Planning Approval: Waterloo House Development
The Waterloo House site on 100 Pitt’s Bay Road has now had approval from planning for a 5-storey mixed development of office and residential use.
The development will include underground parking, new docks, over 90,000 sq ft of office space and approximately 20,000 sq. ft of residential, all of which will be available to let. The office space will be over four floors, with an average floor plate of 20,000 sq. ft each, and the residential component will comprise 7 luxury apartments ranging from 1-3 bedrooms. Both the office and residential floors will contain extensive and multiple balconies, providing panoramic views.
CdB Ltd. and the Green Family say that they intend for work to begin early in 2011, with an estimated completion date of early 2013. Contracts for the development have now been submitted for tender to the major Bermuda contractors.
Architects, Botelho Wood, designed the property to incorporate state of the art facilities and services, including newly developed under-floor air conditioning and smart lighting systems to minimise power usage, whilst the overall building has been designed to maintain traditional Bermudian architecture and materials.
According to the developers the construction, which is estimated to cost approximately $100 million, should provide work for up to 100 persons over the course of the development.
Alexander Green says ‘We believe in Bermuda and its future as a center for international business. This is why we are willing to make this financial commitment to Waterloo House which will provide prime, waterfront office space for businesses and some stunning apartments near the heart of Hamilton’
I’m glad to see someone is investing in our economy in a positive way. A big thank you to the Green family for stepping up to the plate to provide infrastructure, jobs, income and confidence in our island. Our Government should take notes – we need to start creating a positive reputation about our International Business environment otherwise we will lose it very fast. We should be encouraging companies to stay here and move here to do business by decreasing the political burden, getting rid of Term Limits and stop penalizing Bermudians with non-Bermudian spouses.
Don’t worry….term limits for jobs that Bermudians can’t do, are unqualified to do, or just don’t want to do will always be open for expat labor……my cousin just got her CPA certs……of the 5 receipients only 1 Bermudian….
c wat I meen bie?
GREAT!!! More office space and over priced condo’s thats EXACTLY what this island needs… NOT!!!
Yes. Thank you for more condos that will sit empty.
Is building office space and condos the only way to stimulate an economy? More empty over priced condos and more empty over priced office space. More of the same never changes the situation.