This week witnessed a higher than average volume of transactions take place including a mix of all asset classes. The most expensive transaction this week was for 50 acres of agricultural land, located near Binbrook, in Hamilton for $17,000,000 or $337,435/acre. This could either indicate a future industrial development or speculative future residential development given the existing zoning. Other notable transactions include 117 John St N, which looks to be part of an assembly for the 41 Wilson St acquisition by First Avenue Investment Counsel and Broccolini Construction’s purchase of 10 acres in Cambridge, further cementing their foothold in Southern Ontario. In the news, the city of Hamilton has approved a rezoning application for a proposed 769 unit, 27, 14 & 8 storey development by Slate Asset Management. Feel free to reach out with any questions regarding the GHA transactions or news.
Update brought to you by: Alex Manojlovich, Forge & Foster Investment Management
Please click the “GHA Sales Transaction Database” link below to view the most recent transaction activity.
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The scale of this district is massive and with its ambition comes the potential of becoming Hamilton’s next economic powerhouse.
Located right off the Highway 403 ramps, the West Hamilton Innovation District is split into two main components: McMaster Innovation Park & the Annex.
As the name would suggest, the McMaster Innovation Park side primarily consists of buildings from McMaster University including the McMaster Innovation Park Atrium, McMaster Automotive Resource Centre (MARC), and the recently acquired Westinghouse Corporation factory.
Ty Shattuck, CEO of McMaster Innovation Park, referred to their portion of the West Hamilton Innovation District as a 2.8 million square foot Life Sciences ‘MegaHub’.
A long-awaited road connection of Frid Street to Longwood Road will unite McMaster Innovation Park with the rest of the innovative companies operating on the other side of Frid Street, aka the Annex, which is nearly entirely powered by investment management group Forge & Foster.
The result will be an innovation supercentre that will truly encourage collaboration between industry and academia.
With the enormous amount of activity anticipated for this district, we’ve highlighted the anchor buildings and businesses leading the charge in the West Hamilton Innovation District.
The Atrium
The Atrium was MIP’s first multi-tenant building and is located in the only remaining office building that was part of Camco’s nearly century old manufacturing plant. The Atrium was the first structure in the master plan that showcased what this area could become.
This building now houses over 114 tenants, ranging from start-up companies and accelerators to research labs.
One of the tenants, Fusion Pharmaceuticals, recently made national headlines having received US $105 million from international investors for its cancer treatment clinical trials. That funding is on top of earlier investments of $46 million, making it the largest single investment ever in a Canadian startup.
Hyatt House
A new six-storey Hyatt hotel located right off of Longwood has been highlighted as priority in order to offer visitors opportunities to stay on site while they are attending conferences or supporting the launch of a new business. The proposed hotel will contain 144 units.
MARC
This existing building is known as the McMaster Automotive Resource Centre, or MARC for short, and it’s one of Canada’s leading research facilities based around electric and hybrid vehicles.
The 90,000 sqft, two-floor building allows for both collaborative and private spaces to develop, design, and test hybrid technology. Plans for the area call for greater expansion into the parking lot behind the building.
New office buildings
Two 4-storey office buildings will be located south of Frid Street.
Gowlings law firm has publicly announced that they are anchoring one of the buildings in a move to “strengthen [Gowlings’] ability to enhance strategic partnerships by staying close to those who are driving progress – the researchers, the engineers, the designers.”
CCRM Building
Late last year, CCRM announced that they had signed a Letter of Intent (LOI) to partner in the development of a biomanufacturing campus at MIP focused on regenerative medicine-based technologies and cell and gene therapies.
The new building is envisioned to be Canada’s largest and most advanced Contract Development and Manufacturing Organization (CDMO).
Building 606 and Glass Warehouse
One of the largest adaptive reuse projects in the city will see the former Westinghouse Corporation factory site turned into a creative and collaborative work space.
Currently called Building 606 and Glass Warehouse, this 350,000-square-foot project will be flooded with natural light and effectively act as the heart of the new McMaster Innovation Park campus.
