Shamez Virani: Yet, in spite of Ryerson emergence as a major academic player — luring top students and teaching talent from across the country and around the world — there has not been a corresponding increase in housing options within the school surrounding neighbourhoods, according to The Toronto Star. Because Ryerson isn’t a residential developer, and because land is scarce and dollars are scarce in downtown Toronto for their operations, they haven’t focused on matching the growth in the student population with housing they provide, explains Shamez Virani, vice-president with Centre Court Developments. A complement of 40,000 students, and 2,700 faculty and staff has meant expanding the facility footprint out around its original small core. So it really left a big void in the market. Units at Grid — ranging from 415 square feet to 640 square feet, with one-, one-bedroom-plus-den and two-bedroom options — are efficiently designed in order to accommodate multiple student tenants. Centre Court is seeking to fill that void with Grid Condos, a 47-storey project at the southeast corner of Jarvis and Dundas Sts., kitty-corner from where Ryerson is planning to construct a new sciences building, according to Virani.
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Tagged under Shamez Virani, student population topics.