12-15-2014, 08:55 AM
(This post was last modified: 12-15-2014, 08:56 AM by panamaniac.)
Here you go:
King Street development faces tight timetable
Waterloo Region Record
By Terry Pender
KITCHENER — The ambitious plans for the redevelopment of an entire block on King Street East is facing much tighter deadlines.
Guelph-based Fusion Homes wants to build townhouses and apartments in a mixed-use redevelopment of the block bounded by King, Cameron, Charles and Madison. The block is now dominated by a gravel parking lot, a used-car business and a car rental business.
Normally, a big project like this would be staged over many years, but the city council's decision to end incentives for downtown development created a much tighter timetable.
The incentives save the developer millions of dollars.
"That's our window of opportunity," Larry Kotseff , the senior land development executive at Fusion, said. "It's tight, there's no question it is very tight, but it means we have to get rolling soon."
To qualify for the incentives construction must start by July 1, 2016. The last of the building permits must be in hand by March 2019. ...
http://www.therecord.com/news-story/5206...timetable/
King Street development faces tight timetable
Waterloo Region Record
By Terry Pender
KITCHENER — The ambitious plans for the redevelopment of an entire block on King Street East is facing much tighter deadlines.
Guelph-based Fusion Homes wants to build townhouses and apartments in a mixed-use redevelopment of the block bounded by King, Cameron, Charles and Madison. The block is now dominated by a gravel parking lot, a used-car business and a car rental business.
Normally, a big project like this would be staged over many years, but the city council's decision to end incentives for downtown development created a much tighter timetable.
The incentives save the developer millions of dollars.
"That's our window of opportunity," Larry Kotseff , the senior land development executive at Fusion, said. "It's tight, there's no question it is very tight, but it means we have to get rolling soon."
To qualify for the incentives construction must start by July 1, 2016. The last of the building permits must be in hand by March 2019. ...
http://www.therecord.com/news-story/5206...timetable/