09-05-2017, 09:23 PM
(09-05-2017, 07:42 PM)nms Wrote: Is this simply a case of optimistic developers simply hope that their development will jump all of the hurdles first to allow them to fill up first while any building that follows will suffers from lower occupancy. I know that there are suspicions that parts of Northdale are currently overbuilt due to the rush to build as quickly as possible. Time will tell.
Northdale is mostly student housing. The City of Waterloo simply allowed too many to go up in to short of time.
I think the vacancy rate in Kitchener is low enough to allow for a massive build like this as most of the other places being built are condos.
I'd also imagine this is going to be a really long project, and once it gets started, probably 3-5 years to finish.
It's a good spot, centralized enough.