11-29-2025, 10:05 PM
(11-29-2025, 06:03 PM)ac3r Wrote: So...whatever happened to this project? NIMBYs tried to stop it and it ended up going to the OLT who went ahead and approved it back in 2023, then we never heard anything about it ever again.
Is this just another Waterloo Region flop?
This is something that happens all over Ontario, it isn't something exclusive to Waterloo Region like you seemingly make it out to be. You're in the industry so you of all people should know that. Well over half the projects that get proposed either never see the light of day or take numerous years for construction.
There's some developers that are absolutely notorious for doing this exact thing, Kingsett is arguably the most notable company doing this in the GTA to the extent you could bet money on it not being built and win every time, other companies do the same thing, Gupta Group for example has some very significant proposals in the GTA that will not see the light of day anytime soon let alone ever, First Capital is similar, and basically every other project that's planned. I'm not intending to pick on those companies they're just the first ones that came to mind who have public projects that aren't going to see construction for years.
That is just the unfortunate reality of the development industry, people with money realized they could put in some work get approvals then sit on it while it just gains value and make a pretty penny while doing it.