Andrin Homes will break ground on the downtown Kitchener City Centre Condominiums building on November 11.
After months of delays, the developer signed papers with the city on Friday to finalize the purchase of the land on King Street.
"It's been a long haul," said Anne Marchildon, Andrin's vice president of sales and marketing. "We're really happy that we're finally at the stage where we've closed and can start construction."
The condo building, which will be located on King Street, between Young Street and Ontario Street, will be the largest residential development project in downtown Kitchener, says Andrin.
Once all phases of construction are complete, the City Centre will occupy the majority of a city block.
The cost of the one- to two-bedroom units range in price from $230,000 to around $300,000, according to Marchildon, and will be ready for move-in by spring 2015.