227 King St S (Sun Life Building)

[rickhd]

Is this SunLife's way of easing into moving their Canadian headquarters out of Waterloo?  When they bought Clarica (née Mutual Life), SunLife committee to keeping their Canadian operations in Waterloo.  It would be sad to see another internationally known icon disappear from the region.  First the manufacturing, then the business sector?

Remember too, that as far as I know, the parking lots between the main building and John St. sit on top of their computer centre and/or archive or some other similar structure.

That's correct under the John St. Lot is a underground structure.  

There is also a parking lot on John St beside the Iron Horse Trail.   Also another parking area at the corner of King and John St.     The parking garage on John and Caroline is also part of the property.   

To make things more complicated for any future development is the fact that the land and buildings are in both cities.   The boundary lines cross through the area.