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General Urban Kitchener Updates and Rumours - Printable Version

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RE: General Urban Kitchener Updates and Rumours - rangersfan - 12-20-2018

The Manulife project building permit is mentioned in the projects dedicated thread. Very exciting if this project does get going soon.


RE: General Urban Kitchener Updates and Rumours - robdrimmie - 12-20-2018

FWIW there's been nothing communicated internally about this project. I mention it every now and then when the topic of construction comes up, and people are pretty consistently unaware.


RE: General Urban Kitchener Updates and Rumours - panamaniac - 12-20-2018

Seems like another one getting its paper work completed in time to qualify for the development charge exemption. Do building permits expire at some point, if construction work doesn't proceed?


RE: General Urban Kitchener Updates and Rumours - Spokes - 12-20-2018

(12-20-2018, 10:15 AM)robdrimmie Wrote: FWIW there's been nothing communicated internally about this project. I mention it every now and then when the topic of construction comes up, and people are pretty consistently unaware.

Do you think this is because it's unlikely to happen, or because it's just kept hush hush


RE: General Urban Kitchener Updates and Rumours - robdrimmie - 12-20-2018

(12-20-2018, 11:20 AM)Spokes Wrote:
(12-20-2018, 10:15 AM)robdrimmie Wrote: FWIW there's been nothing communicated internally about this project. I mention it every now and then when the topic of construction comes up, and people are pretty consistently unaware.

Do you think this is because it's unlikely to happen, or because it's just kept hush hush

Mostly it's just a result of many divisions doing things largely unrelated to each other and standard large corporation communication issues. Manulife Real Estate is fairly separate from Canada Division so in terms of direct impact on staff locally there's very little, which means generally that there isn't a need for anyone here to know about the state of the project. It's less that it's intentional, and more that it's not something around which there are plans that will affect the workforce in the next year or so.


RE: General Urban Kitchener Updates and Rumours - jeffster - 12-20-2018

(12-20-2018, 10:22 AM)panamaniac Wrote: Seems like another one getting its paper work completed in time to qualify for the development charge exemption.   Do building permits expire at some point, if construction work doesn't proceed?

I am pretty sure there is a timeline for this, otherwise, everyone could ask for a permit and sit on it for years. If I'd take a guess, probably no more than a year for there to be shovels.


RE: General Urban Kitchener Updates and Rumours - BruceAshe - 12-20-2018

(12-20-2018, 11:36 AM)robdrimmie Wrote:
(12-20-2018, 11:20 AM)Spokes Wrote: Do you think this is because it's unlikely to happen, or because it's just kept hush hush

Mostly it's just a result of many divisions doing things largely unrelated to each other and standard large corporation communication issues. Manulife Real Estate is fairly separate from Canada Division so in terms of direct impact on staff locally there's very little, which means generally that there isn't a need for anyone here to know about the state of the project. It's less that it's intentional, and more that it's not something around which there are plans that will affect the workforce in the next year or so.

I would agree that a lot has to with the fact it won't end up affecting too many employees. By the time this project gets started most, if not all, employees will have moved out of the building at 25 Water St. 

I'm more surprised that this idea is still going ahead and the lot isn't going to be part of whatever the future holds for the building itself.


RE: General Urban Kitchener Updates and Rumours - tomh009 - 12-21-2018

I expect they might have had a much easier time finding a buyer for the parking lot property, and decided to dispose of that while working through the process for the former King Centre property.


RE: General Urban Kitchener Updates and Rumours - Spokes - 12-21-2018

Has it even been said that they're going to sell the King Center property?


RE: General Urban Kitchener Updates and Rumours - robdrimmie - 12-21-2018

No announcements about the fate of 25 Water have been made that I've seen internally or externally. I'd be shocked if there weren't a fairly large number of conversations underway for both potential sale or leasing opportunities. I'll be somewhat surprised if they outright sell, Manulife Real Estate owns and manages $23 billion (CDN) worth of property globally and downtown Kitchener seems like a pretty good bet for a good while yet.

They did buy the property when it was practically a fire sale around here though, so if they do end up selling I'm pretty sure they'll have made a significant profit off of that investment.


RE: General Urban Kitchener Updates and Rumours - Spokes - 12-21-2018

Ya that was my thinking too, as far as real estate investing goes, unless you had to, hold onto 25 Water.

Unless they're blown away by an offer


RE: General Urban Kitchener Updates and Rumours - tomh009 - 12-27-2018

The Pearl Laundry building (90 Queen St S) has long been vacant, with the main-floor space used for storing old appliances etc. Might there be something finally happening with this building? 

[attachment=5892]

I do wonder whether the property needs some major remediation because of the use of the dry cleaning chemicals for 50+ years.


RE: General Urban Kitchener Updates and Rumours - EdM - 12-27-2018

(12-27-2018, 01:06 PM)tomh009 Wrote: Might there be something finally happening with this building?

I'm mildly curious how a long-unused storefront turns into a storage location for a collection of random appliances.


RE: General Urban Kitchener Updates and Rumours - KevinL - 12-27-2018

I presume this was a business that resells and/or repairs those appliances that needed additional storage...


RE: General Urban Kitchener Updates and Rumours - tomh009 - 12-27-2018

(12-27-2018, 02:54 PM)KevinL Wrote: I presume this was a business that resells and/or repairs those appliances that needed additional storage...

Based on the sign, though, it looks like that business has stopped paying rent and the landlord has lost patience.