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In the last several years, a new category of condominium has been sold in several markets in Ontario: the student housing condo. Located near university and college campuses, the buildings are designed with particular suites and amenities that cater to student needs, while sales of the suites are aimed at investors looking for reliable income from the under-housed post-secondary students demographic. One of those buildings to recently complete is PODIUM DEVELOPMENTS and BUILDING CAPITAL’s University Studios.
Toronto-based PODIUM DEVELOPMENTS and Markham-based BUILDING CAPITAL, as partners, recently celebrated the Grand Opening of their 8-storey mixed use student housing building, University Studios.
University Bridge GP — a partnership between GLOBAL CITY DEVELOPMENT, RER VENTURES and PODIUM DEVELOPMENTS — has closed on a $231 million bond issuance for University Bridge Residences, an 886-unit student housing community currently under construction near Florida International University in Miami.
Best Innovative Suite Design was presented to Building Capital Inc. for SmartStudios™, a 274-square-foot condo showcasing multi-purpose features within the University Studios project in Oshawa.
Rolling off the unprecedented success of University Studios, Podium Developments and Building Capital are getting ready to launch University Towns, a new collection of SmartTowns™ and large condo units in Oshawa.
University Studios sold so quickly due to the strategic location minutes from Durham College and the University of Ontario Institute of Technology (UOIT), and the innovate design of the SmartStudios™ that featured appliances, furniture, and fold-up beds that doubled as dining/work surfaces.
Strong demand led to the rapid selling of every unit at University Studios, an Oshawa condo development from Building Capital and Podium Developments that appeals to both students and investors by offering below-market pricing and a location in a higher-learning hub.
Given the project’s immediate success, the two builders are teaming up once again. This time, it is to build on their previous project’s innovative model with the launch of the low-rise University Towns on the same stretch of Simcoe Street North.
Our industry recently celebrated the many city builders whose projects, designs and campaigns are not only providing new homes but working to grow and improve our communities in the GTA. At the 36th annual BILD Awards, we recognized 64 member companies for their excellence in sales, marketing, design and construction of new homes and communities. Prizes were handed out in 48 categories.
The success of Podium Developments and Building Capital's University Studios—which sold out in just two weeks of sales—has underlined the continuing demand for student housing in college towns throughout the Greater Toronto Area and beyond. With the project now sold out, Podium and Building Capital are teaming up once again to bring a new residential development called University Towns to Oshawa's Simcoe Street North near Durham College and the University of Ontario Institute of Technology (UOIT).