535 Quiet Pl | 8 fl

Welcome Guest!
In order to take advantage of all the great features that Waterloo Region Connected has to offer, including participating in the lively discussions below, you're going to have to register. The good news is that it'll take less than a minute and you can get started enjoying Waterloo Region's best online community right away.
or Create an Account

Thread Rating:

0 Vote(s) - 0 Average
1
2
3
4
5

535 Quiet Pl | 8 fl | Proposed

tomh009 Offline

Posting fiend & fiendish mod

Posts: 10,288
Threads: 65
Joined: Sep 2014
Reputation: 298

#14

02-15-2022, 11:15 PM

Waterloo Council would certainly have had the ability to press for an affordable component. Instead, Waterloo will get this:

Quote:Kristin Barisdale, the planning consultant for the developer said affordable housing units will not be included.

"Based on the current market and forecast ... we would expect that the rental rates are going to be between $2200 and $3000. However, the construction market and market demands are quite volatile at this point," she told Waterloo city council on Monday.

$2200 for 1BR is about 30% above current 1BR rates, is it not?

Apart from that, it's a Drewlo-style design. No 3BR units. No greenspace atop the podium. And about 0.5 bicycle spaces per unit. And not walkable to anywhere.

Makes the Barrelyards look quite attractive, does it not?

Find