Toronto councillors vote against private student residence

June 14, 2012

Toronto and East York Community Council voted against a privately-run student residence on Wednesday after hearing from numerous residents opposed to the project's height and scale. Knightstone Capital Management proposed the 24-storey, 759-bed residence after leasing land from the University of Toronto in 2008. It was the first time uToronto had ever entered into an agreement to construct off-campus accommodations with a private developer. The residence would have a loose association with uToronto, but any student could apply to reside there and the residence would be operated by a Chicago company. Toronto Star