One Victoria: Fall 2014 Update

An update from the One Victoria Condominium Sales and Customer Service Team:

Tremendous progress has been made at One Victoria over the past few months and for that we are thankful. Days are only going to start getting colder and shorter as we move out of October.

For the past few months, there have been upwards of 60-70 contractors on site daily with the majority of them focused on formwork and plumbing. To date, roughly 7,500 cubic meters of concrete have been poured. Over the next few weeks the podium itself will be completed and construction of the tower will begin. The tower floors will be built much faster – a floor every six or seven work days is expected. This means that the entire superstructure should be complete by late spring – assuming that the winter months don’t throw us a curveball.

Forming/pouring of the 5th floor shear walls and columns is now complete. While the construction methodology is much of the same as the superstructure goes up, many new trades will be joining the existing contractors over the next few months. For instance, as soon as the roof deck of the podium is completed, windows and roofing will follow shortly thereafter. It really won’t be long before the interior finishes are being completed. In fact, steel studding of the residential units is scheduled for early in the New Year.

Please note, we will be closing the Presentation Centre at 16 Victoria St N and opening a new selection center at 42 Bridgeport Rd E in Waterloo in late November. We look forward to seeing everyone in the New Year!

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Kitchener Development Fund Builds Results

The downtown Kitchener area is seeing great benefits from the 2004 $110 million economic development fund: that original investment is seeing a lot of spin-off in the downtown and midtown areas. This area of King Street – once completely forgettable – now features some great developments and is attracting huge interest!

If you follow Momentum Developments projects, you’ll know that this downtown Kitchener area is where the One Victoria project is located. We’re excited to be a part of the growing buzz surrounding this revitalizing area!

From the Daily Commercial News article:

Established in 2004, Kitchener’s $110 million economic development investment fund was a one-time program that used a tax levy to raise its capital. Cory Bluhm, Kitchener’s manager of downtown development, says qualifying projects “had to be what we called a catalytic investment, meaning you invest in something with the hopes that it’s going to spinoff into other developments beyond itself.”

Over the years, the fund has been used to foster major projects, such as developing facilities to house the University of Waterloo’s School of Pharmacy and the McMaster School of Medicine, creating a new building for the Kitchener market and renovating a former school to accommodate the Wilfrid Laurier University School of Social Work, and to help finance a program to enhance the city’s King Street streetscape, a central corridor.

An impact analysis submitted to the city last year notes there has already been an increase in property values and, so far, nearly 1,600 jobs are linked to the fund’s investments. Major employers, such as Google and Desire2Learn have located downtown, and there are residential projects underway in the city’s core, including City Centre condominiums – a mixed use tower development that will feature more than 350 residential units as well as retail space, public courtyard and public parking.

Read the full Daily Commercial News article.

One Victoria: Summer 2014 Update

An update from the One Victoria Condominium Sales and Customer Service Team:

Over the hoarding it rises! In early July, One Victoria started to creep over the construction fencing and has now progressed to the pouring of the 2nd floor/mezzanine columns and walls. The floor of the 2nd storey residential suites has now been poured and the ground floor retail component is completely defined.

On any given day, there are approximately 40 trade contractors on site with the majority of them focused on the formwork. To date, nearly 5,000 cubic meters of concrete have been poured! Not bad, but a lot more coming. The entire superstructure should be in place by spring of 2015 based on the current schedule.

On the forming front, Dominion Forming Inc. is carrying the load. With approximately 25 – 30 tradesmen on site, they are in charge of setting up forms, facilitating concrete pours, stripping forms, and continuing clean-up on floors below. Bulldog Rebar, a local company that has worked on all of Momentum’s builds, is in charge of laying and tying the rebar.

On the mechanical and electrical front, Fred Kau and O’Connor Electric have won the contracts for One Victoria. During the superstructure phase, these teams only require a couple of tradesmen each. They will ramp up considerably when the building is closed-in and the finishing work begins. Of course, as mentioned in a previous newsletter, Melloul Blamey is in charge of construction management.

We are still on target to start the colour selection process sometime in late 2014 or early 2015. We will be closing the Presentation Centre at 16 Victoria St N and opening a new selection centre at 42 Bridgeport Rd E in Waterloo.

Get One Victoria updates delivered directly to your email by registering at the One Victoria website.

Photos of One Victoria Under Construction

One Victoria: Spring 2014 Update

Photos of One Victoria Under Construction

An update from the One Victoria Condominium Sales and Customer Service Team:

There will be a lot of rejoicing on site at One Victoria when the extreme temperatures of 2014 subside. The winter was vicious and unrelenting. Over the course of the past few months we’ve lost countless days to intense cold temperatures and high winds. The first day of spring is a welcome milestone, but negative temperatures continue. Surely Mother Nature will now bless us with a long, hot summer to make up some ground.

While conditions weren’t ideal, there was a lot of progress made in Jan/Feb/Mar. The shoring is now essentially complete and a number of perimeter and strip footings have been poured. The elevator base is clearly recognizable now.

At the outset of March, we did run into some site issues that slowed things down to a halt. You may have noticed a short period of inactivity, but we are now back up and running. Unfortunately, we had to replace the original forming company with newcomers, Dominion Forming Inc. They are more than capable of picking up where it was left off, but we did endure about two weeks of downtime. In the big picture, this work stoppage can be made up with some better weather throughout the summer and beyond.

Get One Victoria updates delivered directly to your email by registering at the One Victoria website.

Central Kitchener’s Biggest Condominium Project Yet!

The Record did a great write-up of the new One Victoria project recently. This area of Kitchener is really coming alive, driven by the tech and startup sectors that have come together to form the Innovation District.

From The Record:

Light rail transit and the new multi-modal central station at King and Victoria streets figure large in Momentum’s reasons for building in that area. Proximity to transit plays an enormous role in the appeal of the condo sites, Prudham said.

“Typically our site selection process starts with proximity to employment, amenity and public transit,” Prudham said. “So one of the first questions we ask is: ‘How close is the nearest LRT platform?'”

The 100 Victoria project is near the outer edge of the Innovation District – that part of downtown that is within 600 metres of the future multi-modal transit station. Kitchener’s economic development strategy said that district has the potential and space for 15,000 new jobs and 4,000 new residents by 2031.

Rod Regier, the city’s head of economic development, said Momentum’s new project is another great sign of confidence in the downtown and the Innovation District.

“We are now starting to see a medium-high density, pedestrian-oriented and transit-supported city emerge in the centre of Waterloo Region,” Regier said.

“It’s giving us the ability to compete in the creative economy with Global cities,” he said.

Read the full article on The Record website.

Shaping Waterloo Region's Urban Horizon

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5 Michael Street
Kitchener, Ontario
N2G 1L7

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Momentum Developments
55 Northfield Drive East, Suite 285
Waterloo, Ontario
N2K 3T6

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