186/188 King Street South (Momentum) | 23 m | 6 fl

The Red Condominiums
186/188 King Street South, Waterloo
Developer: Momentum Developments
Other Projects: the42 & BPR Lofts
www.redcondominium.ca

6 Story Building (64 Units) With Ground Level Retail
Similar But Slightly Larger Than the42
Presentation Center Grand Opening September 24, 2011

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jay · 02-19-2010 09:33 AM

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?

Spokes · 02-19-2010 10:00 AM

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"

Greg Moore · 02-23-2010 05:10 PM

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?

Spokes · 02-23-2010 07:10 PM

Im really curious what the actual price is. I'd LOVE to see it get redeveloped. Lots of potential for something mid rise there.

jay · 02-23-2010 10:43 PM

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.

Spokes · 02-24-2010 08:45 AM

Originally Posted by Bauer123

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.

jay · 02-24-2010 08:51 AM

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.

Spokes · 02-24-2010 09:07 AM

Originally Posted by Bauer123

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.

UrbanWaterloo · 03-27-2010 02:50 AM

188 King Street South, Waterloo "Before Shot" - March 26, 2010

Spokes · 03-27-2010 08:21 AM

Originally Posted by UrbanWaterloo

188 King Street South, Waterloo "Before Shot" - March 26, 2010

Does this mean demolition is right around the corner? I sure hope so

jay · 03-27-2010 11:19 AM

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.

Spokes · 03-27-2010 02:26 PM

Ya that DQ lot would be perfect! Its a lot deeper than it seems too.

jay · 05-21-2010 09:56 AM

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.

jay · 06-05-2010 11:43 AM

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.

myfaceisonfire · 06-07-2010 02:19 PM

Originally Posted by jay

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!

jay · 06-07-2010 03:26 PM

Great news!, hopefully it's around 6-8 stories and mixed use.

Spokes · 06-07-2010 10:34 PM

Originally Posted by myfaceisonfire

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.

UrbanWaterloo · 06-08-2010 04:21 PM

Awesome news on Momentum & 186 King Street South (Red Cross)!

myfaceisonfire · 08-20-2010 01:20 PM

Originally Posted by myfaceisonfire

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!