Toronto Metropolitan University will be constructing an $83M, 21-storey student residence with nearly 1,400 beds. The facility will be built in partnership with the student accommodation firm Cedar Podium and the Government of Ontario’s Building Ontario Fund. The building will offer primarily three-bedroom units, with shared kitchens and individual bathrooms. Students will have the option of nine or 12-month term rentals. “Doubling the space for accommodations ensures that students have more options to positively influence their academic performance and be part of a thriving campus community,” said TMU President Mohamed Lachemi.