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General Urban Kitchener Updates and Rumours - Printable Version

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RE: General Urban Kitchener Updates and Rumours - Spokes - 03-08-2015

(03-07-2015, 12:40 PM)clasher Wrote: I too would think selling it to one developer would be a huge mistake. Hopefully the city steps up to the plate with zoning and whatnot so that some real city-building can happen.

To do that though they would have to subdivide the property which would be unlikely.  Why would they pay to do that?

The more likely scenario is to list the parking lots separately.  


RE: General Urban Kitchener Updates and Rumours - rangersfan - 03-08-2015

Looks like 5 Michael st, Kitchener could become an office for a local tech company.


old article:

Heritage building offered up for potential high-tech use
June 17, 2011 |  Rose Simone | The Record | LINK



Quote:KITCHENER — The owners of another turn-of-the-century heritage building in downtown Kitchener have decided to sell or lease it for potential high-tech or professional office uses.

Bill Labron, co-owner with Lynn McRuer of 5 Michael St., says with the Tannery high-tech office space about two blocks away filling up quickly, he has been getting expressions of interest in the building.

Labron and McRuer run Music Plus Corp., which sells sheet music, books and instruments, and the Beckett School of music from the building. Both are thriving businesses, “but there are a lot of places where we can do what we do,” Labron says.

Labron says he had already been thinking about other locations for the Beckett school because it now has 1,500 students a week and continues to grow. The school already has a satellite location in Pioneer Park.

“So realistically, we will need to look at a larger location or a different location,” he says.

Darren Shaw of DTZ Barnicke, the real estate firm handling the listing, says that with just over 31,000 square feet of space, the Michael Street building is perfect for a medium-sized high-tech company, or engineering or marketing firm with perhaps between 100 to 150 employees.

There are about 40 parking spaces on the site and some on-street parking, and it is close to the transit routes, making it attractive to a number of businesses, he says.

It is the type of building the technology sector is interested in right now, he adds.

The brick and beam building with large windows and a working historic elevator was built by Charles Ahrens in 1910 to house the Ahrens Shoe Co.

In the 1970s, it became a Greb factory outlet shoe store and from 1979 to 1999, it was the home of the Cline Shirt Co., a shirt manufacturer.

When Labron and McRuer bought the factory in 2000, they completely renovated the inside while keeping heritage features such as the wooden pillars and posts, beams and floor boards.

They were among the first in the city to get into the “adaptive reuse” of an old industrial space that they converted into a “talent factory” for budding musicians.

Now, the timing is right for a different owner or user to continue the building’s history, Labron says.

“We have had a huge development going on in this part of the city, and with the new transit hub coming on, there is tremendous excitement in terms people wanting to be here.”




Whitney Real Estate Services currently has a lighting for this building, which can be viewed here.

There is a City of Kitchener Planning & Strategic Initiatives Committee report from Feb 2, 2015 that details a zoning change application for 5 Michael St.


Quote:RECOMMENDATION: That Zone Change Application ZC14/08/M/KA for 1397036 Ontario Ltd. for the purpose of changing the zoning from Neighbourhood Institutional Zone (I-2) with Special Use Provision 281U to Neighbourhood Institutional Zone (I-2) with amended Special Use Provision 281U be approved in the form shown in the “Proposed By-law” dated December 18, 2014 attached to Report CSD-15-005 as Appendix ‘A’.

REPORT: he subject lands are located at 5 Michael Street which is located a block outside of the boundary of the downtown. The site currently contains a music retail store and music school. The owner of the site has entered into an agreement of purchase and sale with a local high-tech office user who plans to expand their local operations into the subject building as additional office space for employees. It is intended that client and public functions would be handled out of the main office location in the downtown. 



RE: General Urban Kitchener Updates and Rumours - panamaniac - 03-08-2015

I wonder what will become of the Music Plus store?


RE: General Urban Kitchener Updates and Rumours - tomh009 - 03-08-2015

(03-08-2015, 09:42 AM)Spokes Wrote: To do that though they would have to subdivide the property which would be unlikely.  Why would they pay to do that?

The more likely scenario is to list the parking lots separately.  

They could still do something like the Victoria Commons scenario, where one lead developer takes on the main project, but farms out parts of it to other developers.  Given the 10 hectares of land, the project is quite large for any single (local) developer anyway.


RE: General Urban Kitchener Updates and Rumours - Lens - 03-10-2015

Not really a rumour but more of a thought

Market square currently has one anchor office tenant in The Record and one other major tenant with Goodlife. Considering The Record's space (which is not full because they have much more space than they need) and Stantec's vacated space which combined probably only take up 1/4 of the total complex size, when does it become more attractive to raze the whole thing and add some serious density to the block?


RE: General Urban Kitchener Updates and Rumours - panamaniac - 03-10-2015

You forgot trios college, although like Goodlife and the new Service Canada office, that could be located anywhere.


RE: General Urban Kitchener Updates and Rumours - panamaniac - 03-10-2015

I wonder how many square feet the Stantec offices occupy/occupied?


RE: General Urban Kitchener Updates and Rumours - BuildingScout - 03-10-2015

(03-10-2015, 10:05 PM)Lens Wrote: When does it become more attractive to raze the whole thing and add some serious density to the block?

Always... ah you mean commercially instead of aesthetically? Good question. I guess it depends on how hard is to buy out of their contract GoodLife and the Record.


RE: General Urban Kitchener Updates and Rumours - panamaniac - 03-10-2015

I imagine Market Square could come down without disturbing the portion now occupied by The Record. It took them so long to come back Downtown, I'd be nervous about seeing them disrupted.


RE: General Urban Kitchener Updates and Rumours - white_brian - 03-10-2015

What about Trios College, they seem to have a large footprint? (sorry missed the next page) the record like the service center could go anywhere as stated above but finding a place at the moment for the gym is kinda hard. Now if there were a firm timeline for the potential development for the parking lot to the west that would be a good fit?