Wonderful Waterloo Archive

This site is maintained by Sam Nabi as a record of the vibrant Wonderful Waterloo community, which was taken offline in 2014. This site is a partial archive, containing some posts from 2009-2013. To read more about the recovery effort and access the data in a machine-readable format, check out the GitHub page.

Complete Schembri King St Student Apartments | 46 m | 15 fl

Post #1683 Unknown date Unknown Author	Student Rental Apartment Development 345 King Street North, Waterloo Schembri Property Management & Jamesway www.schembripm.com/coming_soon.php www.jamesway.ca/project_detail.php?project_id=32 More Details Render - April 27, 2008 Click For A Larger Render Finished Product: http://www.jamesway.ca/project_detail.php?project_id=32
Post #1684 02-04-2010 08:40 AM Unknown Author Moderator Kitchener-Waterloo Joined Dec 2009 5693 posts	April 27, 2008 I know it's a terrible photo, but I was in a rush today. May 27, 2008 Looking South Looking North August 6, 2008 Looking South Looking North September 26, 2008 By: waterloowarrior November 7, 2008 View from Uptown Waterloo (King & William) April 12, 2009 By: myfaceisonfire I think the telephone pole helps this picture Looking north up King
Post #1685 02-04-2010 09:00 AM Unknown Author Moderator Kitchener-Waterloo Joined Dec 2009 5693 posts	Two new residence buildings Lauren Millet - May 20, 2009 6:36 PM http://www.thecord.ca/articles/22023 Two new buildings have been leased by Laurier residential services, one that holds 82 students at 325 Spruce Street and one with 385 students at 340 Spruce Street. The buildings were purchased to accommodate the increase in students who have been promised residence rooms for the 2009-10 academic year. “While we’ve got a problem, it’s a more manageable problem. The kids who will be in the new buildings will just love it. They’re brand new and very spacious,” said director of residential services Mike Belanger. “Looking at it from a distance point of view, its only a five to seven minute walk to campus. It might be only marginally further than University Place [residence] to the centre of campus.” The new buildings will be priced comparably to Laurier’s high-end accommodations such as King Street Residence, which costs $5,966 for a single room. The university will be taking occupancy on August 15 and has signed a 20 and a half-month lease on the two buildings. According to Belanger, however, Laurier only wants the buildings for the eight months first-year students are in school. “The people who own these places wanted a long term lease, but we didn’t want that. We’re looking into other solutions,” said Belanger. “We will hope that there will be some new building going up, so we can do the same kind of leasing arrangement again for the new number [of we will need.” The conditions for Laurier to pull out of the lease after the end of April require the university to give the owner of the building the equivalent number of students to continue living in the residence for their second year. “It will be a bit of a marketing campaign beginning in October/November,” said Belanger. “But we don’t think we will have much trouble filling them.” Belanger says that the rent for students continuing to reside after their residence contract is fulfilled will be comparable with the competitive high-end student housing in the city. Students will also be able to lease single or double rooms and will not have to fill an entire unit. The owners of the building have the intention of putting a restaurant and bar on the ground level of the larger building, but it will not begin construction until after Laurier is out of the lease, as Belanger feels it would be too hard to control with first-years living in the building. In order to maintain the same level of quality and experience for first-years, a number of things are being done to deal with the increasing numbers. “We added a new co-ordinator this year, along with more dons to make sure that the experience stays the same,” said Chris Dodd, manager of housing services and residence life. “If we can keep our staff ratio the same, we expect to be able to deliver the same level of service.” Last year, there was a similar problem, as there were also too many students for the amount of beds available in residences. When this happens, the university does have some room to adjust internally by converting large single rooms into doubles and pushing senior, graduate and international students farther from campus to make more room for first-years. This year, residence life will not offer students bunk beds in Bricker residence, which was one of the solutions for the problem last year. 345 King Street North http://www.mylaurier.ca/residence/in...es/345king.htm Click For Larger Image The student residence located at 345 King Street North is a newly-constructed 14-storey building leased by Wilfrid Laurier University for the academic year starting in September 2009. The building has 94 apartment units in 3-, 4- and 5-bedroom configurations that will house a total of 386 students in single rooms, including 13 Residence Life Dons. This apartment-style co-ed building is fully furnished with University residence style furniture. The building is located approximately 5 minutes from the Laurier main campus. Each apartment unit at 345 King Street North has 2 full washrooms, as well as a common kitchen, living room/dining room. The kitchen is furnished with a fridge and stove, thereby making the University meal plan optional. The building has an several all-purpose meeting rooms, a laundry room with coin-operated machines, a bicycle/storage room and elevators.
Post #1690 02-04-2010 09:25 AM Unknown Author City Member Joined Dec 2009 681 posts	Pretty sure this just sold for 27 million.
Post #2443 03-02-2010 11:36 PM Unknown Author Town Member Joined Mar 2010 216 posts	That's a nice return. But this beast looked much better when it was all white, before the crappy stucco was added. Who bought it? A bar on the ground floor--could that be Phil's? Phil's strip plaza surely will go highrise eventually. The parties must be amazing in these buildings. If I was twenty today, what fun could be had!
