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General Urban Kitchener Updates and Rumours - Printable Version

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RE: General Urban Kitchener Updates and Rumours - tomh009 - 09-07-2017

21 Cedar St, at the corner of Charles St, and next to the Kitchener Market LRT station, is posted for sale as a redevelopment property.
http://21cedar.schmidtrealty.ca/

An asking price of $1.15M for 0.19 acres, or just over $6M an acre. Not as high as the Crown property in Waterloo but substantially higher than other ones I have seen. A great location, but it's really quite small, greatly limiting what you can do with it, regardless of the zoning.


RE: General Urban Kitchener Updates and Rumours - urbd - 09-07-2017

(09-07-2017, 01:23 PM)tomh009 Wrote: 21 Cedar St, at the corner of Charles St, and next to the Kitchener Market LRT station, is posted for sale as a redevelopment property.
http://21cedar.schmidtrealty.ca/

An asking price of $1.15M for 0.19 acres, or just over $6M an acre.  Not as high as the Crown property in Waterloo but substantially higher than other ones I have seen.  A great location, but it's really quite small, greatly limiting what you can do with it, regardless of the zoning.

Lot consolidation. Any developer would try to buy other neighbouring properties as well, then ask for a zone change to allow more density. Here comes another 21 storey slab tower.


RE: General Urban Kitchener Updates and Rumours - strickliability - 09-07-2017

http://www.cbc.ca/news/business/amazon-second-headquarters-1.4278642

Hope KW makes a pitch.


RE: General Urban Kitchener Updates and Rumours - tomh009 - 09-07-2017

(09-07-2017, 02:29 PM)strickliability Wrote: http://www.cbc.ca/news/business/amazon-second-headquarters-1.4278642

Hope KW makes a pitch.

There is some discussion in the business thread already.


RE: General Urban Kitchener Updates and Rumours - rangersfan - 09-09-2017

Just seen a sales listing for a collection of properties along King st E (1015 to 1051).

http://www.coupalmarkou.com/assets/uploads/featureSheets/c0757-kingste_1015-1051sale.pdf


RE: General Urban Kitchener Updates and Rumours - KevinL - 09-09-2017

Their LRT diagram at the very bottom is out of date - shows the old separate-platforms configuration...


RE: General Urban Kitchener Updates and Rumours - tomh009 - 09-10-2017

(09-09-2017, 03:42 PM)rangersfan Wrote: Just seen a sales listing for a collection of properties along King st E (1015 to 1051).

http://www.coupalmarkou.com/assets/uploads/featureSheets/c0757-kingste_1015-1051sale.pdf

Just under $1M per acre, so not bad y downtown standards.  Then again, it's not quite downtown: this block is possibly the most decrepit of all along the LRT route, and a fair walk from downtown proper.  It'll be a very good property in the somewhat more distant future -- maybe 10 years or more -- but for now it'll be a bit of a challenge to build and sell any nicer properties here given the immediate neighbours.


RE: General Urban Kitchener Updates and Rumours - KevinL - 09-10-2017

The completely empty lots along Charles on the other side of Borden will certainly be easier to develop, yes. But this spot will see demand soon enough, I'm sure.


RE: General Urban Kitchener Updates and Rumours - DHLawrence - 09-10-2017

1027 they can't touch; far as I know it's designated.


RE: General Urban Kitchener Updates and Rumours - Spokes - 09-10-2017

(09-09-2017, 04:14 PM)KevinL Wrote: Their LRT diagram at the very bottom is out of date - shows the old separate-platforms configuration...

The sales flyer is not new.  I think I first saw it maybe a year ago


RE: General Urban Kitchener Updates and Rumours - KevinL - 09-11-2017

The Sanctuary refugee health centre has opened at the Kitchener Market (retail space bordering the square).


RE: General Urban Kitchener Updates and Rumours - nms - 09-11-2017

(09-06-2017, 04:05 PM)KevinL Wrote: I'm definitely curious to see what might get built at the St. Mark's site. What do you build adjacent to a high school and bordering a hospital?

Fast food outlets on the ground floor, public health unit above to talk about sexual health, drug use prevention, mental health and other health issues, and a cardiac care unit above all of that.


RE: General Urban Kitchener Updates and Rumours - tomh009 - 09-11-2017

(09-11-2017, 03:56 PM)nms Wrote:
(09-06-2017, 04:05 PM)KevinL Wrote: I'm definitely curious to see what might get built at the St. Mark's site. What do you build adjacent to a high school and bordering a hospital?

Fast food outlets on the ground floor, public health unit above to talk about sexual health, drug use prevention, mental health and other health issues, and a cardiac care unit above all of that.

Shouldn't they put the cardiac care immediately next to the fast food outlets, to avoid having to take the elevator after lunch? Wink


RE: General Urban Kitchener Updates and Rumours - Coke6pk - 09-11-2017

Now remember, the congregation is looking to partner... not sell.... So one of the floors have to include worship space and there needs to be an area for community outreach. Although the ability to get Hotcakes & Sausage during a service makes me McHappy! Smile

Coke


RE: General Urban Kitchener Updates and Rumours - DHLawrence - 09-11-2017

Give us this day our daily Big Mac? (They'll have to drop the George Weston account.)