Waterloo Region Connected
Flats at Rainbow Lake (525 New Dundee Rd) | 8 fl | completed - Printable Version

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+--- Thread: Flats at Rainbow Lake (525 New Dundee Rd) | 8 fl | completed (/showthread.php?tid=1678)

Flats at Rainbow Lake (525 New Dundee Rd) | 8 fl | completed - neonjoe - 05-10-2022

I noticed a multi storey building under construction at the very edge of the City. Looks like a HIP Development build: https://www.flatsatrainbowlake.ca/
The permit information states that its an 8 storey mixed use development.

(mod edit: images added)

   

   

RE: Flats At Rainbow Lake (525 New Dundee Rd) 8 FL U/C - KaiserWilhelmsBust - 05-10-2022

This was originally supposed to be a rental building, but i heard HIP flipped partway during construction and sold them as condo

RE: Flats At Rainbow Lake (525 New Dundee Rd) 8 FL U/C - nms - 05-10-2022

Here is the original real estate listing.  The pictures look bucolic, but neglect to include the sound of the 401 running along the property's edge.  It must have been someone's cottage property many years ago before the 401 went by.

Among the highlights from the listing:


Quote:525 New Dundee Road is located in Kitchener on the Northwest side of Highway 401 with access to Conestoga College, Doon South and major interchanges on to the 401 under two minutes away. This property’s forty nine acre site features a rare combination of parkland, walking trails, cabins and a small lake complete with trout.  within the parcel sits two developable pieces totaling 4.47 acres and offering the opportunity for an unprecedented and amenity-rich development.



Quote:OPPORTUNITY HIGHLIGHT
West Parcel: 3.284 acres multi residential land
  • Up to 210+ units for residential development
  • Potential to increase the developable area
  • Sanitary connection has been installed
East Parcel: 1.186 acres business park land
  • 12,180 SF of commercial development
  • 49-acre parkland setting complete with walking trails, cabins and a stocked lake
  • Sought-after Doon South node
  • Minutes to Conestoga College
  • Quick and easy access to Highway 401
  • Potential to increase the developable area with an existing fill permit



Quote:SITE AREA: 49.214 Acres; 2,143,802.91 SF
DEVELOPABLE AREA: ± 4.47 Acres



Quote:33 acres are subject to 100% property tax reduction under the Ontario Conservation Land Incentive Program


RE: Flats At Rainbow Lake (525 New Dundee Rd) 8 FL U/C - mastermind - 05-11-2022

Weird project. Apartment building among the farm fields. I'm not really saying it's bad, just weird.

RE: Flats At Rainbow Lake (525 New Dundee Rd) 8 FL U/C - Lens - 05-12-2022

Another copy paste job from HIP. Gotta maximize the possible revenue even if it's a bizarre choice. Another slice of nature destroyed as well.

RE: Flats At Rainbow Lake (525 New Dundee Rd) 8 FL U/C - CP42 - 10-10-2022

[Image: 3BjkgzS.jpg]

RE: Flats at Rainbow Lake (525 New Dundee Rd) | 8 fl | U/C - CP42 - 05-30-2024

This one has been complete for a while now. However, I’ve noticed almost every bus stop shelter in the region seems to have ads for it… must not be doing so well.

RE: Flats at Rainbow Lake (525 New Dundee Rd) | 8 fl | U/C - KevinL - 05-30-2024

Odd choice of ad medium, there's basically no transit out there so those riders won't be interested.

RE: Flats at Rainbow Lake (525 New Dundee Rd) | 8 fl | U/C - CP42 - 05-30-2024

(05-30-2024, 12:31 PM)KevinL Wrote: Odd choice of ad medium, there's basically no transit out there so those riders won't be interested.

To be fair, I don’t take the bus and I’ve seen the ads all over while driving.

RE: Flats at Rainbow Lake (525 New Dundee Rd) | 8 fl | U/C - Joedelay Highhoe - 05-30-2024

I kinda like this area... anyone know how much it would cost for a view of the trout pond?

RE: Flats at Rainbow Lake (525 New Dundee Rd) | 8 fl | U/C - taylortbb - 05-30-2024

(05-30-2024, 12:31 PM)KevinL Wrote: Odd choice of ad medium, there's basically no transit out there so those riders won't be interested.

The only transit advertising that's targeted at riders is the in-bus ads, which as expected based on our transit demographics are pretty much just government stuff. Bus shelter ads, bus exterior ads, etc, are all targeted at the drivers who drive past. The pricing for bus stop ads is based entirely on how many people drive past, not how busy the stop is with transit riders.