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+--- Thread: The Junction | 37 & 33 fl | Proposed (/showthread.php?tid=1451)
RE: The Junction - panamaniac - 06-18-2020
(06-18-2020, 09:20 PM)Momo26 Wrote: What's the scene with this development?
Just a concept at the moment, no?
RE: The Junction - Square - 12-05-2020
(02-28-2020, 08:40 AM)mastermind Wrote: There's a second 'for sale' sign from a different realtor on the section of the site that has the three towers.
The for sale sign on Charles Street has a SOLD sign on it.
RE: The Junction - tomh009 - 12-06-2020
(12-05-2020, 10:43 PM)Square Wrote:(02-28-2020, 08:40 AM)mastermind Wrote: There's a second 'for sale' sign from a different realtor on the section of the site that has the three towers.
The for sale sign on Charles Street has a SOLD sign on it.
So, did Perimeter do the concepts just so that they could find a good buyer for the property?
RE: The Junction - panamaniac - 12-06-2020
(12-06-2020, 01:59 PM)tomh009 Wrote:If you don’t get the property “upzoned”, does it make any difference?(12-05-2020, 10:43 PM)Square Wrote: The for sale sign on Charles Street has a SOLD sign on it.
So, did Perimeter do the concepts just so that they could find a good buyer for the property?
RE: The Junction - tomh009 - 12-06-2020
(12-06-2020, 05:32 PM)panamaniac Wrote:(12-06-2020, 01:59 PM)tomh009 Wrote: So, did Perimeter do the concepts just so that they could find a good buyer for the property?
If you don’t get the property “upzoned”, does it make any difference?
Marketing materials ...
RE: The Junction - mastermind - 12-07-2020
(12-05-2020, 10:43 PM)Square Wrote:(02-28-2020, 08:40 AM)mastermind Wrote: There's a second 'for sale' sign from a different realtor on the section of the site that has the three towers.
The for sale sign on Charles Street has a SOLD sign on it.
The for sale sign on the King Street side has a SOLD on it as well.
RE: The Junction - Momo26 - 12-07-2020
So this is happening ?
RE: The Junction - panamaniac - 12-07-2020
If the site has been sold, I'd assume that it is not happening.
RE: The Junction - Momo26 - 12-07-2020
This is the stretch of downtown that desperately needs an injection of money/development. It will bridge DTK (And abundance of dev) to the Sneiders' site.
RE: The Junction - tomh009 - 12-07-2020
(12-07-2020, 11:38 AM)panamaniac Wrote: If the site has been sold, I'd assume that it is not happening.
Not with the same developer, and probably not with the same design.
But, if the buyer saw sufficient value in the property to buy it, they will surely have a plan to develop it. Design and timing, of course, are TBD.
RE: The Junction - ac3r - 12-07-2020
(12-07-2020, 04:06 PM)Momo26 Wrote: This is the stretch of downtown that desperately needs an injection of money/development. It will bridge DTK (And abundance of dev) to the Sneiders' site.
We will see a lot of development happening around here in the coming years. When they approved Rockway PARTS, that ushered in a new plan of development for this area. Everything 800m from Mill and Borden Station will slowly transform. Of course, it'll all be dictated by demand and development interests, but this is one end of the urban core that the city is intending to focus on. Density and zoning will all change for the better.
RE: The Junction - DK519 - 12-07-2020
(12-07-2020, 11:38 AM)panamaniac Wrote: If the site has been sold, I'd assume that it is not happening.To be fair, it at one point had a "under contract" sign on it for months that got broken off.
Since it's "sold" now I'd assume that means the deal was firmed up, no? I'm not a realtor though so I may be out to lunch.
RE: The Junction - panamaniac - 12-07-2020
(12-07-2020, 04:20 PM)tomh009 Wrote:In the normal world,yes, but the Kitchener core has such a long history of landowners sitting on their properties that I’ll hold off getting too excited until we see something specific.(12-07-2020, 11:38 AM)panamaniac Wrote: If the site has been sold, I'd assume that it is not happening.
Not with the same developer, and probably not with the same design.
But, if the buyer saw sufficient value in the property to buy it, they will surely have a plan to develop it. Design and timing, of course, are TBD.
RE: The Junction - panamaniac - 12-07-2020
(12-07-2020, 05:56 PM)DK519 Wrote:I had assumed Perimeter already owned it. Perhaps I’m mistaken.(12-07-2020, 11:38 AM)panamaniac Wrote: If the site has been sold, I'd assume that it is not happening.To be fair, it at one point had a "under contract" sign on it for months that got broken off.
Since it's "sold" now I'd assume that means the deal was firmed up, no? I'm not a realtor though so I may be out to lunch.
RE: The Junction - tomh009 - 12-07-2020
(12-07-2020, 06:01 PM)panamaniac Wrote:(12-07-2020, 04:20 PM)tomh009 Wrote: Not with the same developer, and probably not with the same design.
But, if the buyer saw sufficient value in the property to buy it, they will surely have a plan to develop it. Design and timing, of course, are TBD.
In the normal world,yes, but the Kitchener core has such a long history of landowners sitting on their properties that I’ll hold off getting too excited until we see something specific.
No, I won't hold my breath. But I'm cautiously optimistic: this land will have cost a bundle so the developer is probably not intending to sit on it for a decade or four.