Skip to main content

Proposal to Waterloo council would see 12 highrises built on former factory site

Share

A proposed development could dramatically change Waterloo’s skyline.

The plan would see a dozen highrise towers built on the site of the former Kraus Flooring Factory, with thousands of new housing units coming to the city.

John Lukezic stopped at the site Tuesday to check out the demolition work.

“I drove by yesterday [and] had to do a double take,” he said laughing. “Wow.”

Lukezic has a special connection to the former factory.

John Lukezic, a former employee of Kraus Flooring Factory, takes a photo of the site on Dec. 5, 2023.

He worked at Kraus for several years before they shut down in 2018.

Lukezic’s father also worked there for four decades.

“First thing I thought is, it’s the end of an era,” he told CTV News.

The Kraus Flooring building on Northfield Drive in Waterloo. (Sept. 7, 2018)

Waterloo council is expected to vote on the 12-tower development on Monday.

A potential new chapter that Lukezic can get behind.

“That’s great, if the prices are low,” he said. “I think there will be affordable housing probably.”

The developer, Solowave, purchased the land from Northfield Properties nearly two years.

“We are working with non-profit housing providers here in the region to see how we can attract some affordable housing units into the project,” said Larry Kotseff of Solowave Investments Ltd.

The City of Waterloo has promised to build 16,000 new housing units by 2031.

“We are proposing 3,400 units here which is approximately 20 per cent of that pledge,” explained Kotseff.

Rendering of the Conestogo Park Square redevelopment.

The city is running short on undeveloped land so it’s had to think up.

The tallest tower in the complex would be 35 storeys.

“The first building, we’re hoping, will be begin construction next year, 2024,” said Kotseff.

Green space, he adds, is also part of the plan.

“One of the primary features of this development is a central park open space system of approximately 3.42 hectares, and the development is focused on the activity of the central park.”

CTVNews.ca Top Stories

9 suspects face charges after Quebec organized crime operation

Nine people appeared in court in Quebec City on Saturday as part of a major operation by the Sûreté du Québec to investigate violent conflicts between independent drug dealers and a group of outlaw motorcycle gangs in the east of the province.

Michigan primary: What to watch as 2024 campaign shifts to the first big swing state

Michigan's presidential primary on Tuesday will offer a serious test of U.S. President Joe Biden's ability to navigate dissent within the Democratic Party over his response to Israel's war with Hamas. The leading Republican in the White House race, former president Donald Trump, is looking for another primary win that would add to his sweep of the early-voting states and move him that much closer to becoming his party's nominee.

Stay Connected