Conceptual Drawings Released For Waterloo’s Westmount Place

  • 05/8/19
  • |          Kitchener

Development includes six buildings

If Killam Apartment REIT’s plan goes ahead, more than 600 people will occupy what is currently a parking lot just west of Waterloo’s uptown core.

The company released its conceptual design for Westmount Place, which was purchased from Sun Life last year for $77.8 million, this week.

The plan includes the construction of six buildings in the parking lot area of the former mall, which will house as many as 600 apartment units. Nine houses on Erb Street from Westmount to Dietz Avenue will be demolished, according to the drawings.

The company also plans to construct a multi-storey parking structure, as well as underground parking, and structured parking within building podiums.

The conceptual design has yet to be approved by the City of Waterloo. The developer is asking to re-zone the land to accommodate the project. Council is expected to get its first look at an informal public meeting May 27.

In April 2018, Sun Life sold the entire plaza to Killam Apartment REIT. The property has 297,000 square feet of space on 14.7 acres of land at Westmount Road and Erb Street West. It includes a grocery store, a pharmacy, medical offices, a bank, a Michaels store and a four-storey office building that houses Sun Life workers.

The new apartments will be reside on 88,000 square feet of land on the Erb Street side of the property.

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