Lululemon in Waterloo

For now, Lululemon can be found inside Waterloo Town Square at 75 King Street North in Waterloo, Ontario.

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The View at the42 Condos in Waterloo

This morning I popped over to the42 in Uptown Waterloo to see the sales centre for RED Condos, the latest project from Momentum Developments.

Momentum has done a great job on the sales centre, and the plans for RED look terrific. You can find the floorplans at this link.

While there, I had the opportunity to see one of the Penthouse units. The owner toured us around, showing off their new home.

What a Penthouse! 2 storey exposed concrete walls…. Expansive views of Waterloo to the North and the South… While not yet finished, it’s a pretty spectacular unit.

Check out some of the views below. These are from the 6th floor of the42 condos on Bridgeport.

Inside the42 Condos

And here are some interior images from a different unit here, a sub penthouse (5th floor) at the42:

Another look at the living room:

Buying a condo at the42

the42 sold out very quickly in pre construction when it was launched, but now that it is registered, a couple people have put their condos up for sale on the market.

Momentum Developments built this – they also completed the BPR Lofts across the street at Regina & Bridgeport, and they are behind the upcoming RED Condominiums in Waterloo, that just released their floorplans.

If you’re interested in availability in this great Uptown Waterloo building, send me an email or give me a call.

Interior pictures of the the42 condo sub-penthouse originally posted at WonderfulWaterloo.com

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144 Park, Waterloo

144 Park is a condo development in Waterloo that has been selling pre-construction for a couple years – and construction looks like it will finally get underway this fall.

Second 144 Park Tower?

144 Park is a 19 floor tower at the corner of Park & Allen, adjacent to the Bauer Lofts (which features the Bauer Kitchen, and is just across the street from the to-be-built RED Condos in Waterloo), and the rumour on the street is that there will be a second tower added to 144 park.

This has not yet been approved by (or come before) City of Waterloo’s Council, so it is speculative at this point.

The first mention we heard of this was from user Floor2012 at WonderfulWaterloo:

“The second tower would be located on the block of land bounded by Caroline, Park, the Sun Life garage and the 144 Park. If you google map the satellite view you can see that the total piece of land is really a rectangle once the Iron Horse Trail is rerouted. And no I don’t know exactly how the rerouting will happen but I understand that the City favours Mady redeveloping the whole block. Maybe the trail would just run along between the Sun Life garage and the second tower, hooking up again on Caroline Street.

Obvoiusly there must have been alot of discussions and negotiations in recent months between Mady, The City and the group that owned the second piece of land. I heard at one point that this group (some of which were involved with the Bauer) were planning their own condominium on this site.

Now Mady expects to build a second building that will be compatiable architecturally with the 144 Park. I don’t have all the answers. I’m just one of the over 135 people who have purchased at 144 Park and received an update from the developer this week.”

Interested in a Condo at 144 Park?

If you’re interested in a condo here, send us an email or give us a call.

For pricing & availability of the condos at 144 Park in Waterloo - the remaining units in the first tower, or in the rumoured second tower - , call me at 519-772-4376 or email me directly at Benjamin AT BenjaminBach DOT com.

If you are interested in other Waterloo Condos, let us know what you are looking for. We have a selection of condos available under $200,000, as well as other pre-construction developments.  Whatever type of real estate investment you’re looking for, we can help you with it.

(Images courtesy of 144 Park.)

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This mid rise condo loft development was just completed this year, and has a prominent Uptown Waterloo location at Bridgeport & Peppler.

Momentum Developments is getting a lot of love around Waterloo these days for the release of their new development, RED Condominiums, which debuted last night to a VIP crowd and proceeded to sell out half the building.

the42 Condos on Bridgeport

The residential condos were completed this summer, and the building was registered as a condo last month.  Once a condo building is registered, owners receive title (ownership) and can sell their units on the MLS if they wish.

the42 Condos Resale Prices

Since registration, two condos have sold at the42, and the prices bode very well for everyone who bought back in 2008 during pre-construction.

