News

May 19, 2016

Watch the promo video of the demolition process starting at the Standard site.

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‘The Standard’ and ‘Riverbank Lofts Development To Begin Immediately

Cambridge, Ontario - The City of Cambridge and HIP Developments officially announced development project details for the former American Standard property along the Speed River in Hespeler Village.

Feb 22, 2016

The Morning Edition - K-W

February 18, 2016
Season 2016, Episode 300240029
07:09

A historic area of Cambridge will get new life with a new residential development that will include luxury apartments and condos.

Feb 19, 2016

Projects will ‘rejuvenate the land along the Speed River,’ Mayor Doug Craig says

A new $50 million project to build two residential developments along the Speed River will "rejuvenate" Cambridge's Hespeler Village, the city's mayor says.

The City of Cambridge and HIP Developments of Waterloo announced details for construction of The Standard and the conversion of a historic mill building into the Riverbank Lofts on Wednesday morning. The project will revitalize the former American Standard property, which fronts onto Guelph Avenue, Queen Street East and Chapel Street.

Long awaited project at former American Standard site about to get started

CAMBRIDGE – It’s been eight years in the making, but Shawky Fahel’s dream of redeveloping the former American Standard building is about to come to fruition, with the help of Scott Higgins and HIP Developments Inc.

On Wednesday (Feb. 17), the pair announced the imminent start of construction on the $50-million project in downtown Hespeler.

CAMBRIDGE — After sitting dormant for seven years, the revitalization of Jacob Hespeler's old mills is finally happening.

Mayor Doug Craig and Waterloo-based Hip Development announced the long-awaited project at one of the old mill buildings along the Speed River on Wednesday morning.

"It's a blend of old and new," Craig said.

The $50-million development will consist of a 10-storey, 152-unit apartment building with a ground-level retail area and an outdoor patio along Queen Street.

Cambridge, Ontario
February 17, 2016

Earlier today, the City of Cambridge and HIP Developments officially announced project details for the revitalization of the former American Standard property along the Speed River in Hespeler Village.

Feb 1, 2016

Boomers Flock to Rentals, Putting Even More Pressure on the Market

Young Americans could be facing some fierce competition in the rental housing market — their grandparents.

A growing number of older Americans are writing rent checks for their housing these days. In fact, the number of renters ages 50 and over increased by a staggering 50 percent between 2005 (10 million) and 2015 (15 million), according to a recent rental housing report from Harvard University’s Joint Center for Housing Studies.

The province's concrete industry has once again recognized excellence and innovation on a variety of project types with the presentation of the 2015 Ontario Concrete Awards.

The annual competition focuses on the achievements of owners, designers, contractors and suppliers that have made concrete their construction material of choice.

CAMBRIDGE – New life has been injected into a dormant development in the heart of Hespeler.

HIP Developments Inc. is now taking the lead on the much-lauded redevelopment of Jacob Hespeler’s former mills on the banks of the Speed River.

“Shawky (Fahel) set the stage for us,” said Scott Higgins, president of HIP Developments. “This project has been a long time coming.”

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