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
Fluid in eye cells can 'boil' if you watch the eclipse without protection: expert
Millions of people in parts of Eastern and Atlantic Canada will be able to see the rare solar eclipse happening on April 8. But they should only look up if they have proper eye protection, experts say.
He didn't trust police but sought their help anyway. Two days later, he was dead
Jameek Lowery was among more than 330 Black people who died after police stopped them with tactics that aren’t supposed to be deadly, like physical restraint and use of stun guns, The Associated Press found.
CRA no longer requiring 'bare trust' reporting in 2023 tax return
The Canada Revenue Agency announced Thursday it will not require 'bare trust' reporting from Canadians that it introduced for the 2024 tax season, just four days before the April 2 deadline.
Being harassed at work? What to consider when deciding what to do next
If you've been the victim of workplace harassment, it can be difficult to feel you're not alone - and even more difficult to know where to go with a complaint.
Sunshine list: These were the Ontario public sector's highest earners in 2023
Ontario released its annual sunshine list Thursday afternoon, noting that the largest year-over-year increases were in hospitals, municipalities, and post-secondary sectors.
Grandparent scam: London, Ont., senior beats fraudsters not once, but twice
It was a typical Tuesday for Mabel Beharrell, 84, until she got the call that would turn her world upside down. Her teenaged grandson was in trouble and needed her help.
Half of Canadians support TikTok ban, with U.S. concerns 'trickling' north: poll
A new poll indicates 51 per cent of Canadians support banning the social media app TikTok, after a U.S. bill aiming to do just that passed in the House of Representatives.
Where is the worst place for allergy sufferers in Canada?
The spring allergy season has started early in many parts of Canada, with high levels of pollen in some cities already. Experts weigh in on which areas have it worse so far this season.
More unauthorized products for skin, sexual enhancement, recalled: Here are the recalls of this week
Health Canada and the Canadian Food Inspection Agency recalled various items this week, including torches, beef biltong and unauthorized products related to skin care and sexual enhancement.