The Record has exciting news about a major commercial real estate project in Kitchener, The Breithaupt Block.
Perimeter Development Corp. is redeveloping the old (some parts date to 1903) complex on the corner of Breithaupt and King, bringing cool space to the north end of downtown Kitchener.
When its first phase opens next summer, The Breithaupt Block, as it’s been named by developer Perimeter Development Corp., will offer 175,000 square feet of trendy commercial space targeted primarily at the high-tech, research and creative sectors.
“In terms of people who like that type of space, they’re creative thinkers,” said David Gibson of Perimeter. “That’s the type of people we’re going after — design oriented type companies and the like. There are many good examples of this type of mix in Toronto and we think there’s a real demand for it in the Kitchener-Waterloo area.”
The developer added a slick wrap advertising the space on the face of old factory last week and has already seen significant interest.
Gibson — the former CEO of First Gulf Development, which was responsible for the redevelopment of a significant stretch of Uptown Waterloo — bought the complex in June 2009. Perimeter is also in the process of redeveloping several properties in downtown Galt.
Thanks to James Howe at @KingandOttawa for the heads up this morning!