Fences are up and demolition will probably occur around the same time as this company demos their other property on King Street.
Last edited by WatDot; 05-24-2011 at 11:04 AM.
It's astonishing how much more capacity is coming on the market.
"Waterloo is likely to admit about as many first-year students this year as last year."
while enrollment in the Waterloo campus of WLU actually went down a couple of years back as the double cohort completed its way through the system.
Last edited by BuildingScout; 05-24-2011 at 02:01 PM.
Not to mention that the Baby Boom Echo is just about finishing their way through University right now.
I don't think that we'll be seeing rental prices climbing much over the next decade...
Laurier dipped the year right after double cohort but picked up again overall. I don't think you will see a drastic dip for a while as the Universities continue to pursue international and out of province markets to fill any void... a void which has yet to be seen (applications continue to increase).
These large scale projects will definitely keep rental rates lower though. A benefit is student rental units outside of the immediate area become extremely less appealing saving other neighbourhoods from becoming ghetto-ized. As for Northdale... errr... I dunno. I believe in intensification but these projects are not much improvement. Something really needs to be done at the City level. Increased housing, but no increase/improvement to sidewalks, pedestrian crossings, bike lanes, public transit or mixed-zoning usage... disaster!
This will become a landmark in Waterloo.... boy I wish 275 King st North would have been built, to set an example for the entire neighbourhood.
Let's also not forget that monster houses were the creation of city council, since for many years they refused to allow proper rental units to be built anywhere within the city. Now that proper rentals are allowed developers greatly favour proper buildings over conversions to monster houses.
Last edited by BuildingScout; 05-24-2011 at 05:55 PM.
May 25, 2011
Wow. In an area still dominated by detached houses, we're demolishing mid-rise apartment buildings to build high-rises? Really?
And for that matter, it's replacing 2- and 3-bedroom housing stock with 5-bedroom student-only units.
Last edited by mpd618; 05-25-2011 at 03:07 PM.
Those places are dumps anyway. It will take at least 3 years to make a big building look that bad.
I'm actually happy to have them develop this kind of building on that section of Regina. It means it isn't somewhere offensive, like King Street.
I still have hope for Northdale's interior, although, it is minimal. The city planners don't want to let people do anything but sleep in that neighborhood.
Aesthetically, I was thinking it might be a wash. And then I realized that those mature trees stand no chance.
The City needs to start encouraging mixed use on these major streets though. I can't see the interior streets of Northdale eventually becoming home to businesses and places of employment, with the major roadways being strictly intensified residential (student) developments. Kind of backwards in my opinion.
Demo is underway this morning.
The southern building has been completely demolished...
June 3, 2011
I feel really strange about 328 coming down. The unit on the first floor, front right hand corner (looking from the street was the first place my future wife and I ever lived together in. Won't miss the building but I'll miss the memories!
Number of beds slated to open this Fall? at least 1800.