Posted on August 2, 2016
VIctoria Common, Update and FAQ
Many people are wondering how Victoria Common is coming along, how large it will grow and what we can expect in the next couple of years. MHBPNA sent a list of questions to Joey Tsang, Director of Sales and Marketing and he provided the following answers:
We see the Victoria Common project really moving along. Most of the town-homes are done, and the first of the condo buildings. What can we expect to see from now until completion?
As the building gets more and more complete, the first thing you can expect are moving trucks as homeowners are taking possession of their homes. The biggest change you will see, from the exterior of the building, would the landscaping and paving. We are adding street parking spots on the St. Leger side by cutting spaces into the grass area, so we do not take away from the road. Landscaping with armour stones, retaining walls, and nice greenery will be added around the building to create a better streetscape.
When will the full project be complete? Does this depend on sales?
We had planned out 10 years for this project. We are on the 3rd year. Projects are always partially dependent on sales; if you don’t have that many sales, you should not build the buildings. That being said, our first and second buildings had reached the proper sales numbers for us to build, but weather is a huge factor along with workers, city etc.
Are you finding the people purchasing these units are from the Kitchener area, or are you finding some are moving in from the GTA?
We find a bit of both. We have had young couples that have lived in the GTA for years and are now moving into KW to work. We also see older folks, who grew up in this area, moved away to the suburbs, and now are looking to come back.
What do you feel is attracting people to the Victoria Common development?
The architecture and master plan is a big reason people come to Victoria Common. The area amenities and the location that we have to the downtown adds to its allure; residents want to be close to the city for its transportation and amenities, while being far enough to have a sense of neighbourhood and its own character.
Price is also a huge factor as we are one of the most economically priced projects in the area while still providing the finishes that people are looking for and underground parking. Let’s face it, no one wants to shovel snow in the winter, off their driveways, or their cars.
We had heard that the condos are some of the ‘greenest’ being developed in Canada. Can you tell us what features are being included to achieve this?
The biggest qualifier is our geothermal system partnered with the Mitsubishi VRF system. This reduces the greenhouse gases that are created by running an AC unit or the traditional boilers as the heating and cooling is generated from within the ground. The VRF system efficiently moves the air around, balancing all sides of the building to reduce waste in the ventilation system.
We also have solar panels that will be subsidizing the hydro uses for exterior lighting. Again reducing energy consumption. All common areas are motion sensored; areas that are vacant will have dimmed lights and only when a resident walks into the area will the lights come on.
What are some of the features of the piazza? Will there be space for businesses?
The Piazza will be a large public space with a park on one end and shoppes in the center. This will be where neighbours can meet each other and events can be planned by community groups.
Aside from the remediation challenge, have you had to deal with any others through the process?
Remediation was a huge challenge, but getting people to understand re-urbanization has been no easy feat. It is a relatively new concept, but a concept that is picking up speed throughout the Kitchener-Waterloo area. How you combine good living space with convenience and efficiency is always a challenge.
When complete, total number of units townhouses and condos?
Townhomes will be 220 and condos will sit just a little over 600
How many tonnes of soil were remediated?
Total cost to remediate soil?
Over $9 million
Strangest thing found onsite during construction?
Wooden pipes that were used prior to concrete pipes being introduced. We have them on display in the Museum.
Number of Condo buildings and floors of each?
We have 5 buildings. The first one being 4 storeys, second will be 6 storeys. 3rd and 4th will have 8 and the last building will have 12.
Number of townhomes?
Average price of a townhome/condo?
Townhomes are sold out, so I can’t even give you a number. Condos are sitting at $250,000 average, with an underground parking spot.
All information current as of August 1, 2016