The Institute is located in the Union Bank Building in Winnipeg's Exchange District, an 11-storey building that dates back to 1903. The institute provides classroom and kitchen space and two restaurants on the first three floors, as well as residence for 103 students on the floors above. The renovation is expected to cost $34 million, up from the initial $27 million estimate, and involved the addition of two new glass fronted structures adjacent to the existing Union Bank Building. The new adjacent structures were required for the project, as the tower itself could not house the necessary heating and cooling systems. The Union Bank Tower is the last skyscraper of this vintage remaining in Canada, and had been sitting vacant since 1992.