The University of Toronto is laying down the framework for more on-campus housing and other services after receiving approval from the Governing Council’s business board for a new policy called the “four corners strategy.”

Prospective projects include a new 23-storey high-rise residence at Spadina Avenue and Sussex Avenue, and a 14-storey innovation centre at the corner of College Street and University Avenue.

U of T’s vice-president university operations Scott Mabury stated in a university news article that “this is all about building non-academic spaces we need today in a way that supports the University of Toronto’s academic and strategic priorities tomorrow.”

The residence, scheduled to be completed in 2021, will house 511 students.

This article will be updated as more details are provided.