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Proposed The Red Condominiums | 23 m | 6 fl

Post #9421
02-19-2010 09:33 AM
jay

Moderator
The Red Condominiums
186/188 King Street South, Waterloo
Developer:
*NOTE: More detailed renders and images will be released by Momentum in the coming weeks. Image from Momentum Developments.
Post #9422
02-19-2010 10:00 AM
Spokes

Conurbation Member
Kitchener
Joined Dec 2009
5004 posts
Are the units definitely for sale? I guess I just always thought they might be rentals when in the council papers it said the project would "provide opportunity for affordable/student housing"
Post #9429
02-23-2010 05:10 PM
Greg Moore

Urban Issues Moderator
Belmont Villiage
Joined Dec 2009
240 posts
The opinions expressed in my messages may not be the shared opinions of Wonderful Waterloo
E-mail me! - accessibility@wonderfulwaterloo.com
Regarding 186 King St S I found this today on www.icx.ca.

http://www.icx.ca/propertyDetails.as...ertyId=8928250

Excellent Corner Redevelopment Site On King St. S At The Corner Of Allen St. Approx 0.37 Acres With Existing Building Of Approx 7350 Sf. Wide Array Of Uses Permitted On The Site Including Commercial, Residential And Institutional Under Zoning Bylaw. 1.08 Property Being Undersold Under A Modified Tender Bidding Process With A Bid Date Of January 29, 2010. The Vendor Reserves The Right To Change The Bid Date In Its Sole Discretion.**** EXTRAS **** 2nd Agent: Hudson Merritt, 519-340-2318

The price...$1. I'm in. Whatcha wanna build?
Post #9430
02-23-2010 07:10 PM
Spokes

Conurbation Member
Kitchener
Joined Dec 2009
5004 posts
Im really curious what the actual price is. I'd LOVE to see it get redeveloped. Lots of potential for something mid rise there.
Post #9431
02-23-2010 10:43 PM
jay

Moderator
Bauer Lofts, Waterloo
Joined Dec 2009
667 posts
It's 1.6 million. It's listed somewhere I forget where but I saw that number.

I would love to see this get redeveloped also. 188 King st South is about to get demo'd and it would have been nice for a combined development. What annoys me is that grey building is staying, it would have been nice if it was in the 188 project.
Post #9433
02-24-2010 08:45 AM
Spokes

Conurbation Member
Kitchener
Joined Dec 2009
5004 posts
Quote Originally Posted by Bauer123 View Post
It's 1.6 million. It's listed somewhere I forget where but I saw that number.

I would love to see this get redeveloped also. 188 King st South is about to get demo'd and it would have been nice for a combined development. What annoys me is that grey building is staying, it would have been nice if it was in the 188 project.
Ya it definitely would have been nice to combine all 3 of those properties, but I have hope for two separate smaller properties if they are done correctly. They should add a good amount of architectural variety in terms of both height and design.
Post #9434
02-24-2010 08:51 AM
jay

Moderator
Bauer Lofts, Waterloo
Joined Dec 2009
667 posts
True. With 188 being 5 floors: I think the red cross lot could be 9 or 10 and the Allen Square is 6 stories so it would give it a nice variation.

I'm curious if the owners of the apartment buildings a couple homes up on King will sell. They are directly in front of Bauer and they are showing there age. They could probably double the rent that is paid there now if a nicer building was done.
Post #9435
02-24-2010 09:07 AM
Spokes

Conurbation Member
Kitchener
Joined Dec 2009
5004 posts
Quote Originally Posted by Bauer123 View Post
True. With 188 being 5 floors: I think the red cross lot could be 9 or 10 and the Allen Square is 6 stories so it would give it a nice variation.

I'm curious if the owners of the apartment buildings a couple homes up on King will sell. They are directly in front of Bauer and they are showing there age. They could probably double the rent that is paid there now if a nicer building was done.
Ya now that Bauer's done, and 188 is about to get going we could definitely see some people start selling. Especially if they see the Red Cross building sell.
Post #9469
03-27-2010 02:50 AM
UrbanWaterloo

Moderator
Kitchener-Waterloo
Joined Dec 2009
3615 posts
188 King Street South, Waterloo "Before Shot" - March 26, 2010

Post #9471
03-27-2010 08:21 AM
Spokes

Conurbation Member
Kitchener
Joined Dec 2009
5004 posts
Quote Originally Posted by UrbanWaterloo View Post
188 King Street South, Waterloo "Before Shot" - March 26, 2010
Does this mean demolition is right around the corner? I sure hope so
Post #9472
03-27-2010 11:19 AM
jay

Moderator
Bauer Lofts, Waterloo
Joined Dec 2009
667 posts
You beat me to that picture Urban! I was going take one from my balcony. When this starts we will have nice aerial shots of this getting built, with the view from our lofts.

Kieswetter Demolition was there a couple weeks ago taking out interior stuff, but I haven't seen anything since. I thought the Red Cross building would sell already also. I wonder if what is holding it up is someone might be trying to negotiate both property's and the owner of 188 is weighing his options.. Just a thought... It is only March so maybe they want to wait until April and the better weather.

When I look out my window I see lots of options on King that could be re-devoleped. Dairy Queen really stands out for me. The lot is pretty big, and they are a seasonal location. If they wanted to keep it they could move into the bottom of a new building, plus I doubt that location has been updated since the 60's like the Cambridge one by GCI.
Post #9473
03-27-2010 02:26 PM
Spokes

Conurbation Member
Kitchener
Joined Dec 2009
5004 posts
Ya that DQ lot would be perfect! Its a lot deeper than it seems too.
Post #9524
05-21-2010 09:56 AM
jay

Moderator
Bauer Lofts, Waterloo
Joined Dec 2009
667 posts
Also what's going on with 188 King St South?. I wonder if they shelved the plans until they find out what is happening with the Red Cross Building.
Post #9537
06-05-2010 11:43 AM
jay

Moderator
Bauer Lofts, Waterloo
Joined Dec 2009
667 posts
Red Cross on King St in Uptown has a sold sign on it. I wonder now that this is sold we will find out what is happening to 188 King St S, beside it. There was supposed to be a 5 story mixed use apartment going there but nothing has happened in months.