A 2 bedroom unit was just sold by a private owner, and it sold for $392 per square foot.

A second unit was sold, and it hit $400 a square foot.

the42 Condos have been a very good investment so far – the average price was under $300 per square foot when these were sold pre-construction.

the42 Condo Interior Images

PS – remember these great pics? They’re from a 2 bedroom + den at the42 owned by WonderfulWaterloo member Sampson

Feel like there is more natural light in this kitchen than most other?  You’re right.

The owner of this residence worked with the builder to customize the floorplan, moving the kitchen adjacent to the terrace and it’s wall of windows.  I think it looks terrific – and it’s unique.

Notice the low VOC bamboo floors, just one of the lower impact “green” options that Momentum Developments offered at the42.

the42 Condos For Sale

For pricing & availability of the42 condos in Waterloo, call me at 519-772-4376 or email me directly at Benjamin AT BenjaminBach DOT com.

If you are interested in other Kitchener Waterloo Condos, let us know what you are looking for. We have a selection of condos available under $200,000, as well as other pre-construction developments.  Whatever type of real estate investment you’re looking for, we can help you with it.

There are currently two units at the42 condos for sale – let me know if you’d like to set up a private tour.

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Half of the RED Condos in Waterloo SOLD

Momentum Developments, the firm behind RED Condominiums in Uptown Waterloo, had their VIP launch party last night – and what a night it was.

After all the dust settled this morning:

Momentum Developments sold more than half the units at RED Condos.

Every condo under $300,000 sold.

Every Studio condo sold. (Pricing was between 218,900 and 241,900)

Every 1 bedroom condo sold. (Pricing was between 257,900 and 344,900)

All but one of the Sub Penthouse condos (fifth floor) sold.

One Penthouse residence sold.

There is a great selection of 1 bedroom + den units, and two bedroom units left – everything else has been sold.

Purchasers were a mix of real estate investors and residents looking for an Uptown Waterloo condo.

Clearly, people want to invest in Waterloo, Ontario – proving what REIN has been saying for years. (See “Ontario’s Top Investment Towns”) – after all, people who purchased condos at the42 have seen a very good return on their investments (See: Resale prices at the42 Condos in Waterloo).

Big congratulations to the team at Momentum Developments – you’ve brought another exciting project to Waterloo, and the market has responded with a resounding ‘Thanks!’

Floorplans for Red Condos in Waterloo

If you’re interested in floorplans, we have them available here:  RED Condo Floor Plans.  If the floorplan you’re looking for hasn’t been added to our site yet, just send me an email & I will send it directly to you.

Pricing for Red Condos in Waterloo

For pricing information on the Red Condos in Waterloo, call me at 519-772-4376 or email me directly at Benjamin AT BenjaminBach DOT com.

If you are interested in other Waterloo Condos, let us know what you are looking for. We have a selection of condos available under $200,000, as well as other pre-construction developments.  Whatever type of real estate investment you’re looking for, we can help you with it.

Images of Red Condos in Waterloo courtesy of Momentum Developments.

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Over 30 Units Sold at RED Condominiums Opening Night

The RED Condominiums by Momentum Developments in Uptown Waterloo went on sale last night at a VIP event, and the first reports are that at least 34 of 64 units have already been sold.

(Update: I have confirmed this with Momentum Developments. Specifics can be found at RED Condominiums in Waterloo are over half sold out already.)

Most of the sales are of smaller units, including Studios and 1 beds, which are now completely sold out.

What units are left at RED Condominiums?

There are larger floor plans available, including spacious Penthouse level condos, which can be combined if even more space is desired.

Momentum has a reputation for selling their new developments faster than anyone else (they built the42 on Bridgeport, which sold very quickly in 2008, and they completed BPR Lofts on Regina too), and RED looks to be keeping up the trend.

This pace of sales is much faster than reports we are hearing from City Centre & Arrow Lofts.

If you are interested in the floorplans for RED Condominiums, clic here.

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the42 by Momentum Developments in Uptown Waterloo on Bridgeport Road was recently finished, and people have been living there all summer.

