I also found the render of the rooftop patio to be quite nice except for the fact that it looked 30 storeys high and like West Waterloo was Las Vegas
The intention of Sage II is to appeal to both students, grad students and professionals alike. This is not typical "student housing", it is an upscale condo located in very close proximity to both the universities and the Technology Park. With it's unit layouts, amenities and location we believe it will achieve the resident mix that The City of Waterloo and it's steak holder so desire. We truly appreciate all of your kind words and feedback.
So how is it that Spruce St is turning into the mixed use corrodor that King and University are supposed to be?
As I pointed out before, a 2003 UW Federation of Students survey proved that Lester St was down to less than 5 family homes yet city council went on to pass zoning regulations later that year affirming the "residential" nature of that street.
Last edited by BuildingScout; 09-02-2012 at 07:18 PM.
And as you say, it's easier to build, sell, and walk away. There aren't nearly as many potential buyers for entire apartment buildings.
The problem with condo development in Canada is that the condo status is pretty much permanent. For any redevelopment or conversion to apartments, either every single owner must agree or there must be court intervention. It's becoming a problem now that there are decades-old condos. In some other countries, agreement from 80% of owners is sufficient. (I am paraphrasing a recent article to which I don't have the link.)
Last edited by mpd618; 09-01-2012 at 07:09 PM. Reason: clarity
Does anyone know if this is the largest of the three phases planned for this project? Should we create a separate thread for Sage 2 (same applies to 155 Caroline)?
Yes, a new thread should be started. This is a totally separate project from Sage Condos.
If anyone is interested in this project, I can provide pricing, floorplans and reserve units prior to the launch. They go on sale to the public on the 27th.
As info, I'm hearing pre sales (prior to public launch) have been brisk. Our clients are liking the units higher up with Western exposures.
September 25, 2012
Well, you can't say we didn't get density. That second photo probably captures about 3000 beds worth of student housing in a single frame. I'm still amazed there was (is?) that much pent-up demand.
There are nearly thirty thousand undergrad and postgrad students at UWaterloo alone, and another sixteen or seventeen at WLU. Anyone know what the on-campus residence capacity of each campus is?