09-20-2021, 01:48 PM
(09-20-2021, 01:36 PM)Chris Wrote: Interesting. Do that many people want to live in a Costco parking lot?
ETA: Hopefully the first pebble to create a ripple effect.
The Costco won't be going anywhere anytime soon, but as part of the City of Kitchener's PARTS plan, they are aiming to densify the areas around all of the light rail stations in the city (with Waterloo and Cambridge doing the same). So in time, all of the areas near the LRT stations should see rapid development start to take place. For example, SmartCentres has an MZO to develop what is the largest development project in Waterloo Region thus far: conceptually, they are planning to build 43 new buildings there. The location is very similar in that it's a big box parking lot wasteland. With time, the areas around most of the stations will be completely transformed. Similarly, the 525 & 565 Conestogo Road West development in Waterloo has something like two dozen new buildings proposed and it's next to a bunch of parking lots.