Pictures of a Penthouse at the42

This morning, a WonderfulWaterloo member Sampson posted some pictures of their Penthouse (5th floor) 2 bedroom + den unit at the42 – and notably, the builder modified the floorplan at the request of the resident.

Take a look at the pictures – what a wonderful residence!

The living room at the42, looking into an office / den:

Another look at the living room:

Notice the bamboo floor – the builder, Momentum Developments, offered a variety of low VOC flooring options (less impact on the environment than traditional materials).  This was one of the green features of the42.

And here is the Kitchen: Note the loft style duct work that is featured at the42:

This Kitchen picture shows us one of the modifications to the floorplan that the resident made – none of the standard floorplans for the single level 5th floor Penthouses have their Kitchen adjacent to the wall of natural light & the terrace, but Sampson’s Penthouse smartly does.

Look how bright and inviting that area is now!

Prices at the42

Originally posted at Resale pricing for the42 Condos in Waterloo:

A 2 bedroom unit was just sold by a private owner, and it sold for $392 per square foot.

A second unit was sold, and it hit $400 a square foot.

the42 Condos have been a very good investment so far – the average price was under $300 per square foot when these were sold pre-construction.

Buying a condo at the42

the42 sold out very quickly in pre construction when it was launched, but now that it is registered, a couple people have put their condos up for sale on the market.

Momentum Developments built this – they also completed the BPR Lofts across the street at Regina & Bridgeport, and they are behind the upcoming RED Condominiums in Waterloo, that just released their floorplans.

If you’re interested in availability in this great Uptown Waterloo building, send me an email or give me a call.

Pictures of this the42 condo was originally posted at WonderfulWaterloo.com

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RED Condominiums in Waterloo Floorplans Released

Momentum Developments Newest Waterloo Development - RED Condominiums – has released floorplans for the six floor mixed use development (retail on the main floor, residential condo units above), and they look good.

You can view all the RED Condo Floor Plans here.

Momentum Developments is the firm behind the42 and the BPR Lofts two of the hottest projects in Uptown Waterloo.  BPR Lofts recently finished, and the42 is just wrapping up, with the residential condos now registered, and work just finishing up on the exterior grounds & commercial units.

Their new project – the RED Condos in Waterloo at Allen & King, across from the Bauer Lofts - has units ranging from small studio condos (from 528 sq ft) up to a roomy 1931 square foot penthouses on the sixth floor, complete with wrap around terrace.

Sales at RED Condominiums in Waterloo

Momentum Developments held a VIP launch August 31, and they have already sold more than half of the whole building.  

1 bedroom + den, and 2 bedroom units are still available.

Here, for your viewing pleasure, is the smallest floor plan, and the largest.

Which unit at RED Condominiums do you prefer?

Which do you think will be the better investment?

and the Penthouse:

If you’re interested in the floorplans and more info on the RED Condominiums, send me an email or give me a call.

Keller Williams is not acting for the vendor; this building is building sold directly by the vendor.

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This is being built at the corner of Allen and King Street in Waterloo, directly across from the Bauer Lofts.

The plans aren’t fully approved yet;  Momentum is asking the city to ammend the Official Plan and the zoning for the lot.  From the city of Waterloo’s website:

Official Plan Amendment: The properties are currently designated “ Commercial – Office Commercial“ on Schedule “A1“ and “Medium density, 6 Storeys“ on Height and Density Schedule “A2“ of the City’s Official Plan.  Up to a maximum density of 150 units per hectaare is currently permitted.  The applicant is requesting an Official Plan amendment to applyy a Special Policy Area to the properties to allow a density of up to 311 units per heatacre, and 395 bedrooms per hectare.

Request: The applicant is requesting a Zoning By-Law amendment to add a site-specific provision to allow an increase in the permitted density from 150 units/ha to 311 units/ha, an increase in the permitted height from 18m to 22m, a reduction to setbacks and amenity area requirements, and the addition of retail, restaurant, bake shop and clinic as a permitted uses at grade. The lands would retain the existing Commercial Two – 6 Storeys “C2 -6” zoning in By-law 1108.

