News & Events News & Events News & Events

News & Events

Increase Text Size
Decrease Text Size
 Change Text Size 

Ryerson acquires new land for future growth

Growing student demand

Two newly purchased downtown properties will help meet growing student demand for Ryerson.

Ryerson University has acquired two properties. The larger of the two, 202 Jarvis Street, is located at the corner of Jarvis and Dundas Streets. Also acquired is 136 Dundas Street East, located at the northwest corner of Dundas and Mutual Streets. With Ryerson’s fantastic growth in enrolment and research funding these sites provide the university with space for future developments aligned with the university’s academic priorities.

“We are thrilled to have acquired these two properties, located just a one-minute walk from the new residence, and less than a 10-minute walk from the heart of our campus at Victoria and Gould Streets,” said President Sheldon Levy. “As a downtown, urban campus, it is essential for Ryerson to acquire land in our precinct when we can in order to meet the growing demand from students and to offer excellent research and academic space. When we do develop the properties, we will always keep in mind our commitment as a city builder.”

The two sites were purchased from Infrastructure Ontario for $32 million. 202 Jarvis Street has a 5,400-square-metre footprint and is the only substantial undeveloped parcel of land within the Ryerson precinct. 136 Dundas Street east provides the university with an additional 750-square-metre lot.

“At Ryerson, our location is just one of our many strengths,” said Julia Hanigsberg, vice-president, administration and finance. “The purchase of these two properties will help Ryerson to extend its role as city builder with a commitment to academic program growth, neighbourhood transformation and enhancing the city’s social and cultural fabric.”

Until capital funding is available, 202 Jarvis Street will operate as a parking lot, which Ryerson will add to its pool of parking services. While specific plans for the sites have yet to be decided, the eventual development will be designed in accordance with the principles of Ryerson’s Master Plan, including a commitment to design excellence, urban intensification and putting people first through the pedestrianization of the urban environment.

“Ryerson has been a transformational force for the city of Toronto. Its cultural, architectural and academic contributions are making the city, province and country a better place,” said Glen Murray, MPP Toronto Centre. “We are very pleased that Ryerson has acquired these two properties and we look forward to their on-going role as city builders.”

Bookmark with: Digg Facebook Twitter del.icio.us Newsvine