Flats at Rainbow Lake (525 New Dundee Rd) | 8 fl | U/C

[neonjoe]

I noticed a multi storey building under construction at the very edge of the City. Looks like a HIP Development build: https://www.flatsatrainbowlake.ca/
The permit information states that its an 8 storey mixed use development.

[KaiserWilhelmsBust]

This was originally supposed to be a rental building, but i heard HIP flipped partway during construction and sold them as condo

[nms]

Here is the original real estate listing.  The pictures look bucolic, but neglect to include the sound of the 401 running along the property's edge.  It must have been someone's cottage property many years ago before the 401 went by.

Among the highlights from the listing:

525 New Dundee Road is located in Kitchener on the Northwest side of Highway 401 with access to Conestoga College, Doon South and major interchanges on to the 401 under two minutes away. This property’s forty nine acre site features a rare combination of parkland, walking trails, cabins and a small lake complete with trout.  within the parcel sits two developable pieces totaling 4.47 acres and offering the opportunity for an unprecedented and amenity-rich development.

OPPORTUNITY HIGHLIGHT
West Parcel: 3.284 acres multi residential land

• Up to 210+ units for residential development
  
• Potential to increase the developable area
  
• Sanitary connection has been installed
  

East Parcel: 1.186 acres business park land

• 12,180 SF of commercial development
  
• 49-acre parkland setting complete with walking trails, cabins and a stocked lake
  
• Sought-after Doon South node
  
• Minutes to Conestoga College
  
• Quick and easy access to Highway 401
  
• Potential to increase the developable area with an existing fill permit
  

SITE AREA: 49.214 Acres; 2,143,802.91 SF
DEVELOPABLE AREA: ± 4.47 Acres

33 acres are subject to 100% property tax reduction under the Ontario Conservation Land Incentive Program

[mastermind]

Weird project. Apartment building among the farm fields. I'm not really saying it's bad, just weird.

[Lens]

Another copy paste job from HIP. Gotta maximize the possible revenue even if it's a bizarre choice. Another slice of nature destroyed as well.

[CP42]