06-29-2016, 05:50 AM
The developer is requesting increased height and density to make the project affordable but received some negative feedback from Waterloo city Council.
I personally have no issues with the request as the project is in an area that is pedestrian friendly and very close to an Ion stop. But the affordability aspect is interesting, even though I am not a construction designer/ pm seems hard to imagine.
Six years ago the cheapest unit at 144 Park was 217 K + 10 K for a parking spot, and there was one unit at this price. The units went steeply up in price from there. At that price it was still possible in a few areas of the city to buy a small detached house
For less than this.
It would be nice to see the project go ahead even though it is missing the aforementioned mixed use and improved street interaction.
http://m.therecord.com/news-story/674481...oo-council
I personally have no issues with the request as the project is in an area that is pedestrian friendly and very close to an Ion stop. But the affordability aspect is interesting, even though I am not a construction designer/ pm seems hard to imagine.
Six years ago the cheapest unit at 144 Park was 217 K + 10 K for a parking spot, and there was one unit at this price. The units went steeply up in price from there. At that price it was still possible in a few areas of the city to buy a small detached house
For less than this.
It would be nice to see the project go ahead even though it is missing the aforementioned mixed use and improved street interaction.
http://m.therecord.com/news-story/674481...oo-council