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General Urban Kitchener Updates and Rumours
No announcements about the fate of 25 Water have been made that I've seen internally or externally. I'd be shocked if there weren't a fairly large number of conversations underway for both potential sale or leasing opportunities. I'll be somewhat surprised if they outright sell, Manulife Real Estate owns and manages $23 billion (CDN) worth of property globally and downtown Kitchener seems like a pretty good bet for a good while yet.

They did buy the property when it was practically a fire sale around here though, so if they do end up selling I'm pretty sure they'll have made a significant profit off of that investment.
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Ya that was my thinking too, as far as real estate investing goes, unless you had to, hold onto 25 Water.

Unless they're blown away by an offer
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The Pearl Laundry building (90 Queen St S) has long been vacant, with the main-floor space used for storing old appliances etc. Might there be something finally happening with this building? 

   

I do wonder whether the property needs some major remediation because of the use of the dry cleaning chemicals for 50+ years.
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(12-27-2018, 01:06 PM)tomh009 Wrote: Might there be something finally happening with this building?

I'm mildly curious how a long-unused storefront turns into a storage location for a collection of random appliances.
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I presume this was a business that resells and/or repairs those appliances that needed additional storage...
My Twitter: @KevinLMaps
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(12-27-2018, 02:54 PM)KevinL Wrote: I presume this was a business that resells and/or repairs those appliances that needed additional storage...

Based on the sign, though, it looks like that business has stopped paying rent and the landlord has lost patience.
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(12-27-2018, 01:06 PM)tomh009 Wrote: The Pearl Laundry building (90 Queen St S) has long been vacant, with the main-floor space used for storing old appliances etc. Might there be something finally happening with this building? 



I do wonder whether the property needs some major remediation because of the use of the dry cleaning chemicals for 50+ years.
Was there ever a dry cleaner there?  I know it was originally a laundry.
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(12-27-2018, 04:54 PM)panamaniac Wrote:
(12-27-2018, 01:06 PM)tomh009 Wrote: The Pearl Laundry building (90 Queen St S) has long been vacant, with the main-floor space used for storing old appliances etc. Might there be something finally happening with this building? 

I do wonder whether the property needs some major remediation because of the use of the dry cleaning chemicals for 50+ years.

Was there ever a dry cleaner there?  I know it was originally a laundry.

They did both. These ads are from 1934.

   
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It was a comics shop for several decades (Now & Then Books); I don't recall any chemical issues having affected their operations.
My Twitter: @KevinLMaps
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(12-27-2018, 07:27 PM)KevinL Wrote: It was a comics shop for several decades (Now & Then Books); I don't recall any chemical issues having affected their operations.

If that was a rental by Now & Then Books no environmental remediation would have been required. However, to actually sell the property, the seller needs to complete and provide a Record of Site Condition, which in turn requires at least an environmental assessment, and potentially remediation.
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(11-22-2018, 12:15 PM)tomh009 Wrote:
(11-22-2018, 01:03 AM)GtwoK Wrote: (The exterior) is not on yet (at least not on the second story, which is all I could see from Charles St). But based on the earlier render, the same pale yellow brick used on most LCBO buildings

Hopefully this, rather than the pale yellow EIFS used on some of the LCBO buildings.

Our wishes were answered: it is brick, not EIFS. I think it will look quite good on this block.

   
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Good to see. It suits DTK.
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Maybe I just didn’t see it before but there is a SOLD over the For Sale sign on the vacant lot at the corner of Weber (north side) and Scott.  Anyone else notice this before?
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That looks fantastic!
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(01-01-2019, 01:47 PM)jgsz Wrote: Maybe I just didn’t see it before but there is a SOLD over the For Sale sign on the vacant lot at the corner of Weber (north side) and Scott.  Anyone else notice this before?

Yes. I noticed it a couple of months ago.
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