Vacant Land beside 181 King St S / Circa 1877

[mali]

Hello

Does anyone know about this land (image below)? There was demolition during last year, and then it's been sitting there fenced off.

First image is before. Second image is after demo. Any news?

[rickhd]

https://www.waterloochronicle.ca/news/wh...c0d2f.html

[ac3r]

Perimeter Developments originally proposed a 7 floor office tower back in 2018. It has been delayed and delayed and delayed again, but from what I remember it is still supposedly going ahead at some point. See the links below for a little more detail:

Perimeter Developments 185 King Street South: https://perimeterdevelopment.com/projects/185-king/

And there is actually a thread on this forum for this: https://www.waterlooregionconnected.com/...p?tid=1184

Whether or not this ever gets build remains to be seen. Uptown Waterloo is a graveyard of proposed but dead-on-arrival projects.

[tomh009]

And office space is not in high demand at the moment.

[nms]

With the benefit of hindsight, it was somewhat wasteful to allow the space to be torn down before anything else was done with it. At the very least, the space could have been put to another community use before being torn down just prior to construction. A vacant lot does not do anyone any good.

[bravado]

Every time the phrase “vacant lot” is uttered, a bunch of deranged Land Value Tax georgists (myself included) restart our holy war on the bad incentives of our current property tax system

[Acitta]

With the benefit of hindsight, it was somewhat wasteful to allow the space to be torn down before anything else was done with it.  At the very least, the space could have been put to another community use before being torn down just prior to construction.  A vacant lot does not do anyone any good.

It may have been torn down with plans to start a project soon after, but things didn't work out as planned. If they knew in the beginning that they wouldn't be building for 5 years, then maybe they would have posponed the demolition.

[creative]

Covid happened!