The City of Kitchener continues to bloom and the Innovation District is the epicentre of this growth. Once a manufacturing district, the King and Victoria neighbourhood has transformed into a world class technology centre. This transformation was started with the decision to build the University of Waterloo’s Health Science Campus on the former BF Goodrich lands. This has led to a renaissance in the neighbourhood and a fantastic opportunity for real estate investment.
The Innovation District has the three things real estate investors desire: employment, institutions and transit. Employment highlights include Google Canada headquarters, Desire2Learn headquarters (850 staff), Square (founded by Jack Dorsey of Twitter), Shopify, Communitech, the top two emerging start-ups in Canada last year (Thalmic Labs and Vidyard) and traditional employers such as the City of Kitchener and Manulife. Institutions include the University of Waterloo Health Science Campus with the School of Pharmacy (500 students) and a satellite branch for McMaster Medical School (160 students and resident doctors). The highlight for me is the incoming Transit Hub with GO trains to Toronto, new Bombardier LRT, inner city buses with Grand River Transit headquarters, outer city buses with Greyhound, VIA rail and taxi stand.
Momentum Developments has two projects in the neighbourhood. 1Victoria Condominium is at the corner of King and Victoria, kitty corner to the Transit Hub. It is the best location in the city. Our new development called One Hundred Condominiums, is a two tower project that is 400 meters west of King and Victoria. It is a three minute walk to the Transit Hub.
Momentum Developments is very positive on the Innovation District and we think you should be too.