TORONTO—A partnership of Campus Suites Inc. and Forum Equity Partners Inc. will build a new student housing community for York University here. The institution’s Board of Governors approved the deal and the development JV, dubbed the York Forum Development Consortium.

The new student lifestyle community, Pond’s Edge, will be developed in four phases at the south end of York University’s main campus. When complete, the project will consist of a residential component, retail and office space and consolidated parking.

“We’re excited to take our extensive development experience and bring it to the Canadian marketplace,” says Henry Morton, president of Campus Suites and an alumnus of York University. “We will develop a relationship with York University and its community to ensure that the needs of all stakeholders will be heard and incorporated in the final designs.”