The Hub | 44m | 14fl | Complete - Printable Version +- Waterloo Region Connected (https://www.waterlooregionconnected.com) +-- Forum: Land Development and Real Estate (https://www.waterlooregionconnected.com/forumdisplay.php?fid=4) +--- Forum: University Area (https://www.waterlooregionconnected.com/forumdisplay.php?fid=6) +--- Thread: The Hub | 44m | 14fl | Complete (/showthread.php?tid=113) |
The Hub | 44m | 14fl | Complete - rangersfan - 09-15-2014 [align=center]The Hub [color=#000000]124 and 130 Columbia St. W. and 365 Albert St. Developer : Prica Group Architect: ASP Design Group Project: Development of five new mixed use buildings with underground parking and a landscape promenade through the middle of the site. When development is completed, the site would contain up to 769 bedrooms in 600 units with buildings ranging in height from 6 to 14 storeys. Video render of the project can be seen here. Staff Report Plan Report Site plan location Before 365 Albert st 124 and 130 Columbia st Re: The Hub - panamaniac - 09-15-2014 Where were developments like this a few years ago when Waterloo really needed them? This seems light years better than what we've been seeing. Re: The Hub - rangersfan - 09-16-2014 panamaniac Wrote:Where were developments like this a few years ago when Waterloo really needed them? This seems light years better than what we've been seeing. Exactly, it seems like most developers have really upped their offering which is great to see. It must be due to a combination of competition and Waterloo's new Northdale zoning. Re: The Hub - Spokes - 09-16-2014 panamaniac Wrote:Where were developments like this a few years ago when Waterloo really needed them? This seems light years better than what we've been seeing. You can say that again! This is a very ambitious project, but a great one to say the least. I can't imagine the people along Columbia will be happy about this though. Those houses would be perfect replaced as mid rise mixed use buildings. Re: The Hub | 44m | 14fl | proposed - rangersfan - 09-26-2014 Councillors marvel at Columbia Street project September 24, 2014 | Paige Desmond | The Record | LINK Quote:WATERLOO — Iconic. Remarkable. Futuristic. Re: The Hub | 44m | 14fl | proposed - Spokes - 09-27-2014 Looks like the trend from WW continues. We get excited about something, then the record reports on it. All joking aside, Mark Whaley is right. This proposal originally sucked. I've done a total 180 on it. RE: The Hub | 44m | 14fl | proposed - dano - 10-01-2014 Very cool idea. That part in between the buildings will be a cool spot to hang out. RE: The Hub | 44m | 14fl | proposed - rangersfan - 10-22-2014 365 Albert st is being prepared for demolition, the windows have been removed and filled in with plywood panels. RE: The Hub | 44m | 14fl | proposed - rangersfan - 10-29-2015 Looks like the delay is due to development charges. http://m.therecord.com/news-story/6060397-region-considers-new-policy-on-development-charge-grants RE: The Hub | 44m | 14fl | proposed - mpd618 - 10-29-2015 (10-29-2015, 06:28 AM)rangersfan Wrote: Looks like the delay is due to development charges. That's quite the split between mayors and non-mayors in the vote. RE: The Hub | 44m | 14fl | proposed - tomh009 - 10-29-2015 $12M is a pretty substantial development charge, too. RE: The Hub | 44m | 14fl | proposed - Markster - 10-29-2015 (10-29-2015, 06:28 AM)rangersfan Wrote: Looks like the delay is due to development charges. Some choice quotes: Quote:Caroline Baker from GSP Group, agent for the developer, said the project can only go ahead if fees are deferred. RE: The Hub | 44m | 14fl | proposed - tomh009 - 10-29-2015 (10-29-2015, 10:00 AM)mpd618 Wrote:(10-29-2015, 06:28 AM)rangersfan Wrote: Looks like the delay is due to development charges. Mayors 5-2 in favour (5-3 if you count Ken Seiling). Councillors split 4-4. RE: The Hub | 44m | 14fl | proposed - tomh009 - 10-29-2015 (10-29-2015, 10:50 AM)Markster Wrote:Quote:Caroline Baker from GSP Group, agent for the developer, said the project can only go ahead if fees are deferred. Development charge reserve is at a low level. To increase that, you need to collect more development charges. To collect more development charges, you need more development. To get more development ... maybe you need to compromise on the timing of those charges. The region wants the charges up front. Developer wants to pay in two years. Maybe a reasonable compromise would be $4M now, $4M in a year, and $4M in two years (plus appropriate interest). RE: The Hub | 44m | 14fl | proposed - firex - 10-29-2015 "Development charges of $66 million were expected to be collected this year. Between Aug. 1, 2014 and July 31 just $38 million has been collected" Where is the uncollected development charges... in default or collected at another time, or...? If that's the case, kudos to the developer asking for a deferral instead of just dodging the development charges after the fact. Also comparatively, 12mil is nearly 20% of development charges (if we're to assume this coming year is on the same pace). That's a ton of change being dished out by one developer for one project. Pretty sure Prica Group has another one or two on the table if I've been following the threads in here correctly. |