WATERLOO — On October 16, 2023, the City Council granted the removal of a holding provision for a 6-storey mixed-use medium-density apartment building with ground-floor commercial space.
The subject lands of this development are 309-333 Albert Street and 318-320 Batavia Place, and the developer and owner of the land is Prica Group Construction Management (PGCM).
The building consists of 85 units, each one bedroom, and the height is proposed to be 20m. The proposal also oers 365 square metres of commercial space and a separate entrance on Albert Street.
The zoning for the area was (“(H)RN-6”), which stands for ‘Holding Residential Northdale Six.’
The (RN-6) is the primary zoning, and the holding provision is in place to ensure the developer meets the criteria and objectives of the zoning requirements before permits for construction are given.
This holding provision is also the only amendment Prica has to have lifted to start the development process. There are currently no buildings on the subject lands. Therefore, nothing requires demolition, and the developer can receive building permits soon.
Prica conforms with all policies concerning zoning and the Official Plan, such as building height, parking requirements, units per hectare, and lot coverage.
The subject lands also fall into an MTSA, specifically the University of Waterloo ION stop, which is only 650 metres away.
Since the developer has conformed to all policies, the process is much easier, and the council has no objections.
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