Summary:
- Yarra, the student housing platform of Elysium Investments, has launched its first development in Guelph, Ontario, partnering with Lithuania’s 1 Asset Management. The project includes a 10-storey, 153-unit residence with approximately 550 beds near the University of Guelph, addressing a critical housing shortage amid rising enrolment.
- In downtown Toronto, Yarra closed on a site at King Street East and George Street to develop a 25-storey student residence with around 200 beds, preserving a heritage facade and repurposing the former Little York Hotel. The location benefits from existing zoning and proximity to George Brown College and other major institutions.
- Yarra aims to deliver 10,000 purpose-built student beds within five to seven years, focusing on functional, affordable designs that prioritize usability over luxury. The platform emphasizes speed to market, often targeting shovel-ready sites, and plans to activate community engagement through curated programming in its residences.
Original article:
https://www.renx.ca/elysium-yarra-student-housing-develop-guelph-buy-toronto