I wouldn't be surprised if they will combine the lots in order to make a bigger project. If they do that they should buy the gray house beside 188 also.
Post #9541
06-07-2010 02:19 PM
myfaceisonfire

Hamlet Member
Joined Jan 2010
42 posts
Quote Originally Posted by jay View Post
Red Cross on King St in Uptown has a sold sign on it. I wonder now that this is sold we will find out what is happening to 188 King St S, beside it. There was supposed to be a 5 story mixed use apartment going there but nothing has happened in months.

I wouldn't be surprised if they will combine the lots in order to make a bigger project. If they do that they should buy the gray house beside 188 also.
A little birdie told me that Momentum Developments bought the red cross property and they plan to develop another infill project there. The birdie didn't know if they had also bought the adjacent properties.

Momentum is playing for keeps in in Waterloo, and that's a good thing!
Post #9542
06-07-2010 03:26 PM
jay

Moderator
Bauer Lofts, Waterloo
Joined Dec 2009
667 posts
Great news!, hopefully it's around 6-8 stories and mixed use.
Post #9543
06-07-2010 10:34 PM
Spokes

Conurbation Member
Kitchener
Joined Dec 2009
5004 posts
Quote Originally Posted by myfaceisonfire View Post
A little birdie told me that Momentum Developments bought the red cross property and they plan to develop another infill project there. The birdie didn't know if they had also bought the adjacent properties.

Momentum is playing for keeps in in Waterloo, and that's a good thing!
That's a great thing!!

And I echo Jay's comment too.
Post #9544
06-08-2010 04:21 PM
UrbanWaterloo

Moderator
Kitchener-Waterloo
Joined Dec 2009
3615 posts
cc LRT Letters to letters@wonderfulwaterloo.com
Awesome news on Momentum & 186 King Street South (Red Cross)!
Post #12980
08-20-2010 01:20 PM
myfaceisonfire

Hamlet Member
Joined Jan 2010
42 posts
Quote Originally Posted by myfaceisonfire View Post
A little birdie told me that Momentum Developments bought the red cross property and they plan to develop another infill project there. The birdie didn't know if they had also bought the adjacent properties.

Momentum is playing for keeps in in Waterloo, and that's a good thing!

In the August 23rd Packets there is a letter indicating momentum's desire to not have the red cross building listed as a heritage property. The reason is that they own both 186 King and 188 King. They intend to develop another mixed use development similar to the42. I guess that all but confirms things. Let's hope it goes through!
Post #17251
09-20-2010 12:52 PM
metropolis

Town Member
Waterloo
Joined Jan 2010
129 posts
This then may be an opportunity for Momentum to expand their project so we get something equal in stature to what is across King. With the For Sale signs up though I'm thinking they aren't jumping at this because as a seller I would have apprached them prior to listing.
Post #17252
02-19-2010 09:33 AM
jay

Moderator
Bauer Lofts, Waterloo
Joined Dec 2009
667 posts
Kieswetter has been preping the demolition of 188 King St South for the last 2 days. Hopefully they start construction right away.

Has anyone heard anything about a sales office?
Post #22390
01-10-2011 09:04 AM
benjaminbach

Town Member
Waterloo
Joined Oct 2010
217 posts
Benjamin Bach, Sales Rep & Director at KW Commercial | Read my real estate investment blog
Not intended to solicit clients or properties under contract.
Quote Originally Posted by Floor2012 View Post
I'm thinking of buying an investment unit in the RED building. They are planning some studio apartments in the 425 sq. ft. range. But are these sq. ft. prices sustainable?
Did you get pricing & floor plan info from them?
Post #22401
01-10-2011 01:05 PM
Floor2012

Hamlet Member
Joined Jan 2010
37 posts
Quote Originally Posted by benjaminbach View Post
Did you get pricing & floor plan info from them?
I don't have plans or pricing. And to avoid confusion...I understand that they are planning some studio apartments starting from 425 sq. ft in size. (not to be confused with per sq. ft. cost).
Post #22425
01-11-2011 07:42 AM
benjaminbach

Town Member
Waterloo
Joined Oct 2010
217 posts
Benjamin Bach, Sales Rep & Director at KW Commercial | Read my real estate investment blog
Not intended to solicit clients or properties under contract.
Quote Originally Posted by Floor2012 View Post
I don't have plans or pricing. And to avoid confusion...I understand that they are planning some studio apartments starting from 425 sq. ft in size. (not to be confused with per sq. ft. cost).
Gotcha, thanks. That'll make Kaufman seem spacious!
Post #23779
01-26-2011 10:51 AM
Lynne

Hamlet Member
Joined Jan 2011
1 posts
Does anyone have more info about these condos? Size and price would be good to know.
Post #23787
01-26-2011 12:40 PM
Spokes

Senior Moderator
Kitchener
Joined Dec 2009
5348 posts
Quote Originally Posted by Lynne View Post
Does anyone have more info about these condos? Size and price would be good to know.
None of that has been released yet. Should happen soon though. We'll have it here on WW as soon as it's public knowledge. Maybe even sooner
Post #23801
01-26-2011 05:02 PM
jay

Senior Moderator
Bauer Lofts, Waterloo
Joined Dec 2009
738 posts
I know they have been doing soil sampling on the site for the last couple of days