There is a new Condo Development coming to downtown Kitchener, Ontario: The Centre Block, which will be developed by the same developer that built that Kaufman Lofts in Kitchener.
City gives nod to developer for Centre Block
KITCHENER — City councillors reached an important milestone Monday in their decade-long effort to redevelop a strategic parcel of land next to City Hall.
During a closed-door meeting councillors gave their final authorization to staff for an agreement between the City of Kitchener and Brampton-based Andrin Homes for the redevelopment of Centre Block with 385 condominiums, four new buildings, underground parking, a boutique hotel-spa and a parkette.
“It has been a long time coming, obviously,” Mayor Carl Zehr said.
By 2000 the city had purchased almost all of the properties and buildings that wrapped around the western half of the block, which is bounded by King, Young, Duke and Ontario streets. So far the city has spent about $13 million on all of the costs associated with buying the land, buildings and businesses.
Andrin gets the 2.6 acre site and two heritage buildings for $3.1 million
For more information on the Centre Block and other condos in Kitchener, contact Benjamin Bach @ Benjamin@BenjaminBach.com, or call me at 519-772-4376
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[...] has yet to begin on Centre Block in downtown Kitchener nearly 10 years after the city assembled 2.6 acres of land there. The city recently negotiated a [...]