New parking garage
The influx of people to the area necessitates more than just surface parking. As such, a parking garage containing 550 spots will be constructed.
44 Frid St
After purchasing the former Hamilton Spectator HQ for $25.75 million, McMaster announced last March that it plans to turn the building into a life sciences innovation megahub, having already landed their first tenant.
Laurentis Energy Partners, a subsidiary of Ontario Power Generation, will be operating out of the building for at least two years as part of a research collaboration with MIP to advance nuclear energy innovations.
Expect lots of groundbreaking work to come out of this building over the coming decades.
ANNEX70
Neighbouring the former Hamilton Spectator building, 70 Frid St contains a collection of buildings and businesses that have been servicing Hamilton for the past several years such as Gravity Climbing Gym.
ANNEX70 also possesses 5 acres of vacant land for future development.
ANNEX150
Located at 150 Chatham St, ANNEX150 mostly consists of a single-storey 44,000 square foot flex building, along with a three-storey 35,000 square foot brick-and-beam building.
Similar to ANNEX70, 150 Chatham St is also witnessing a renaissance of knowledge economy people and businesses that are looking to participate in the exciting community growing from the WHID, including Mabel’s Labels.
Metrolinx acquired this 14.5 acre property in 2019 as the future site of the Hamilton LRT Operations, Maintenance, and Storage Facility (OMSF).
While the LRT’s future is uncertain, the City of Hamilton’s website states that “Metrolinx and the City are working collaboratively with McMaster University to ensure the facility fits well into their vision and master plan for the area.”
In summary, West Hamilton Innovation District is poised for huge redevelopment over the coming decades and will become one of Hamilton’s strongest sources for job growth. The number of diverse companies, innovation, and research that will be concentrated into this district is staggering.
We are very confident that this new district will become a national player for Canada and we couldn’t be happier that it’s happening right here in Hamilton, Ontario.
If you’re looking to keep your finger on the pulse of all Hamilton residential and commercial real estate projects and trends, subscribe to Forge & Foster’s free weekly newsletter here!
It’s lights, cameras and action – everywhere. While just a few months ago, it appeared COVID-19 was forcing a wrap for the film industry, there’s now so much demand for production space that studios are expanding, and new ones are being built in all corners of the Greater Toronto Area.
“What the pandemic did was force a pause in production, but we have not altered course on our expansion plans,” says Geoff Grant, general manager of Pinewood Toronto Studios, which is majority owned by Bell Media. Studio clients aren’t changing their plans either; “We’re bursting at the seams and turning away viable productions because of the lack of space available.”
Hamilton’s west harbour film studio will begin making movie magic in February — to start, inside one of the city’s oldest manufacturing sites.
Aeon Studio Group trumpeted plans back in June 2019 to build a 14-acre film and TV production hub paired with a “live-work” development atop city-owned lands that were originally bulldozed for a failed stadium plan.
The COVID pandemic slowed environmental studies on the properties bounded by Queen, Tiffany and Barton streets and the land remains in taxpayer hands. In fact, the city even bought another area parcel for $3.5 million at the height of the first pandemic lockdown in April.
But the film consortium announced Wednesday that the “first decisive step” toward the Hollywood North dream — now called Aeon Bayfront Studios — will open for business Feb. 1 across the street from its planned mixed-use development, in the current home of AVL Manufacturing at 243 Queen St. N.
The size of the planned sound stage and studio space will be “a first of its kind for Hamilton,” said Aeon partner Jeff Anders, pointing to the 80,000-square-foot building’s 50-foot-tall ceilings and dedicated paint shop. “We are planting a big flag to turn (international) industry attention to this city.”
The Queen Street North factory recently churned out modified shipping containers for use as mobile COVID medical triage units. AVL head Vince DiCristofaro told The Spectator he is relocating his Queen Street operations and 100 workers to another factory on Sherman Avenue.
