General Urban Kitchener Updates and Rumours

[Chris]

I saw crews drilling in the lot between Ziggy's and One Victoria on Monday.
Crews were drilling at the former United Taxi this morning.

ETA: For the curious, here is the United Taxi listing. https://www.realtor.ca/real-estate/24375...-kitchener

[cherrypark]

This morning, there's a company doing environmental soil testing behind the Ziggy's building. I suspect we'll hear about a proposal soon enough. Two or three months ago they were also doing testing at the little parking lot across from the old bus terminal on Charles Street. If I recall, someone said that one may be another IN8 project.

I was told that IN8 is not the purchaser of Ziggy's but it is a local group. I haven't seen anything concrete on either site yet in terms of a transaction but haven't checked in a few weeks.

What a relief.

[ac3r]

This morning, there's a company doing environmental soil testing behind the Ziggy's building. I suspect we'll hear about a proposal soon enough. Two or three months ago they were also doing testing at the little parking lot across from the old bus terminal on Charles Street. If I recall, someone said that one may be another IN8 project.

I was told that IN8 is not the purchaser of Ziggy's but it is a local group. I haven't seen anything concrete on either site yet in terms of a transaction but haven't checked in a few weeks.

Ah, I meant the property on Charles Street, not the Ziggy's location. There was a discussion in a thread on here a couple weeks ago and someone said IN8 owns the former but it was nothing confirmed.

[KaiserWilhelmsBust]

VanMar bought Ziggys for $14,500,000. Heard they're planning 40 stories/500 units

[Chris]

VanMar bought Ziggys for $14,500,000. Heard they're planning 40 stories/500 units

That's a lot of Treks...

[westwardloo]

VanMar bought Ziggys for $14,500,000. Heard they're planning 40 stories/500 units

That's a lot of Treks...

Haha hopefully ziggy opens up a new location in DTK or are they getting out of the game completely?

[Rainrider22]

VanMar bought Ziggys for $14,500,000. Heard they're planning 40 stories/500 units

That's a lot of Treks...

Holly Coonolly !!!  WOW,  what is the size of the property? 

I think that Ziggy doesn't even own it anymore, I think his wife got that place as part of a settlement for divorce... Geeze...

[Chris]

That's a lot of Treks...

Holly Coonolly !!!  WOW,  what is the size of the property? 

I think that Ziggy doesn't even own it anymore, I think his wife got that place as part of a settlement for divorce... Geeze...

I think you are right. Ziggy started ZM in TO and his wife kept the Kitchener shop. So in hindsight, being forced to move for a widened highway has really paid off. Smart family playing the long game here.

[Rainrider22]

I remember the big opposition when they had to move the store from the former Old King Street location

[cherrypark]

There is a ZM in Kitchener too, but on Strange St. Which was always confusing to me when I first moved here.

[CP42]

VanMar bought Ziggys for $14,500,000. Heard they're planning 40 stories/500 units

That's a lot of Treks...

With the price of Treks these days, that’s probably only a couple bikes!

[CP42]

VanMar bought Ziggys for $14,500,000. Heard they're planning 40 stories/500 units

In comparison, does anyone know how much IN8 bought the TEK Tower parcel for?

[Lebronj23]

I think we have reached the point where we hear of another 40 storey tower coming to Kitchener and nobody bats and eye. That’s 7 over 40 storeys coming down the pipeline

[KaiserWilhelmsBust]

VanMar bought Ziggys for $14,500,000. Heard they're planning 40 stories/500 units

In comparison, does anyone know how much IN8 bought the TEK Tower parcel for?

$10,250,000 I believe

[Lebronj23]

Proposing a 44 storey multiple dwelling - 26 Charles St West. This is IN8s third location as was discussed earlier in this thread.

https://app2.kitchener.ca/appdocs/openda...e_Plan.csv

I’m not sure how this parcel is zoned so I’m not sure if we will get documents. I guess we can make a thread for this one and 88 Queen when we get some renders? If anyone want to make the threads go for it!