Purpose: The purpose of the amendments is to facilitate the development of a 6 storey, mixed use building containing approximately 16,000 sq.ft of commercial space at grade fronting toward King Street South, 63 residential units on the storeys above grade (range of 1, 2 and 3 bedroom units), and 67 parking spaces (of which 45 are proposed underground). Dodd’s Lane is proposed to be extended through to Allen Street East, to complete the connection from John Street. Vehicular access to the site is proposed from both Allen Street East and Dodd’s Lane.

Plans call for 11 studio units, 17 1 bedroom units, 18 1 bedroom +den, 13 two bedroom units and 4 two bed + den units.  There will be 16,000 square feet of retail on the ground level, with parking out back and underground.

Pricing has not been released, but my prediction is that RED Condominiums pricing will break the $400 per square foot price point

What do you think of RED by Momentum?

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Update II: RED Condos in Waterloo are over half sold out already

RED Condominiums by Momentum Bring More Style to Uptown Waterloo

Momentum Developments, the firm behind the42 and BPR Lofts in Waterloo has announced plans for a new 6 story condo development in Uptown Waterloo across from the Bauer Lofts - RED Condominiums.

The Red Condominiums will be 63 units with ground level retail, and slightly larger than the42 that Momentum is building right now on Bridgeport Road.

Plans call for 11 studio units, 17 1 bedroom units, 18 1 bedroom +den, 13 two bedroom units and 4 two bed + den units.

The designs released online by Momentum Developments are HOT.

The Red Condominiums look to continue Momentum’s reputation for developing good looking buildings – arguably the nicest condos in Waterloo under development right now (the42)

The Record is reporting that the city still needs to approve a rezoning request, but its looking good.

Momentum Developments, a Waterloo-based company that does infill developments in the city core, will ask city councillors soon to rezone the land to allow for the mixed-use building that will have six floors and an underground-parking garage.

If the rezoning is obtained next month, marketing and pre-sales could begin in the spring and the Red Condominium will become the third to go up in that section of the historic Mary-Allen Neighbourhood.

This would also be Momentum Developments’ third project in downtown Waterloo, following the 55-unit condominium at 42 Bridgeport Road, and the BPR Lofts at 36 Regina St. North.

…

Momentum Development’s rezoning application may have little difficulty getting support among city councillors. The development is in line with the Region of Waterloo’s official plan and growth- management strategy.

update: The Builder has gone to the city for an Official Plan & zoning amendment:

Official Plan Amendment: The properties are currently designated “ Commercial – Office Commercial“ on Schedule “A1“ and “Medium density, 6 Storeys“ on Height and Density Schedule “A2“ of the City’s Official Plan.  Up to a maximum density of 150 units per hectaare is currently permitted.  The applicant is requesting an Official Plan amendment to applyy a Special Policy Area to the properties to allow a density of up to 311 units per heatacre, and 395 bedrooms per hectare.

Request: The applicant is requesting a Zoning By-Law amendment to add a site-specific provision to allow an increase in the permitted density from 150 units/ha to 311 units/ha, an increase in the permitted height from 18m to 22m, a reduction to setbacks and amenity area requirements, and the addition of retail, restaurant, bake shop and clinic as a permitted uses at grade. The lands would retain the existing Commercial Two – 6 Storeys “C2 -6” zoning in By-law 1108.

Purpose: The purpose of the amendments is to facilitate the development of a 6 storey, mixed use building containing approximately 16,000 sq.ft of commercial space at grade fronting toward King Street South, 63 residential units on the storeys above grade (range of 1, 2 and 3 bedroom units), and 67 parking spaces (of which 45 are proposed underground). Dodd’s Lane is proposed to be extended through to Allen Street East, to complete the connection from John Street. Vehicular access to the site is proposed from both Allen Street East and Dodd’s Lane.

I love the design, and welcome it as an addition to Waterloo’s core. We need more developments like this.

What do you think?

Keller Williams is not acting for the vendor; this building is building sold directly by the vendor.

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