“We’re staying in Hamilton and more employment is moving in here, so it’s a real win-win for the city,” said DiCristofaro, who plans to sell the property to Aeon and its local real estate partner, Forge and Foster. The 7.5-acre property has had a factory on it since Great Western Railway rerolled worn out rails there in 1861. Now, it will be making movies.
Hamilton hands out 800 filming permits a year — including to well-known productions like “The Umbrella Academy” — but has been criticized for a lack of stage and postproduction space. The city markets itself as the third-largest “film cluster” in Canada, estimating 9,000 people worked in the industry.
At full build-out, the film hub is supposed to add 1,000-plus new jobs. Aeon partner Mike Bruce said more than 100 people could work out of the first building at any one time. Aeon also plans to offer a film shoot location service for Hamilton.
The building still has to be retrofitted, but Ander said building tours for prospective tenants will begin soon.
Anders said work also continues on a purchase and development agreement with the city for the 14 acres of barren land across the road. No timeline or purchase price has been made public, so far.
Coun. Jason Farr expressed confidence Wednesday the new studio building shows the consortium is committed to following through on the larger west harbour development. “I think success breeds success,” he said Wednesday. “Hopefully this provides the financial impetus to grow and expand across the street.”
Hamilton originally bought 20 homes and businesses a decade ago in the Barton-Tiffany block for a planned West Harbour football stadium that ended up being built elsewhere. Over time, taxpayers have spent around $13 million on those and more recent land purchases in the area.
A survey of residential construction in downtown Hamilton published this month reveals a very healthy market for highrises 20 storeys and up in the sector.
Research by commercial real estate investment firm Forge and Foster determined there are six projects of that height currently under construction in and near the downtown and 10 more either approved, in permitting or in pre-construction.
Forge and Foster is not involved in the residential new-build market, Manojlovich explained, rather it specializes in value-added projects — identifying neglected low-rise buildings and securing the financing needed for rebuilds. It is one of the few commercial real estate investment firms based in Hamilton, so it keeps informed on trends in all sectors, he said.“Everyone has their opinion on density and heights, but it is encouraging to see, especially in the downtown core which has been an underutilized area for quite some time. It is fantastic to see the growth,” commented Alex Manojlovich, an associate involved in strategy and acquisition with the firm.
“We have really noticed a boom in the past five years,” he said of residences in the downtown, noting that Hamilton has benefited from Toronto’s status as one of the fastest-growing cities in North America.
“The underlying theme is that Hamilton is a mid-sized city, you still get that city vibe and the lifestyle that you get by living in downtown,” he said, comparing Toronto to Hamilton. “People are recognizing now you can achieve somewhat of that lifestyle in Hamilton for virtually double the space and half the rent. That is why you are seeing the allure of Hamilton.”
Of course, the pandemic has changed a lot.
Manojlovich noted that with uncertainty over the future of the office and retail sectors, and immigration to the GTA down, and other factors, the demand for high-density residences in downtown Toronto is trending to cool down. But he is not seeing that in Hamilton, he said, and he has not heard that any developers of the upcoming crop of downtown highrise projects are backing away.
“You are seeing the opposite happening here,” he said of the Toronto trend. “You are seeing the migration from Toronto looking at the 905 region, and you are actually seeing in Hamilton slight bumps in rental values. So that shows where people are coming in from. That shows how stable our market is in Hamilton.”
