OTIS | 6 fl | U/C

[dtkmelissa]

Not surprising. Condos aren't really Vive's core business.

If I recall correctly, when Vive first proposed this, it was much more in line with their mid-market, attainable housing approach. However, after a few visits to Kitchener Council, a number of changes needed to be done in order to gain council approval (I think around materials used, height, parking, etc) and Vive said in order to do that, it would need to be a higher-end development than their target market. So I wasn't too surprised to see the news about Momentum.