60 Main

The Gaslight District, well under construction, has lit the fire so to speak, and ignited interests of other developers to transform the core. The City as well recently earmarked $35 Million designed to increase and rehabilitate existing housing in the core.

The Galt core may well be heading in the direction of a “campus town”, with the Waterloo University School of Architecture already there, and a new plan to increase their facilities by
60,000 sqft. This is supported by the City, which will be providing substantial funding. Conestoga College occupies space in the Grand Innovations Building next to Gaslight and many reliable sources have reported that they are looking to have a much larger presence in the core, actively seeking a suitable location to house up to an additional 1,000 students.

Also, the (smart) decision was made lately by the Region to suspend development fees in the Cambridge core, paving the way for developers interested in erecting high-rise condo buildings both in the core, and on the perimeter. A Toronto developer has tied up property along the river on Water Street for a 600-unit complex, and another one is in discussion on Kerr Street.

Yet another is adjacent to the bus station, and there are two more sites that have been assembled as well. While the current landscape is ready for an Abe Erb, the future is looking even better as more affluent consumers move into the core.

The Cambridge Mill, an important and successful addition to the Downtown, also has plans to erect a hotel on their property, which will have a very positive impact.

While still a number of years away (8 years is often heard), the LRT will, as it did in KW, be
a game changer. The route has been approved, and environmentals etc will be underway.
The end terminal will be at Water Street and Bruce Street, across from the new pedestrian bridge to Gaslight, just a 4-minute walk from 60 Main. When completed, the old bus terminal will be redeveloped.

The CEO of the Self-Help Foodbank has stated it will be leaving the Galt core, and are looking for a more appropriate location, as it services both Preston and Hespeler as well. The City owns the foodbank property, and is acquiring the adjacent property, and they own or have control of the rest of the properties to Bruce Street — a sizeable parcel of land that will be re-developed and is just a 90 second walk from 60 Main.