Trent Leasing University-Owned Land to RDC to Build Student Housing Totaling Roughly 215 Beds on Water Street

Trent University has leased property for Residence Development Corporation (RDC) to build and operate an upper-year student housing building with approximately 215 beds near the Symons Campus in Peterborough announced on Wednesday.

Photo courtesy of Trent University.

The land is four-acres on Water Street, adjacent to and south of Tim Hortons. The housing complex is projected to open in late 2024. RDC also built University residence units further north on Water Street at Nassau Mills Road, on land leased from the University.

“We are thrilled to announce this new project by RDC to build additional student housing. RDC has a proven track record of building and operating safe, quality student housing,and this development will provide more housing options for upper-year students close to the Symons Campus,” said Julie Davis, vice-president of external relations and development. “There is a need for more housing in Peterborough and this new student housing project is just one of the ways Trent is working to help alleviate some of the housing pressures in our community.”

The land is already been zoned for residential use. RDC will build and operate the three-storey townhouse-style building.

“RDC has been working with the University since 2008 as we began the process of building out the Water Street student housing development,” said Brian Freeman, senior vice president of strategy and development at Campus Living Centres. “We have worked closely with a number of campus stakeholders since then and are proud to be part of the Trent community,”

Plans are underway to build a new residence on the Symons Campus which will be followed by a full replacement and expansion of Otonabee College, adding more than 700 new beds to the University’s current complement of residence spaces according to Trent. The University-Integrated Seniors Village will be anchored by a 224-bed not-for-profit long-term care home expected to break ground in 2024.

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