03-13-2024, 03:49 PM
(02-14-2024, 01:47 AM)urbd Wrote:(02-12-2024, 03:33 PM)tomh009 Wrote: The OLT hearing was cancelled in November (and the case closed), so this project appears to be dead.
Very interesting. It seems that the majority of recent (non student) Waterloo proposals just can't take off... I can think of a bunch in Uptown - including Strata. The land values and construction costs are so insanely inflated, plus outdated regulations, that nothing seems to work. Waterloo is stagnant.
Turns out this wasn't actually killed and city hall came to a settlement with the developer. In The Record today there's an article that mentions this project.
"The settlement permits one tower to rise higher to 27 storeys. One tower will become narrower while 23 units are added to the project, among other planning adjustments."
There's no updated renderings or site plans provided since it was at the OLT and not standard ZBA/OPA but realistically one of the towers fronting Bridgeport would be the 27 floor tower.
Link to the article: https://archive.is/8BNUC#selection-6267.0-6267.168