Build More Housing: RFEOI
Request for Expressions of Interest (“RFEOI”)
Jones Lang LaSalle Real Estate Services, Inc. (“JLL” or the “Advisor”) has been exclusively retained by the University of Toronto (“U of T” or the “University”) to seek qualified development partners (“Respondents”) with control of off-campus development sites proximate to the University’s St. George Campus appropriate for the development of purpose-built institutional housing. The University aims to partner with experienced developers to address the current undersupply of available undergraduate, graduate, student family, faculty, and staff housing in the vicinity of the campus over the immediate or near-term. Respondents are presented the unique opportunity to potentially benefit from significant development, operational, and financial incentives that may be available through partnering with the University.
This RFEOI represents the first stage of a two-stage solicitation process through which the University ultimately intends to select development partner(s) with whom it may negotiate and enter into agreements for the planning, design, development and operation of purpose-built institutional housing project(s). JLL invites Respondents to complete the online Eligibility Form, accessible via the link below, and a subsequent Submission Form. The deadline for submissions is Thursday, January 23, 2025 at 5:00 pm (ET).
Respondents and the subject site must meet all of the following “Initial Requirements” to be considered:
- The subject site is located within the following boundaries: Dupont Street (north), Church Street (east), Dundas Street (south) and Bathurst Street (west);
- The subject site can reasonably support the development of a project containing a residential Gross Floor Area of greater than 95,000 square feet;
- The subject site is available with vacant possession within 24 months from June-2025 to permit construction commencement; and,
- The Respondent’s organization must have previous experience building more than 100 purpose-built rental and/or student housing units.
This RFEOI represents the first stage of a two-stage solicitation process. Respondents are required to complete the online Eligibility Form accessible via the link below. If the subject site and the Respondent meet all Initial Requirements, the Respondent will be asked to execute a Confidentiality Agreement (“CA”). Additional information and the Submission Form will be provided by JLL to Respondents via an online data room upon receipt of an executed CA. Each subject site requires a separate submission of the online Eligibility Form and Submission Form. Submission Forms are to be sent to the JLL team via email. Both forms must be submitted no later than Thursday, January 23, 2025 at 5:00 pm (ET) to be considered.
Eligibility Form
Solicitation Overview
The University of Toronto has engaged JLL to serve as U of T’s exclusive advisor in connection with this RFEOI. All correspondence regarding this RFEOI must be directed in writing via email to:
MATT PICKEN +1 416 304 6020 Matt.Picken@jll.com |
BRYCE GIBSON +1 416 238 9785 Bryce.Gibson@jll.com |
VIENNA LOO +1 416 238 9736 Vienna.Loo@jll.com |
TYLER RANDA +1 416 855 0925 Tyler.Randa@jll.com |