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+--- Thread: Garment Street Condos | 25 & 6 fl | U/C (/showthread.php?tid=1072)
RE: 120 Victoria South - rangersfan - 03-28-2018
Project update :
https://www.therecord.com/news-story/8357820-huck-glove-gets-stronger-heritage-protection-in-exchange-for-higher-density/
We also now know the project name : Garment Street
Project website : http://garmentstreetcondos.com/
RE: 120 Victoria South - panamaniac - 03-28-2018
Interesting that they will be starting with the office building.
RE: 120 Victoria South - clasher - 03-28-2018
Sounds like a real win; increased heritage protection and reduced parking.
RE: 120 Victoria South - GtwoK - 03-29-2018
AND a half acre park! Win-win-win! Nice to see it seem like competent people were behind this one
RE: 120 Victoria South - rangersfan - 03-29-2018
Also the condo tower has been increased from 23 stories to 25. The commercial space is being reduced from 145,000 Sq ft to 130 000 Sq ft.
RE: 120 Victoria South - panamaniac - 03-29-2018
(03-29-2018, 12:44 AM)GtwoK Wrote: AND a half acre park! Win-win-win! Nice to see it seem like competent people were behind this one
Where will the park be? I wonder if that was always in the plan or whether it came out of the neighbourhood consultation?
RE: Garment Street Condos | 25 f | 6 fl - Watdot - 03-29-2018
It's developments like this that are eroding my Waterloo snobbery. Great to see this approved. This district is going to be amazing in the coming years. Can't wait to see/hear more about the transit hub and other immediate developments. Hopefully they incorporate the heritage with the future like this project!
RE: Garment Street Condos | 25 f | 6 fl - Spokes - 03-29-2018
Victoria Street will have a very different feel in a couple of years
RE: Garment Street Condos | 25 f | 6 fl - panamaniac - 03-29-2018
(03-29-2018, 09:36 AM)Watdot Wrote: It's developments like this that are eroding my Waterloo snobbery. Great to see this approved. This district is going to be amazing in the coming years. Can't wait to see/hear more about the transit hub and other immediate developments. Hopefully they incorporate the heritage with the future like this project!
Kitchener promises not to get snotty once the normal order of things is restored.
RE: Garment Street Condos | 25 f | 6 fl - highlander - 04-06-2018
Some more details on the heritage aspects of this project in the Record, including this rendering of the atrium:
I think they've done an excellent job respecting the heritage of this building. There probably is an incentive as this type of office space seems to be in high demand, but I still think the effort is commendable.
Quote:One outside wall of the old factory will anchor a dramatic modern atrium of concrete and wood that leads to the modern, six-storey office building, said Christina Karney of McCallum Sather, the heritage consultants retained by the developer.
...
It will also restore the original painted signs on the Victoria Street side and on the south facade with the original "The Huck Glove Co. Inc." painted in white lettering on a black background.
RE: Garment Street Condos | 25 f | 6 fl - tomh009 - 04-30-2018
VIP sales event now announced for May 3rd and 5th.
RE: Garment Street Condos | 25 f | 6 fl - rangersfan - 05-04-2018
Little nugget of information on this project below :
The demand for condos was evident Thursday, which was the first day of sales for the newly named Garment Street project. Located on Victoria Street at Michael Street in Kitchener, Garment Street involves a redevelopment of the former Huck glove factory into a 23-storey condo tower.
People began lining up outside the sales office at 6 a.m., knowing full well that they would have an 11-hour wait before they could purchase a unit.
Many of the people in line told CTV News that they were real estate agents there on behalf of local clients looking to purchase units in the building for investment purposes.
“It makes sense for them, financial sense, to invest now,” said Shawn Ramautor.
Jeff Gibson, the founder of condo-focused brokerage Condo Culture, says about half of new condo buildings in Kitchener are now bought by investors.
Realtors at Garment Street said they believed the building could sell out by the weekend – meaning hundreds of units would sell for a combined total of about $75 million.
https://kitchener.ctvnews.ca/mobile/condo-prices-soar-as-local-real-estate-market-dips-1.3914211
RE: Garment Street Condos | 25 f | 6 fl - panamaniac - 05-04-2018
Yet another condo destined to be occupied by renters?
RE: Garment Street Condos | 25 f | 6 fl - urbd - 05-04-2018
(05-04-2018, 08:07 AM)panamaniac Wrote: Yet another condo destined to be occupied by renters?
Maybe a lot of renters, yes, but I'm sure a lot of owners will also live in their units. Balance is good, there is a need for both.
RE: Garment Street Condos | 25 f | 6 fl - Watdot - 05-04-2018
(05-04-2018, 08:07 AM)panamaniac Wrote: Yet another condo destined to be occupied by renters?
Provided these investors even get renters. There's a lot of condo units available across KW, just look at Kijiji. There's also a lot of developments happening along the same timeline, so the supply will continue to be there.