8 residential towers, two office buildings at Inn of Waterloo property proposed to council
Another big plan for a big change to the Waterloo skyline is in focus.
Drewlo Holdings proposed to council Monday night that eight residential towers and two office buildings be built at the Inn of Waterloo property.
The developer hopes to redesign the land at 475 and 485 King Street North to allow them to build up to 28 storeys high.
The property currently contains a building and parking lot previously occupied by the Inn of Waterloo and is mainly surrounded by offices, industrial buildings, a high rise condo, and a city-owned park and trail.
"We're trying to intensify a really underutilized parcel here," said Pierre Chauvin of MHBC Planning. "We want to provide a broad range of mix of uses, where people cannot only live, they can work, and they can play.
"There's also going to be amenity spaces with a pool and other features for the various buildings as well as outdoor amenity space."
The buildings proposed by Drewlo Holdings would range in height from 16-28 storeys.
Redevelopment is planned to be completed in six phases, with the first three phases anticipated to be completed by 2027.
If approved, over 1,700 residential units would be created, which would include 96 townhomes, 12,000 square metres of office space, 4,000 square metres of commercial space, 2,500 vehicle parking spaces, as well as 1,100 bicycle parking spaces.
Waterloo city staff will prepare a report with recommendations for council to consider at a formal public meeting for a later date.
CTVNews.ca Top Stories
RCMP uncovers alleged plot by 2 Montreal men to illegally sell drones, equipment to Libya
The RCMP says it has uncovered a plot by two men in Montreal to sell Chinese drones and military equipment to Libya illegally.
Demonstrators kicked out of Ontario legislature for disruption after failed keffiyeh vote
A group of demonstrators were kicked out of the legislature after a second NDP motion calling for unanimous consent to reverse a ban on the keffiyeh failed to pass.
Tom Mulcair: Park littered with trash after 'pilot project' is perfect symbol of Trudeau governance
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
Government agrees to US$138.7M settlement over FBI's botching of Larry Nassar assault allegations
The U.S. Justice Department announced a US$138.7 million settlement Tuesday with more than 100 people who accused the FBI of grossly mishandling allegations of sexual assault against Larry Nassar in 2015 and 2016, a critical time gap that allowed the sports doctor to continue to prey on victims before his arrest.
Man wanted in connection with deadly shooting in Toronto tops list of most wanted fugitives in Canada
A 35-year-old man wanted in connection with the murder of Toronto resident 29-year-old Sharmar Powell-Flowers nine months ago has topped the list of the BOLO program’s 25 most wanted fugitives across Canada, police announced Tuesday.
Doctors ask Liberal government to reconsider capital gains tax change
The Canadian Medical Association is asking the federal government to reconsider its proposed changes to capital gains taxation, arguing it will affect doctors' retirement savings.
Keeping these exotic pets is 'cruel' and 'dangerous,' Canadian animal advocates say
Canadian pet owners are finding companionship beyond dogs and cats. Tigers, alligators, scorpions and tarantulas are among some of the exotic pets they are keeping in private homes, which pose risks to public safety and animal welfare, advocates say.
Thieves use stolen forklift to rip cash machine out of U.K. bank
Police in the U.K. are searching for a group of suspects seen on video using a forklift to steal a cash machine from a bank.
'There was a lot of black smoke': Crane operator sounds alarm while trapped during highrise fire in Halifax
A tower crane operator alerted emergency crews after noticing a fire on a construction site in Halifax Tuesday morning.