Waterloo is witnessing a transformative proposal as Modern Real Estate Development submits plans for dual 34-storey towers just east of the Laurier – Waterloo Park ION LRT station. Designed by Masri O Architects, these towers represent the tallest planned structures along Seagram Drive in the University Park neighbourhood. Strategically positioned within a Protected Major Transit Station Area, the project reflects intensification trends tied to Wilfrid Laurier University and the University of Waterloo, catering to the growing demand for high-density residential living near transit and educational hubs.
Project Overview
The site includes five properties at 87, 89, 91, 93, and 95 Seagram Drive, covering approximately 3,444m². Existing low-rise buildings will be removed to make way for redevelopment. The proposal consists of two 34-storey towers (120m tall) rising from a shared seven-storey podium. Each tower will feature floor plates of around 617m², separated by 21 meters — slightly below current zoning standards.
The development plans 522 purpose-built rental apartments, including:
- 220 one-bedroom units
- 72 two-bedroom units
- 210 three-bedroom units
- 20 four-bedroom units
Additionally, the towers will house five retail units totaling 526m² and approximately 800m² of office space on the eastern tower’s top floors.
Amenities and Parking
The towers will offer 2,704m² of resident amenities, with indoor spaces on the ground floor, mezzanine, and eighth storey. Outdoor amenities span 1,041m² on the podium roof, complemented by 917m² of private balconies. Parking includes 76 vehicle spaces (55 underground, 21 at grade) and 540 long-term bicycle spaces, along with 20 short-term spots at grade.
Transit and Connectivity
Located just 350m (4-minute walk) from the Laurier–Waterloo Park ION LRT station, the site provides frequent light rail service along King Street, with connections to iXpress and local bus routes by Grand River Transit. Nearby University Avenue and King Street offer additional bus services, and Seagram Drive features dedicated cycling lanes. This connectivity underscores the project’s focus on transit-oriented development.
Neighbourhood Context
The University Park area is experiencing accelerated growth. Nearby developments include:
- 12-storey University of Waterloo residence (west)
- 7- and 13-storey towers at 251 Albert Street and 249–253 Sunview Street (north)
- 24-storey mixed-use building at 177–179 Albert Street (east)
- 25-storey tower under construction at 20 University Avenue East (northeast)
These projects highlight intensification trends aligned with transit access and proximity to major university campuses.
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Planning Status
Modern Real Estate Development has submitted Official Plan and Zoning By-law Amendment applications to the City of Waterloo. If approved, this project will significantly increase rental housing supply in a high-demand area while activating retail and office spaces at the street level.
Implications for Housing and Urban Growth
The proposal addresses several key priorities:
- Transit-oriented development: Close proximity to ION LRT encourages reduced car dependence.
- University housing demand: Serves students, faculty, and staff near Laurier and Waterloo campuses.
- Rental housing expansion: Adds 522 purpose-built rental units to the city’s inventory.
- Urban intensification: Supports Waterloo’s Official Plan goals for higher-density development around major transit stations.
Conclusion
The dual 34-storey towers at Seagram Drive demonstrate Waterloo’s growing trend toward high-density, transit-oriented development. With 522 rental apartments, retail units, and extensive amenities, the proposal aligns with the city’s objectives to intensify growth near transit hubs and university campuses. Community engagement and planning approvals will be closely watched as this project progresses.
