An artistic rendering of the proposed development. a 3d drawing on a rough map shows 12 towers rising from the site along.

CKMS News -2023-12-15- First stage of approvals for housing development on former Kraus Flooring factory site

CKMS News – 2023-12-15 – First stage of approvals for housing development on former Kraus Flooring factory site

by: dan kellar

Waterloo – On December 11th, following discussion, presentations, and legal clarifications, the first stages of a 12-tower development on the former Kraus Flooring factory lands in North Waterloo were approved through a unanimous vote from city councilors. With support for the project and the necessary changes to the site’s zoning and by-laws, the developer can move further into project planning.  

This show features clips from the council meeting, focusing on updates to the original 2021 site plan, the status of a pedestrian bridge over the adjacent highway, and questions about promises for affordable and attainable housing in this purpose built rental development which features a proposed total of 5,452 bedrooms in 3,353 residential units.

Delegates included site owner Richard Boyer of 65 Northfield Drive Inc, consultant Chris Pidgeon of GSP Group, and Waterloo resident Ashwin Annamalai. Councilors Hanmer, Bodaly, Roe, Freeman, and Vasic also spoke, as did Mayor McCabe.

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