News - Page 3 of 3 - Momentum Developments

One Victoria: Spring 2014 Update

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.

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Posted On: April 20, 2014

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.

Posted On: January 17, 2014