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General Urban Kitchener Updates and Rumours
(10-12-2017, 09:32 AM)panamaniac Wrote: I was in town for the weekend and noticed that work is underway on both the former Budds store and the former Schreiters store.   Great to see!

Is this Thalmic Labs?  Am I remembering this right?
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That's correct.
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The KW Habilitation affordable housing complex at 108 Sydney Street is well into the construction phase (currently on the third of fourth floor).
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(08-15-2017, 07:48 PM)Pheidippides Wrote: Looks like something is afoot at 624 King St W and 19 Wellington St N. A city of Kitchener report states that the holding provision on the Wellington address should be lifted following consolidation of the two properties:
"Staff have confirmed through the necessary documentation from the Land Registry Office that the subject lands at 19 Wellington Street North have been consolidated together with the lands addressed as 624 King Street West."

Does anyone know what's happening here. Recently the house at 19 Wellington was demolished along with the structures on 624 King St W (The former Hasty Market).
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I went over to Phat Cat Shawarma for lunch last week, and was surprised to find it no longer existed. The owner had been talking about opening up for weekends now that Kind was open again, so I really didn't think the building was going to come down soon...

The building permit is for a three storey mixed use (yay) building at 624 King West.
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Prompted by the conversation about Schreiter's, I took a few pictures on Monday morning that I thought might be of interest.


[Image: MM60wO7.jpg][Image: EaTzQ6i.jpg][Image: 0DwpgY0.jpg][Image: oAd4P0E.jpg]
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Rob, thanks for photos.

Mods, could you please move them to the dedicated thread?
http://www.waterlooregionconnected.com/s...p?tid=1064
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(10-25-2017, 07:28 AM)MidTowner Wrote: I went over to Phat Cat Shawarma for lunch last week, and was surprised to find it no longer existed. The owner had been talking about opening up for weekends now that Kind was open again, so I really didn't think the building was going to come down soon...

The building permit is for a three storey mixed use (yay) building at 624 King West.

3 story?  So I guess it's not this design from a few years back anymore http://www.abarchitect.ca/Project.htm?bS...4F96F9D4BD
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The City of Kitchener is considering lowering the asking price for 152 Shanley St, which I think is a positive step in order to get the ball on potential redevelopment rolling.


http://kitchener.ctvnews.ca/asking-price...-1.3648873
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(10-25-2017, 10:23 PM)rangersfan Wrote: The City of Kitchener is considering lowering the asking price for 152 Shanley St, which I think is a positive step in order to get the ball on potential redevelopment rolling.


http://kitchener.ctvnews.ca/asking-price...-1.3648873

The City needs to pre-zone for additional density and drop the purchase price to $1 before we see any action on it imo. Too much hair on it.
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(10-25-2017, 09:46 PM)notmyfriends Wrote:
(10-25-2017, 07:28 AM)MidTowner Wrote: I went over to Phat Cat Shawarma for lunch last week, and was surprised to find it no longer existed. The owner had been talking about opening up for weekends now that Kind was open again, so I really didn't think the building was going to come down soon...

The building permit is for a three storey mixed use (yay) building at 624 King West.

3 story?  So I guess it's not this design from a few years back anymore http://www.abarchitect.ca/Project.htm?bS...4F96F9D4BD

Thanks for finding that! I couldn't when I looked a while back.

Guess not. I really hope it winds up being something with that grid iron shape with the weird intersection angle, though.
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(10-26-2017, 07:48 AM)BobbyDaSilva Wrote:
(10-25-2017, 10:23 PM)rangersfan Wrote: The City of Kitchener is considering lowering the asking price for 152 Shanley St, which I think is a positive step in order to get the ball on potential redevelopment rolling.


http://kitchener.ctvnews.ca/asking-price...-1.3648873

The City needs to pre-zone for additional density and drop the purchase price to $1 before we see any action on it imo. Too much hair on it.

That rendering is very nice....too bad it isnt the same one !
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(10-26-2017, 07:48 AM)BobbyDaSilva Wrote:
(10-25-2017, 10:23 PM)rangersfan Wrote: The City of Kitchener is considering lowering the asking price for 152 Shanley St, which I think is a positive step in order to get the ball on potential redevelopment rolling.


http://kitchener.ctvnews.ca/asking-price...-1.3648873

The City needs to pre-zone for additional density and drop the purchase price to $1 before we see any action on it imo. Too much hair on it.

I agree. They're going to be asking about half a million an acre for this site, but it's got a building that needs to be demolished after possible heritage headaches, and needs possibly very expensive remediation. And there's no guarantee of being able to build any given density here, given that it's a residential street with no buildings over three storeys around.

I don't see any way this property can be unloaded without being proactively up-zoned to give some assurances of what can be built.
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Unless the City undertakes to pay the costs of remediation, I doubt they could even give the building away.
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(10-26-2017, 10:17 AM)MidTowner Wrote:
(10-26-2017, 07:48 AM)BobbyDaSilva Wrote: The City needs to pre-zone for additional density and drop the purchase price to $1 before we see any action on it imo. Too much hair on it.

I agree. They're going to be asking about half a million an acre for this site, but it's got a building that needs to be demolished after possible heritage headaches, and needs possibly very expensive remediation. And there's no guarantee of being able to build any given density here, given that it's a residential street with no buildings over three storeys around.

I don't see any way this property can be unloaded without being proactively up-zoned to give some assurances of what can be built.

Remediation aside, is it really impossible to use the building? This type of building is definitely in demand for the tech sector companies.  as I recall, someone said he had heard "the building is collapsing inside" but thee is no confirmation from anywhere else, and the city has not ordered its demolition as a safety hazard.

At the proposed price, the land cost is only about $1.5M/ha ($600K/acre) and the building potentially has value as well.  Provided the zoning is relaxed, I have to think that the remediation costs would be manageable given the low acquisition costs.
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