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One Victoria | 63 m | 19 fl | Complete
#16
That tells me we need more new rental properties in the area. A lot of the rentals in KWC are either old as the hills, student googolplexes, or featureless concrete slabs.
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#17
Yeah, exactly. Why does Waterloo get tower after tower of rentals, but nothing new goes up in Kitchener?
For daily ion construction updates, photos and general urban rail news, follow me on twitter! @Canardiain
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#18
Both towns were rather underbuilt thanks to restrictive height policies. Now that both towns have looser height restrictions towers are coming up everywhere. Condos in Kitchener, a mix of rentals and condos in Waterloo.
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#19
There are a good number of recently built/under construction apartment towers in Kitchener, but they are in the suburbs rather than Downtown.  I am thinking, for example, of the four tower complex down off Block Line Road and the tower that has gone up near Homer Watson Blvd.
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#20
They will be well-placed once the Block Line station is operational, but right now they're a bit distant compared to downtown.

The only new build rentals I can think of in Cambridge are the faceless blocks behind Cambridge Centre and the Wellington Square buildings at Main and Wellington in Galt. Everything else is 70s or a loft conversion of an older building - and not necessarily affordable to most.
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#21
(11-16-2014, 11:44 AM)DHLawrence Wrote: That tells me we need more new rental properties in the area. A lot of the rentals in KWC are either old as the hills, student googolplexes, or featureless concrete slabs.

I seem to remember hearing that KWC has one of the lowest rental vacancy rates in the province.
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#22
(11-16-2014, 05:14 PM)Canard Wrote: Yeah, exactly.  Why does Waterloo get tower after tower of rentals, but nothing new goes up in Kitchener?

The BarrelYards has certainly altered this landscape considerably given that 4 new towers are going to come onto the market.  But a year ago, many of us thought that that would be 2 rental towers and 2 condo towers.
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#23
(11-17-2014, 06:57 AM)Spokes Wrote: The BarrelYards has certainly altered this landscape considerably given that 4 new towers are going to come onto the market.  But a year ago, many of us thought that that would be 2 rental towers and 2 condo towers.

I asked the developer about that. He suggested that while the 2+2 model was proposed, because they were building it with their own money before sales it financially worked for them to make them all rentals in the short term with the intention of converting to condos later. 

Seeing as most condos end up as rentals anyhow I think it is really tomato - tomat-o.
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I used to be the mayor of sim city. I know what I am talking about.
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#24
There are still a few units left in this building. My personal guess as to occupancy is somewhere between an optimistic early Fall 2015 and a pessimistic late Winter 2016.
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#25
Dec 7, 2014

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#26
Sunday Dec 14, 2014
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#27
They have installed a dark grey stone on the wall facing the lane, covering the parking levels. They left some window openings for natural light to the parking areas.
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#28
   

New gray stone slabs covering parking area.
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#29
There are some new builds out on Lackner (Fairway) too aren't there?
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#30
I'm happy to see a developer addressing multiple issues at once. So often here developers will finish the structure, then go to step x, then y, then z, when some of them can be done at the same time.
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