TEK Tower (30 Francis) | 45 fl | U/C

[Square]

Probably the last* IN8 Development for awhile. (*Downtown Kitchener Condos)

What makes you say that? Because sales have been so slow for condos lately? I believe they have both 88 queen and 24 charles in the books for the future. Both towers are 40+ storeys, I could see them trying to gauge the market on one of the towers. 

Developers have kind of painted themselves into a corner with condos' in Ontario/ Canada. The prices raised so quickly in the 2010's that investor expected that party to continue, but there is not much room for growth when Developers charge 500-600+k for a small one bedroom. Its also next to impossible for small investors justify the purchase, as they can't rent it out at break even with the current cost of carrying a mortgage. Then you have people that might actually want to buy to live in, they are see how difficult it is to sell existing stock, so why take a risk on a new build.  I think we are headed to a lost decade of condo construction. I can see purpose built rental construction to continue at its current pace though.

Yes, because of the state of condos right now.  Also like MomentumDevelopments, they built so many buildings and now nothing for years. (They also have the Queen St. building upcoming, but will it ever get built?)  Then Vanmar had the King St. building and the Duke St. towers listed as upcoming, now they are not listed as upcoming.

[Square]

Probably the last* IN8 Development for awhile. (*Downtown Kitchener Condos)

IN8 has slowed down but they definitely haven't stopped. They broke ground on a condo in Hamilton late last year, early this year and still have a couple floors worth of units to sell, so it isn’t crazy to think they could do the same on any of their othef projects. You also have to remember that IN8 has applied for permits at 88 Queen, it doesn't mean its imminent but it certainly indicates that it's their next project.


Kitchener is also still selling condos, yes its much slower than before but it is happen. Momentum has a couple sold out floor plans in Q Condos the last time I checked, VanMar launched Station Park D (Platform) so they obviously think they can sell. Sure neither of them are going to start in 2025 but 2026 is definitely a possibility.

Yes, I guess I should have put an asterisk beside awhile also, Lol  The 88 Queen St. building had a demolition order pasted on the building 2 years ago this coming fall.  Just don't think they are in a hurry to build.

[ac3r]

If I remember correctly, IN8 also bought the old Club Abstract location as well. That probably won't get touched for a long time though. And while IN8 isn't great, at least they're not as bad as Vive.

[ZEBuilder]

If I remember correctly, IN8 also bought the old Club Abstract location as well. That probably won't get touched for a long time though. And while IN8 isn't great, at least they're not as bad as Vive.

The old Club Abstract land is owned by HIP (Strata, Bright Building, Gaslight District), they have agreements to buy the properties along Walter as well. They've been looking at putting two buildings around the 30 floor range on the site.