Post #2444 03-02-2010 11:44 PM Unknown Author City Member Joined Dec 2009 681 posts	They never disclosed the buyer. It was 375k a unit a I think average. I agree with the bar idea and I would also move into the building in a second if I was 20. Although that could lead to some crazy stuff. They need something to go along with all these student housing buildings and mixed use should be one of them.
Post #2448 03-03-2010 12:06 AM Unknown Author Town Member Joined Mar 2010 216 posts	Yes, City of Waterloo should mandate at least one retail outlet per building at the base. I could easily see all sorts of cool coffee shops, falafel stands, gourmet burger joints, a poutine place, etc making good money of these kids.
Post #2451 03-03-2010 12:43 AM Unknown Author Metropolis Member Kitchener Joined Dec 2009 4277 posts	Its shocking that this hasn't been zoned as mixed use. They really need to follow Kitchener's mixed use corridor plan on this one, as well as Columbia. It would go a long way to help improve this area. The report on the Northdale neighborhood coming out in April better recommend that.
Post #2458 03-03-2010 02:06 AM Unknown Author Moderator Kitchener-Waterloo Joined Dec 2009 5693 posts	March 1, 2010
Post #2476 03-03-2010 12:21 PM Unknown Author Urban Issues Moderator Belmont Villiage Joined Dec 2009 443 posts The opinions expressed in my messages may not be the shared opinions of Wonderful Waterloo E-mail me! - accessibility@wonderfulwaterloo.com	That would be a nice looking prison. It's an ugly residence.
Post #6207 05-05-2010 12:17 AM Unknown Author Metropolis Member Kitchener Joined Dec 2009 4277 posts	Noticed today that this beast has a two level above ground parking structure behind it ruining things from the Spruce st perspective. Oh and of course it's tan stucco haha. And the sign behind the building makes it look like its called Hotel Laurier. Trying to scam from Chateau Laurier? I think so.
Post #7082 05-19-2010 12:17 PM Unknown Author Hamlet Member Joined May 2010 39 posts	Originally Posted by Spokes Noticed today that this beast has a two level above ground parking structure behind it ruining things from the Spruce st perspective. Oh and of course it's tan stucco haha. And the sign behind the building makes it look like its called Hotel Laurier. Trying to scam from Chateau Laurier? I think so. The colour is ugly as sin. The name was put on there by WLU, so if anything maybe they have an internal theme for these places they're trying to follow.
Post #7085 05-19-2010 12:32 PM Unknown Author Metropolis Member Kitchener Joined Dec 2009 4277 posts	Originally Posted by usemywaterloo The colour is ugly as sin. The name was put on there by WLU, so if anything maybe they have an internal theme for these places they're trying to follow. Ya but WLU only has these leased out for another year, then who knows what will happen.
Post #7183 05-19-2010 07:08 PM Unknown Author City Member Joined Jan 2010 744 posts	Originally Posted by usemywaterloo The colour is ugly as sin. No doubt about that one. I like to think of it as a landmark - meet me by the ugly orangish-brownish-beigeish apartment by McDonalds. Everyone will know where you're talking about.
Post #7198 05-19-2010 08:36 PM Unknown Author Metropolis Member Kitchener Joined Dec 2009 4277 posts	Originally Posted by Duke-of-Waterloo No doubt about that one. I like to think of it as a landmark - meet me by the ugly orangish-brownish-beigeish apartment by McDonalds. Everyone will know where you're talking about. You'll soon have another one to use as a landmark on Lester. Meet me at the building that fits in as many neutral tones as it possibly can without matching at all.
Post #21618 12-22-2010 01:20 PM Unknown Author City Member Kitchener Waterloo Joined Oct 2010 603 posts Benjamin Bach \| Real Estate Sales Rep @ Cushman & Wakefield Waterloo Region Ltd. brokerage. Not intended to solicit clients or properties under contract.	Originally Posted by RangersFan But we all have our own opinion and keep in mind that I have never successfully had any developments built that look better. While 345 King may not do well on the above "most attractive" list, it is one of the best student investment assets in Waterloo.
Post #21620 12-22-2010 01:50 PM Unknown Author Metropolis Member Kitchener Joined Dec 2009 4277 posts	Originally Posted by benjaminbach While 345 King may not do well on the above "most attractive" list, it is one of the best student investment assets in Waterloo. Really? In what regards?
Post #21622 12-22-2010 02:15 PM Unknown Author City Member Kitchener Waterloo Joined Oct 2010 603 posts Benjamin Bach \| Real Estate Sales Rep @ Cushman & Wakefield Waterloo Region Ltd. brokerage. Not intended to solicit clients or properties under contract.	Originally Posted by Spokes Really? In what regards? It has an investment-grade tenant Most landlords with a building that size deal with 386 tenants, not 1. As an aside, if your building is leased to a university, vs leased to university students, your financing from CMHC is much better. They require a smaller down payment, you'll get a lower rate, etc. In addition to the added security of having the University as a tenant. PS Investment grade tenant refers to the credit worthiness of the tenant. Laurier has a "A" rating with a Stable trend in a 2010 assessment.
Post #21625 12-22-2010 01:20 PM Unknown Author City Member Kitchener Waterloo Joined Oct 2010 603 posts Benjamin Bach \| Real Estate Sales Rep @ Cushman & Wakefield Waterloo Region Ltd. brokerage. Not intended to solicit clients or properties under contract.	Originally Posted by RangersFan But we all have our own opinion and keep in mind that I have never successfully had any developments built that look better. While 345 King may not do well on the above "most attractive" list, it is one of the best student investment assets in Waterloo.
Post #21634 02-04-2010 08:36 AM Unknown Author Moderator Kitchener-Waterloo Joined Dec 2009 5693 posts	Past Render - November 13, 2007 Click For Larger Image Finished Product: http://www.jamesway.ca/project_detail.php?project_id=32