There’s an interesting rumour that I’ve heard floating around recently that Mady Corp, the developer bringing the posh 144 Park Condominiums to Waterloo is building a second tower, just south of where tower one is proposed.
Seeing how strong sales have been at tower one, slated to break ground this summer, I’m not surprised.
Mady is rumoured to have bought the lot south of where the first condo is going, the current overflow parking lot for Vincenzos, Bauer Kitchen and the Bauer Lofts.
Here is what user Floor2012 said on WonderfulWaterloo:
“The second tower would be located on the block of land bounded by Caroline, Park, the Sun Life garage and the 144 Park. If you google map the satellite view you can see that the total piece of land is really a rectangle once the Iron Horse Trail is rerouted. And no I don’t know exactly how the rerouting will happen but I understand that the City favours Mady redeveloping the whole block. Maybe the trail would just run along between the Sun Life garage and the second tower, hooking up again on Caroline Street.
Obvoiusly there must have been alot of discussions and negotiations in recent months between Mady, The City and the group that owned the second piece of land. I heard at one point that this group (some of which were involved with the Bauer) were planning their own condominium on this site.
Now Mady expects to build a second building that will be compatiable architecturally with the 144 Park. I don’t have all the answers. I’m just one of the over 135 people who have purchased at 144 Park and received an update from the developer this week.”
I’m looking forward to seeing the designs & prices on the new rumoured condos. What do you think they will start at?
