WATERLOO — Copper Bay Homes Ltd. received approval on April 22, 2024, for its ambitious residential development project located at 6, 8, 10, 12, and 14 Dietz Avenue North.
The approved proposal entails the construction of a 12-storey apartment building, marking a significant addition to the city’s housing landscape.
The development, set to rise 40 meters above ground level, will house a total of 135 units, offering a diverse selection of one-, two-, and three-bedroom configurations.
Notably, 14 of these units are designated as affordable rental units, underscoring Copper Bay Homes Ltd.’s commitment to fostering inclusive communities in Waterloo.
In addition to residential accommodations, the development will feature ample amenity space totalling 1,934 square meters, catering to the recreational and social needs of its residents.
Parking facilities have been allocated to accommodate 109 vehicles and 82 bicycles, ensuring convenient accessibility for both residents and visitors.
The approval process involved amendments to both the City’s Official Plan and Zoning By-law, which have now been successfully navigated.
Key changes include adjustments to building setbacks, density allowances, and parking ratios, as follows:
An increase in maximum density from 600 bedrooms per hectare to 900 bedrooms per hectare was granted to accommodate the project’s scale and objectives.
Additionally, reductions in parking ratios from 1.20 spaces per unit to 0.80 spaces per unit were approved, reflecting contemporary urban living trends and promoting alternative transportation options.
The adjustments were carefully considered to balance regulatory requirements with the project’s objectives, ensuring alignment with the city’s long-term vision for sustainable urban development.
Situated on the east side of Dietz Avenue North, the development site offers strategic proximity to transportation arteries and essential services.
The project’s design incorporates features aimed at enhancing the surrounding urban fabric while promoting sustainable urban living.
The approval of Official Plan Amendment No. 48 and Zoning Change Application Z-23-08 signifies a significant milestone for Copper Bay Homes Ltd.
It paves the way for the realization of their vision for the Dietz Avenue North site.
With regulatory hurdles cleared, the developer is poised to commence construction and bring this transformative project to fruition.
In summary, the approved 12-storey residential development at 6, 8, 10, 12, and 14 Dietz Avenue North represents a testament to collaborative urban planning and progressive development practices in Waterloo.
As construction commences, anticipation mounts for the positive impact this development will have on the city’s housing landscape and community fabric.
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