Below are residential projects 20 storeys and up either underway or in the planning stages for downtown Hamilton as reported by Forge and Foster early in November:
UNDER CONSTRUCTION
Platinum Condominiums, 15 Queen St. S., 282 units, 24 storeys, Coletara Development, completion expected 2021, under construction
354 King St. W., 25 storeys and 12 storeys, Vrancor Group, completion expected 2023, under construction
154 Main St E, 267 units, 25 storeys, Vrancor Group, completion expected 2021, under construction
Cobalt, King St. E., King William Street and Hughson Street, two 30-storey towers, 525 units, LIUNA, under construction
McMaster Graduate Residence, 191 King St. W., 644 beds, 30 storeys, Knightstone Capital, completion expected 2023, under construction
Marquee Residence, 20 George St., 203 units, 32 storeys, Vrancor Group, near completion
PRE CONSTRUCTION/PERMITTING STAGE
Beasley Park Lofts, 134 Mary St., 366 units, 20 storeys, Stinson Developments, completion expected 2023, pre-construction
Television City, 163 Jackson St. W., 642 units, two 32-storey towers, Lamb Development, approved
Hamilton City Centre, 77 James St. N., 2,068 units, three 30-storey towers and one 24-storey tower, IN8 Developments, under review
71 Rebecca, 437 units, 30 storeys, Sonoma Development Group, under review
235 Main St. W., 331 units, 23 storeys, Belmont Equity, under review
41-61 Wilson St. E., 962 units, three 29-storey towers, Parcel Developments, under review
The Connolly, 98 James St. S., 315 units, 30 storeys, Hue Developments and LCH Developments, under review
Corktown Plaza Tower, 225 John St. S., 769 units, two towers of 27 and 14 storeys, Slate Asset Management, under review
Metro Condominiums, 307 John St. S., 773 units, three towers of 22, 24 and 25 storeys, Spallacci and Sons, under review
If you’ve noticed an uptick of cranes in the downtown core, you’re not alone.
In recent years, Hamilton has attracted the talents of many developers – both local and international – who will be adding some much-needed density to Downtown and the surrounding area.
Below is a list of noteworthy projects coming to Hamilton’s lower city as of October 2020. Towers outside of the lower city have been excluded from this list.
Location: 212 King William St, Hamilton Size: 266 units Height: 14 storeys Developer: Rosehaven Homes Completion: 2023 Current status: Under construction More info
Platinum Condominiums
Location: 15 Queen Street S, Hamilton Size: 282 units Height: 24 storeys Developer: Coletara Development Completion: 2021 Current status: Under construction More info
Location: 134 Mary Street, Hamilton Size: 366 units Height: 20 storeys Developer: Stinson Developments Completion: 2023 Current status: Pre-construction More info
Location: 354 King St W, Hamilton Height: 25 storeys & 12 storeys Developer: Vrancor Group Completion: 2023 Current status: Under construction More info
Location: 154 Main Street E, Hamilton Size: 267 units Height: 25 storeys Developer: Vrancor Group Completion: 2021 Current status: Under construction More info
Location: King St E & Catharine St Size: 40 units Height: 6 Storeys Developer: Scholar Properties Ltd. and The Effort Group Completion: 2021 Current status: Under construction More info
Location: The block fronting King St E, King William St & Hughson St Height: Two 30-storey towers Size: 525 units Developer: LiUNA Current status: Under construction More info
McMaster Graduate Residence
Location: 191 King Street W, Hamilton Size: 644 beds Height: 30 storeys Developer: Knightstone Capital Completion: 2023 Current status: Under construction More info
Location: 163 Jackson Street W, Hamilton Size: 642 units Height: Two 32-storey towers Developer: Lamb Development Corp. Current status: Approved More info
Location: 282 MacNab Street N, Hamilton Size: 89 units Height: 10 storeys Developer: St. Jean Properties Inc. and Durand Development Corporation Current status: Approved More info
Hamilton City Centre
Location: 77 James St N, Hamilton Size: 2,068 units Height: Three 30-storey towers and one 24-storey tower Developer: IN8 Developments Current status: Under review More info
Location: 41-61 Wilson St E, Hamilton Size: 962 units Height: Three 29-storey towers Developer: Parcel Developments Current status: Under review More info
Location: 98 James St S, Hamilton Size: 315 units Height: 30 storeys Developer: Hue Developments and LCH Developments Current status: Under review More info
