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+--- Thread: The Scott (59-65 Weber E) | 11 fl | Complete (/showthread.php?tid=1378)
RE: 59-65 Weber St E & 51-59 Scott St | 11 fl | U/C - jgsz - 08-18-2019
The way the site looked today.
RE: 59-65 Weber St E & 51-59 Scott St | 11 fl | U/C - panamaniac - 08-22-2019
The Record has a render of the project that, istm, is new or updated. Nothing groundbreaking, but it looks OK At least it's only partly grey (!). Not sure whether we knew that it would be "mixed use", but good for them.
RE: 59-65 Weber St E & 51-59 Scott St | 11 fl | U/C - taylortbb - 08-22-2019
Link: https://www.therecord.com/news-story/9562747-another-highrise-going-up-in-kitchener-s-east-end/
And render:
RE: 59-65 Weber St E & 51-59 Scott St | 11 fl | U/C - KevinL - 08-22-2019
Perhaps a bit simple, but nothing objectionable. I quite like it.
RE: 59-65 Weber St E & 51-59 Scott St | 11 fl | U/C - tomh009 - 08-22-2019
And it manages not to look like a generic condo tower. It's good in my books.
RE: 59-65 Weber St E & 51-59 Scott St | 11 fl | U/C - tomh009 - 08-22-2019
(08-22-2019, 08:21 PM)taylortbb Wrote: Link: https://www.therecord.com/news-story/9562747-another-highrise-going-up-in-kitchener-s-east-end/
That's a lot of rental development happening in DTK; the number of investor-rented condos might actually start to abate at some point in the near future:
- This building
- Other building at Weber St E and Scott S
- Drewlo development
- Market Flats
- Vive development on Margaret St
- Vive development on Queen St S
- Node
RE: 59-65 Weber St E & 51-59 Scott St | 11 fl | U/C - panamaniac - 08-22-2019
(08-22-2019, 10:13 PM)tomh009 Wrote:(08-22-2019, 08:21 PM)taylortbb Wrote: Link: https://www.therecord.com/news-story/9562747-another-highrise-going-up-in-kitchener-s-east-end/
That's a lot of rental development happening in DTK; the number of investor-rented condos might actually start to abate at some point in the near future:
- This building
- Other building at Weber St E and Scott S
- Drewlo development
- Market Flats
- Vive development on Margaret St
- Vive development on Queen St S
- Node
Has there been anything to indicate that this one will actually be builit?
To your list, I'd add Arrow Lofts II.
RE: 59-65 Weber St E & 51-59 Scott St | 11 fl | U/C - tomh009 - 08-23-2019
(08-22-2019, 10:34 PM)panamaniac Wrote:(08-22-2019, 10:13 PM)tomh009 Wrote: That's a lot of rental development happening in DTK; the number of investor-rented condos might actually start to abate at some point in the near future:
- This building
- Other building at Weber St E and Scott S
- Drewlo development
- Market Flats
- Vive development on Margaret St
- Vive development on Queen St S
- Node
Has there been anything to indicate that this one will actually be builit?
To your list, I'd add Arrow Lofts II.
The Record article claims they will start before the end of the year.
Thanks for pointing out Arrow II, I don't know how I missed that!
RE: 59-65 Weber St E & 51-59 Scott St | 11 fl | U/C - Spokes - 08-23-2019
I think that render is perfect for the location
RE: 59-65 Weber St E & 51-59 Scott St | 11 fl | U/C - panamaniac - 08-23-2019
(08-23-2019, 11:55 AM)Spokes Wrote: I think that render is perfect for the location
Let's hope tha actual building does as well ...
RE: Weber, Scott and Pearl PL | 10 fl | Proposed - jeffster - 08-23-2019
(08-23-2019, 12:45 PM)tomh009 Wrote:(01-16-2019, 05:45 PM)urbd Wrote: Move in date - they wouldn't announce a construction start date in their marketing materials.
The Record says construction is due to start by the end of this year.
https://www.therecord.com/news-story/9562747-another-highrise-going-up-in-kitchener-s-east-end/
Quick math determines that the per unit cost is $142,000 -- not including ground floor, so maybe closer to $135,000. I highlight this because it shows the amount of profit these companies are making when they sell a 500 square foot unit for over $300,000...certainly I am in the wrong business!
RE: Weber, Scott and Pearl Pl | 11 fl | Proposed - tomh009 - 08-23-2019
To the $19M construction cost you should add the value of the land -- maybe something in the range of $5M to $10M, at a rough guess. Plus development fees to the city/region, and commissions to the agents.
Not saying it's not profitable, but if it were THAT profitable there would be even more of a gold rush!
RE: Weber, Scott and Pearl PL | 10 fl | Proposed - taylortbb - 08-23-2019
(08-23-2019, 02:10 PM)jeffster Wrote:(08-23-2019, 12:45 PM)tomh009 Wrote: The Record says construction is due to start by the end of this year.
https://www.therecord.com/news-story/9562747-another-highrise-going-up-in-kitchener-s-east-end/
Quick math determines that the per unit cost is $142,000 -- not including ground floor, so maybe closer to $135,000. I highlight this because it shows the amount of profit these companies are making when they sell a 500 square foot unit for over $300,000...certainly I am in the wrong business!
You've got the wrong thread. This thread is about the building on the north side Weber, which was tangentially mentioned at the end of that article. All the mentions of units and costs in the article is about http://www.waterlooregionconnected.com/showthread.php?tid=1378
RE: 59-65 Weber St E & 51-59 Scott St | 11 fl | U/C - tomh009 - 08-23-2019
Moved now.
RE: 59-65 Weber St E & 51-59 Scott St | 11 fl | U/C - kalis0490 - 08-27-2019
The colour scheme, height and general styling of this building reminds me of SAGE 1.
The architect of the building will be SRM Architects according to https://ontarioconstructionnews.com/kitcheners-downtown-to-undergo-big-changes-in-coming-years-as-high-rise-residential-and-office-projects-move-forward/.
@panamaniac, I would say that the building across the street has a very good chance of being built. Killiam REIT (The developer of that project), is a national-level apartment management firm. Additionally, the developer shows commitment as they have already proposed the massive Erb/Westmount development.
I'm honestly more surprised that this project is going ahead, given the change in developers and development concepts. Speaking of which, does anyone know what happened to Vanguard Developments, this project's original developer? After completing "The Walter", They had a couple of projects lined up but none have been built so far.
As a bonus here's NEO Architecture's "Phoenix One" proposal for this plot of land from a couple of years ago:
(05-21-2018, 10:02 PM)Pheidippides Wrote: The silhouettes in the the 242 Queen St address would almost seem to fit the Roof location.
The Phoenix One almost looks like the grade at 59 Weber (@ Scott. and it has a 59 in the render):
![[Image: opt-11_ThePhoenixOne_Kitchener_Concept_1...24x576.jpg]](http://neoarchitecture.ca/wp-content/uploads/2018/04/opt-11_ThePhoenixOne_Kitchener_Concept_1200px-1024x576.jpg)