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General Urban Kitchener Updates and Rumours
01-26-2017, 11:15 AM
Oh there are Nimbys in Kitchener. a third of the Downtown is heritage, the six stories of Google's adaptive Breithaupt Block reuse has been brought up as being too intense for the neighbours (direct ones being a parking lot, a now closed McDonald's a strip mall turning into SIXO, and a rail corridor abutted by the future transit terminal). The Market area, i.e. the most affordable place to buy food, is also one of the places most impossible to try and put actual people (especially affordable-food-needing people) nearby.
01-26-2017, 11:24 AM
(01-26-2017, 11:15 AM)Viewfromthe42 Wrote: Oh there are Nimbys in Kitchener. a third of the Downtown is heritage, the six stories of Google's adaptive Breithaupt Block reuse has been brought up as being too intense for the neighbours (direct ones being a parking lot, a now closed McDonald's a strip mall turning into SIXO, and a rail corridor abutted by the future transit terminal). The Market area, i.e. the most affordable place to buy food, is also one of the places most impossible to try and put actual people (especially affordable-food-needing people) nearby.
Nimbys because they don't want height are a bit different than saying, hey, we don't want social housing !!! Many backwards thinking people in Kitchener....My Point is that people in Waterloo routinely speak of higher social justice however, how many social services or housing do they actually take on....
01-27-2017, 02:37 PM
(01-26-2017, 09:46 AM)Viewfromthe42 Wrote: http://www.therecord.com/news-story/7085...-activist/Guaranteed.
01-28-2017, 10:37 AM
I wonder what all this means.
Blockbuster! Toronto firm buys much of downtown Kitchener. Now what?
01-28-2017, 10:39 AM
This quote in the article above adds intrigue:
""We are attracted to the city because it has great potential with a vibrant, entrepreneurial population base and healthy market fundamentals. We are in talks with local partners and are open to proposals for joint projects or development.""
01-28-2017, 10:51 AM
Strong possibility for Market Square to be redeveloped. The other properties are pretty standard office blocks as those go, but maybe some new ideas there too?
01-28-2017, 11:10 AM
That's... that's unreal. That's basically every single major office building in Kitchener!!
For daily ion construction updates, photos and general urban rail news, follow me on twitter! @Canardiain
01-28-2017, 11:35 AM
This closed at the end of December. DREAM has been divesting of most (or all?) of their properties in smaller cities.
We didn't know until now whether EuroPro had purchased the full Kitchener office space portfolio, though. And we still need to wait to see what plans EuroPro has for some of these properties -- and especially Market Square:
01-28-2017, 01:22 PM
Market Square is the big one. The one we all have dreams of.
But I think all of the other ones will be interesting as well. I think this could be a 305 King West situation where these buildings get totally renovated and modernized to fetch top notch tenants.
01-28-2017, 01:43 PM
A number of the other ones (50 Queen N, 235 King E and 55 King W, for example) are in good shape and most have high occupancy rates (DREAM did improve this situation significantly, which surely helped them get a better price for the properties). Apart from Market Square, which needs a complete re-think, I think Galleria (101 Frederick) is most in need of a facelift.
01-28-2017, 02:05 PM
70 King St. E. is the Crabby Joe's. If they buy up the adjacent parking lot, that's a good sized parcel to rework as well.
01-28-2017, 10:07 PM
What do you mean "rework" for the Crabby Joe's? That is a designated heritage building.
01-28-2017, 10:46 PM
I assumed he was just referring to the adjacent parking.
01-29-2017, 12:16 AM
Do we know anything about EuroPro? Holdings elsewhere, developments they've worked on?
01-29-2017, 12:28 AM
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