Highrise proposed in Waterloo’s university district
Posted Feb 29, 2024 10:52:27 AM.
Last Updated Feb 29, 2024 10:52:32 AM.
Two Albert Street homes could be replaced with a 24-storey highrise at the corner of Albert and Seagram Drive.
A developer has submitted the proposal to the City of Waterloo, requesting a zoning change to increasing the maximum density to 1,064 bedrooms per hectare.
The developer wants to build an apartment building with 146 housing units and 172 bedrooms.
The corner of Albert and Seagram lies just west of the Wilfrid Laurier University main campus, close to Waterloo Park and an ION station.
It’s unknown when the review process will end, but the public is free to provide feedback before city planning staff make any recommendations to council.
The plans do not include affordable housing, however, the report says “while the proposed development does not include affordable housing as defined by the Official Plan, it does provide units of varying sizes in a location that does not require car ownership to accommodate daily needs.”
The 24 storeys would consist of a 19-storey tower sitting on a five-storey podium with a rooftop patio. The property would also include 44 above and underground parking spaces.
