The developer says people will be able to move in by this fall.
John Rocca of the Ellerdale Group of Companies says the unit prices have increased three times and will increase again when the building is enclosed and when the project is ready for occupancy.
He says condo projects never drop their prices so they also tells their buyers someone that bought in the beginning, the value of their condo has likely increased by $30,000.
Phase 1 of the project is estimated at $20 million and Phase 2 will be worth about $12 million.
To see video of the Water street project..click here
