11-30-2021, 03:03 PM
Not sure if this development was discussed elsewhere but bringing an update here.
Initial documents submitted in 2020 indicated 6 towers by Killam Apartment REIT at 11, 11, 16, 18, 18, and 25 storeys. They indicated the two 11 storey towers being in the first phase.
https://www.waterloo.ca/en/government/re...-brief.pdf
https://www.waterloo.ca/en/government/re...-views.pdf
However, this project was paused due to COVID in fall of 2020 (https://outline.com/qGJyPC).
This article notes that Waterloo council allowed early demolition of nine homes left vacant on Erb Street West, and an apartment building left vacant on Dietz Avenue, and that the developer had two years to build on Dietz and Erb to meet its obligation to replace demolished units. It faces penalties of up to $20,000 per demolished unit if it does not meet that deadline (2022). City rules permit the developer to build up to 12 storeys on the part of the site at Dietz Avenue and Erb Street West given current zoning.
Killam's website for this project, dubbed "Westmount Centre" (https://killamreit.com/new-development/w...unt-centre) shows a new building rendering on Erb and Dietz that appears to be 12 storeys and looks different from the initial 11 storey renderings on the corner. It states "Phase 1 Opening in 2024", which leads me to believe they will begin building on this corner in 2022 to avoid the penalties.
![[Image: westmountfin.jpg?itok=cngdyF6Q]](https://killamreit.com/sites/default/files/styles/details_hero__16_9_/public/Hero%20Shots/ONT/westmountfin.jpg?itok=cngdyF6Q)
Initial documents submitted in 2020 indicated 6 towers by Killam Apartment REIT at 11, 11, 16, 18, 18, and 25 storeys. They indicated the two 11 storey towers being in the first phase.
https://www.waterloo.ca/en/government/re...-brief.pdf
https://www.waterloo.ca/en/government/re...-views.pdf
However, this project was paused due to COVID in fall of 2020 (https://outline.com/qGJyPC).
This article notes that Waterloo council allowed early demolition of nine homes left vacant on Erb Street West, and an apartment building left vacant on Dietz Avenue, and that the developer had two years to build on Dietz and Erb to meet its obligation to replace demolished units. It faces penalties of up to $20,000 per demolished unit if it does not meet that deadline (2022). City rules permit the developer to build up to 12 storeys on the part of the site at Dietz Avenue and Erb Street West given current zoning.
Killam's website for this project, dubbed "Westmount Centre" (https://killamreit.com/new-development/w...unt-centre) shows a new building rendering on Erb and Dietz that appears to be 12 storeys and looks different from the initial 11 storey renderings on the corner. It states "Phase 1 Opening in 2024", which leads me to believe they will begin building on this corner in 2022 to avoid the penalties.