation of the residential component.
 
Thank you for not letting off them off the hook on this @HousingNowTO and @AHK! TMU's initial explanation of re-evaluating student housing needs was the most ridiculous and nakedly pathetic failure of an excuse. Here's hoping the university accepts that they can and must do better here.

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interchange42 said:
Thank you for not letting off them off the hook on this @HousingNowTO and @AHK! TMU's initial explanation of re-evaluating student housing needs was the most ridiculous and nakedly pathetic failure of an excuse. Here's hoping the university accepts that they can and must do better here.

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Will be interesting to see if any of these answers from JULY change over the next few months...?

1661565324494.png
 
Or tl,dr: "We're cancelling this because of *reasons*. So suck it up!" /sigh
 
HousingNowTO said:
Will be interesting to see if any of these answers from JULY change over the next few months...?

View attachment 423080
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August 29, 2022:

Article in today's Globe & Mail regarding the student housing situation across Canada - it's bad.

Full article at: https://www.theglobeandmail.com/canada/article-universities-student-housing-shortage/

Possibly paywalled. Some points from the article:
  • Universities have been adding new residence spaces, with several new buildings either ready to open or under construction at Canadian campuses. It’s one of the few levers that schools have to address the broader issue of rising rents and falling vacancy rates that are contributing to increasing costs for students, however the need for new units could still outstrip supply, particularly if international enrolments continue to grow.
  • McMaster is cited as an example where (like TMU) it is one of the few universities of its size that doesn’t offer a guaranteed residence place to first-year students. The university is in the process of building two new residences in conjunction with a private company, Knightstone Capital, one with more than 600 beds aimed at graduate students and located a few kilometres from campus, and a second with more than 1,300 beds adjacent to campus.
  • The attraction for private companies to build residences is that, as Cushman & Wakefield put it, student housing offers superior returns compared with other asset classes. Students are open to renting smaller spaces, they tend to be less risky as tenants because their parents often act as guarantors and predictable turnover is baked into the academic calendar, allowing more opportunities to raise rents, according to the consultants.
Given the housing situation in Toronto, for TMU to forego approved housing density in this development is verging on tragic. Given market dynamics, surely a joint venture arrangement should be possible. With the approved density in place, basically TMU would be bring free land at the corner of Dundas and Jarvis to the table - something that should be of great interest to possible joint venture partners.
 
and yet there is a massive need for student housing , .
that lot could hold 2 towers one for the students and a condo ,[ sell half of it to a condo developer and fund the 41 storey student res /classroompodium] ... and much more density , like say go for a 65 storey tower for the condo/private residential portion.
this 2022 , not 1922 ,... this city was well aware of density even back in 1972 ,
.
 
AHK said:
  • Universities have been adding new residence spaces, with several new buildings either ready to open or under construction at Canadian campuses. It’s one of the few levers that schools have to address the broader issue of rising rents and falling vacancy rates that are contributing to increasing costs for students, however the need for new units could still outstrip supply, particularly if international enrolments continue to grow.
  • McMaster is cited as an example where (like TMU) it is one of the few universities of its size that doesn’t offer a guaranteed residence place to first-year students. The university is in the process of building two new residences in conjunction with a private company, Knightstone Capital, one with more than 600 beds aimed at graduate students and located a few kilometres from campus, and a second with more than 1,300 beds adjacent to campus.
  • The attraction for private companies to build residences is that, as Cushman & Wakefield put it, student housing offers superior returns compared with other asset classes. Students are open to renting smaller spaces, they tend to be less risky as tenants because their parents often act as guarantors and predictable turnover is baked into the academic calendar, allowing more opportunities to raise rents, according to the consultants
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Lol oh here we go, time for student rents to get jacket up through the roof.

If the province wont fund it, let's have their developer friends "conveniently" step up to fill the void. How many times have we seen this game with the province: they wont fund healthcare properly so the end result is private long-term health centres milk people, they wont allow rent control so private developers can milk people, and now they wont fund university/college residences so private developers can milk students. Oh yes, and by the way at the same time saying we're "for the people", which a lot of people drank the kool-aid to the point of giving Ford another majority so he can do whatever he pleases unchecked.

If inflation was everyone's concern, then i'm sorry to paint a bleak pictute but there's a lot worse coming for literally every single demographic group in this province.
 
Northern Light said:
Where did you fetch the render? I don''t see it on TMU's project page, and there are no current files in the AIC.
Click to expand...
www.torontomu.ca

202 Jarvis Street

Learn about plans for a new project at 202 Jarvis Street that will provide additional academic space for the Toronto Metropolitan community.
www.torontomu.ca www.torontomu.ca

^ from here under the "Project overview" tab, there seems to be a bunch of other new info/numbers there too
 
lkov.rc said:
www.torontomu.ca

202 Jarvis Street

Learn about plans for a new project at 202 Jarvis Street that will provide additional academic space for the Toronto Metropolitan community.
www.torontomu.ca www.torontomu.ca

^ from here under the "Project overview" tab, there seems to be a bunch of other new info/numbers there too
Click to expand...

Thanks, I only consulted the renders that were visible on the front page for the project.
 
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