144 Park St. / 67 m / 19 fl / Proposed
Here's some exciting news..
The owners of the Ontario Table and Chair site at Allen and Caoroline in Waterloo (behind the Bauer Lofts) have applied for a zone change and official plan amendment to allow high density residential. They want to build a 19-storey condo tower, with a 3-storey podium base - faced with townhouses. There will be one level of underground parking, with three levels of parking above ground. Three-storey townhouse units will front onto Park and Allen Streets and will hide all the parking. I think the roof of the parking structure will be landscaped common space. Not sure about the exact number of units. I haven't seen any plans or renderings and am still not sure if they're planning to keep the old building. Hopefully they plan to integrate it with the podium. I'll post more details if I can find out more. |
It would be a real 'crime' if they did not retain the original building.
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Good News! More density along King St. Lets hope this is a sign of more high-rises to follow...
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As far as I know, this project will only be residential - which is ok. Its not right on King, nor is it right Uptown.
This propject will certainly help support all the retail going into the Bauer site accross the street. |
That's Great news! I just drove by this building yesterday aft and thought that it is a great looking building. Hopefully they redevelop that existing building along with the condo tower. This project along with theBauer lofts, would create a neighbourhood of nicely mixed new and old buildings. Jane Jacobs would be proud!
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Nice! Not only will that add more people into the area, but it will also create a sort of 'mini-skyline' next to Clarica and the U/C Bauer loft building. I like! :yes:
If anyone has a rendering, do show!! |
Does anyone have a picture of the original Ontario Table and Chair building?
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Though I would loathe to see the old building go I've heard since my post a few weeks ago regarding this project in the small news forum that the table chair building would likely not be kept. Let’s hope the heritage department has something to say about that... though not at the cost of what sounds like a great project.
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http://i306.photobucket.com/albums/n...g?t=1214574501 http://i306.photobucket.com/albums/n...g?t=1214574472 |
I knew something was up when the existing business announced it was closing. I'd be severly disappointed if they didnt incorporate the existing building into this new plan, I'm keeping my fingers crossed.
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That's a neat little building. :)
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Although this building is great and historic, I was told that there would be extraordinary costs associated with converting the current building into lofts, as there are high costs to even maintain the current building/keeping it up to code etc...which explains why the building is being torn down. The owners do, however, see the value of the land and it's potential to aid uptown development. I think this could be another exciting project :)
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I still haven't seen or heard of any renderings or even a site plan, so I haven't been able to confirm that they want to tear down that beauty. At the very least they should consider preserving the facade and incorporating it into the podium. |
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As long as Jamesway won't be the builder. :haha: |
I think this speaks to a real lack of creativity on behalf of the developer. Sure there are costs in converting, and it would be much simpler to tear down and build....but today's consumer is willing to pay more for a condo with a historical component. Could be a lost opportunity.
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i agree that people will pay a premium for a 'converted' historical loft. however, even with that in mind, the profit potential of a 19 story condo compared to a 3 story historically based loft are quite large.
and after all, they're all in it for the money right? ;) |
it's a shame to see that go, here is a stupid question why not move it? yes it would be crazy expensive but its a nice building that I am sure would work for a small office complex or a small loft development. or even better take it apart and incorporate it into the building some how.
those red stone buildings are a shame to lose. |
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I expect that they'll use the salvaged materials somehow. If not in the structure then in the landscaping. It's pretty standard paractice now with any project where heritage is an issue. It serves as both a marketing/branding feature and as a small gensture/consolation prize for the heritage advocates. It may be a pretty building, but the city has had many years to designate it and for many years have chosen not to. It'll be shame to loose, but it seems to be for a good cause. I'm sure there would be more outrage if they wanted to nock it down to build a 711. As for the adjacent bauer site, that building was never designated and the owner wasn't required to keep it. they chose to keep it i assume partly for the marketing and architectural reasons, but also as a gesture or barganing chip to improve their chances of getting the zoning and official plan approvals they needed. |
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