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
![](https://www.ctvnews.ca/polopoly_fs/1.6979388.1722030190!/httpImage/image.jpg_gen/derivatives/landscape_800/image.jpg)
Celine Dion delivers stirring comeback performance at Paris Olympics opening ceremony
Against the rainy Paris night sky, Celine Dion staged the comeback of her career with a powerful performance from the Eiffel Tower to open the Olympic Games.
Jasper wildfire: 'Several weeks' before residents can return, premier says
Premier Danielle Smith said Friday afternoon in Hinton while weather conditions are cooler, the Jasper fire is still considered out of control and that Jasper residents can expect to be away from their homes 'for several weeks.'
Missing 3-year-old boy found dead in creek in Mississauga: police
A three-year-old boy has been found dead a day after he went missing in a park in Mississauga, Peel police say.
Irish museum pulls Sinead O'Connor waxwork after just one day due to backlash
An Irish museum will withdraw a waxwork of singer-songwriter Sinéad O'Connor just one day after installing it, following a backlash from her family and the public, it told CNN in a statement on Friday.
Winnipeg senior's account overdrawn for $146,000 water bill
A Winnipeg senior is getting soaked with a six-figure water bill.
Turpel-Lafond won't sue CBC over Cree heritage report that took 'heavy toll': lawyer
The lawyer for a former judge whose claims to be Cree were questioned in a CBC investigation says his client is not considering legal action against the broadcaster after the Law Society of British Columbia this week backed her claims of Indigenous heritage.
Driver charged after flashing high beams at approaching police
Orillia OPP arrested and charged a driver with impaired driving after flashing their high beams.
Major Canadian bank experiences direct deposit outage on payday
Scotiabank says it has fixed a technical issue that impacted direct deposits on Friday morning.
Health Canada warns some naloxone kits contain false instructions
Health Canada is warning some take-home naloxone kits come with bad instructions that should be ignored in favour of the correct guidance.