05-12-2023, 10:23 AM
(05-12-2023, 09:52 AM)panamaniac Wrote: I like a tower as much as the next person, and am glad to see that part of town redeveloping/densifying but I really don't understand the economics of apartment towers that tall in Kitchener. Is it real or is this an exercise in upzoning to increase the value of the land?
I mean it is real enough for Grand River Rocks to be moving in a couple months. (Hopefully they aren't moving to the outskirts of town) I would guess that it won't be the full 57 flrs, but that something around the 40-45 flrs is likely. Still tall for the region. The area around Borden station is one of the best areas in the region suited for intensification. Mostly surrounded by industrial buildings so there won't be much NIMBY push back. I just hope the City of Kitchener holds developers to their PARTS masterplan for the neighbourhood including the addition grid street layout to breakup the block sizes and an area dedicated for a decent sized urban park.