Station Park | 18, 28, 36, 40, 50 fl | U/C - Printable Version +- Waterloo Region Connected (https://www.waterlooregionconnected.com) +-- Forum: Land Development and Real Estate (https://www.waterlooregionconnected.com/forumdisplay.php?fid=4) +--- Forum: Urban Areas (https://www.waterlooregionconnected.com/forumdisplay.php?fid=5) +--- Thread: Station Park | 18, 28, 36, 40, 50 fl | U/C (/showthread.php?tid=38) Pages:
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RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - Spokes - 01-07-2019 Was this site considered for downtown development fee exemptions? RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - Momo26 - 01-07-2019 When you say downtown development fee exemptions, does this mean some government break given to the developer that they would normally have to pay in a suburb? Is it common in other big cities, a la downtown Toronto etc? RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - panamaniac - 01-07-2019 (01-07-2019, 10:26 AM)Spokes Wrote: Was this site considered for downtown development fee exemptions? No, iirc. RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - Spokes - 01-07-2019 (01-07-2019, 10:49 AM)Momo26 Wrote: When you say downtown development fee exemptions, does this mean some government break given to the developer that they would normally have to pay in a suburb? Is it common in other big cities, a la downtown Toronto etc? Any time a development is started, there are fees the developer has to pay to the city. For a long time Kitchener waived those development fees in Downtown to encourage development projects but that is stopping soon. Did I get it right? RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - danbrotherston - 01-07-2019 (01-07-2019, 11:19 AM)Spokes Wrote:(01-07-2019, 10:49 AM)Momo26 Wrote: When you say downtown development fee exemptions, does this mean some government break given to the developer that they would normally have to pay in a suburb? Is it common in other big cities, a la downtown Toronto etc? Yup. The fees in theory should pay for the shared infrastructure that the development will rely on, i.e., we (the city) payed to build sewers to take away waste water and storm water, private developers should have to pay for the right to benefit from that. In practice, I'm not sure how closely tied these fees are to the value or cost of the service they're paying for. Specifically, large developments in DTK *should* pay less than suburban sprawl developments because they make more efficient use of this infrastructure, but I have no idea if they do. RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - panamaniac - 01-07-2019 (01-07-2019, 11:29 AM)danbrotherston Wrote:(01-07-2019, 11:19 AM)Spokes Wrote: Any time a development is started, there are fees the developer has to pay to the city. For a long time Kitchener waived those development fees in Downtown to encourage development projects but that is stopping soon. Yes they do, at least to some extent, although I don't know the extent to which they do or don't reflect actual cost of service: https://www.kitchener.ca/en/building-and-development/development-charges.aspx#Current-Development-Charges RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - danbrotherston - 01-07-2019 (01-07-2019, 11:41 AM)panamaniac Wrote:(01-07-2019, 11:29 AM)danbrotherston Wrote: Yup. The fees in theory should pay for the shared infrastructure that the development will rely on, i.e., we (the city) payed to build sewers to take away waste water and storm water, private developers should have to pay for the right to benefit from that. Thanks! That is interesting, I'm glad there is some consideration. RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - jeffster - 01-07-2019 (01-07-2019, 10:26 AM)Spokes Wrote: Was this site considered for downtown development fee exemptions? Nope, I believe that the boundary stopped at Victoria. I remember there was talk about extending the boundary but that never happened. RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - Spokes - 01-07-2019 I had a feeling it was Victoria but wasn't sure. Thanks! RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - PassTheBruce - 01-11-2019 Article on the sale of Sixo to VanMar RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - Momo26 - 01-11-2019 Interesting. Haven't been by to see the new sign (as the image shows in that article). You can already tell just by the design/color scheme alone, that the whole feel of the project has changed. RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - Spokes - 01-11-2019 $30 million. Wow. I found this interesting: Quote:Zehr Group is still quite keen on the potential of the site, but ended up selling the property, which includes Zehr Group's offices, because it needed a financial partner in such a large project, said Zac Zehr, the group's manager of development. Interesting that they're still involved RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - Momo26 - 01-11-2019 Perhaps a bit of a consolation prize. From what I have heard, at least 1 building (of no less than 4!) will be made-for-rent. Zehr might get kicked back the equivalent of 1 month for every lease signed (usually the going rate) - chump change obviously. But more so involved to keep their name in it/have name published in the plethora of news articles/coverage that will be coming in the next few years and beyond. This development is supposed to be the IT development folks. Again, from what I've been told - like nothing ever seen before in the K-W region. RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - panamaniac - 01-11-2019 The SIXO plan included a rental tower, "west" of the mansion. What do you mean by "supposed to be the IT development"? RE: Station Park (née SIXO) | 28 + 20? + 12? + ? fl | Proposed - artembunglito - 01-11-2019 Original plan had an office building too, is that the "IT Development"? |