Location: 225 John St S, Hamilton Size: 769 units Height: Two towers of 27 & 14 storeys Developer: Slate Asset Management Current status: Under review More info
Location: 307 John St S, Hamilton Size: 773 units Height: Three towers of 22, 24 & 25 storeys Developer: Spallacci & Sons Ltd. Current status: Under review More info
Location: 17 Ewen Road, Hamilton Height: 10 storeys Developer: Coletara Development Current status: Under review More info
McMaster Undergraduate Student Residence
Location: Main Street West & Traymore Avenue, Hamilton Height: 15 storeys Developer: Knightstone Capital Completion: 2024 Current status: Under construction More info
Location: 1107 Main Street W, Hamilton Size: 310 units Height: 15 storeys Developer: IN8 Developments Current status: Under review More info
Columbia International College Student Residence
Location: 925 Main Street W, Hamilton Size: 456 units / 910 beds Height: Two 15-storey towers Developer: Plaza Imports Limited Current status: Under review More info
Location: 16 Cannon St E, Hamilton Size: 134 units Height: 16 storeys Developer: Birch Tree Developments (16 Cannon) GP Inc. Current status: Under review More info
Location: 18-30 King St E, Hamilton Height: Five buildings, each of 5 storeys Developer: Wilson Blanchard Management Current status: Under review More info
Royal Oak Dairy
Location: 225 and 247 East Ave N Hamilton Size: 95 units Height: Six storeys Developer: Indwell Current status: Preconstruction More info
James & Strachan
Location: 225 and 247 East Ave N, Hamilton Size: 113 units Height: Six storeys Developer: Indwell Current status: Preconstruction More info
The Brockton
Location: 117 Forest Ave & 175 Catharine St S, Hamilton Size: 78 units & seven 3-storey townhouse units Height: 10 storeys Developer: The Effort Group Current status: Under review More info
Barton & Wellington
Location: Barton St E & Wellington St N, Hamilton Size: 79 units Height: 7 storeys Developer: 467052 Ontario Limited, c/o Steven Joyce Current status: Under review More info
77 Leland
Location: 77 Leland St, Hamilton Size: 124 units Height: 5 storeys Developer: Prica Global Enterprises Inc. Current status: Near completion Completion: 2021 More info
Marquee Residence
Location: 20 George St, Hamilton Size: 203 units Height: 32 storeys Developer: Vrancor Group Current status: Near Completion More info
Location: 467 Charlton Avenue E, Hamilton Size: 153 units Height: Three towers of 6, 6 & 5 storeys Developer: Van Kleef Group Current status: Near completion More info
Waterfront Shores
Location: Pier 8, Hamilton Size: 1,292 units w/ 95,981 sqft of commercial and institutional Height: 19 buildings varying in height between 4 to 8 storeys Developer: Waterfront Shores (Cityzen Development, Fernbrook Homes, GFL Environmental) Current status: Under construction More info
On the Radar
220 – 222 Main St W
Tivoli Theatre
Beverly Hills Apartment Addition
The Oxford
If you’re looking to keep your finger on the pulse of all Hamilton residential and commercial real estate projects and trends, subscribe to Forge & Foster’s free weekly newsletter here!
Read the full article on the Urbanicity website here.
Like any other urban centre, much of Hamilton’s geography is a sea of blasé building facades, unremarkable cement exteriors, and bare brick walls.
Some locals may see them as little more than the utilitarian structures they are. But for Hamilton’s multitude of muralists and visual artists, they become colossal canvases with limitless creative possibilities.
Today, Hamilton has become a hotspot for countless public murals – from stunning painted landscapes to eye-popping abstract or conceptual renderings – created by a vast variety of local independent artists and art collectives.
You may have even been lucky enough to stumble upon one of the city’s visual artists at work, balanced on scaffolding and using their tools of the trade to turn drab buildings into one-of-a-kind visual gems with their own unique stories to tell.
One such prolific practitioner is Lester Coloma, a local award-winning mural artist & illustrator and graduate of the Ontario College of Art & Design (OCAD) who’s left his mark on multiple parts of the city. Born and raised right here in the Hammer, Coloma has been an active visual artist since he first picked up a brush and created his first murals in 1996; but his first creative impulses came much earlier.
“Communicating visually was always a strong interest since my early childhood,” says Coloma, adding that his father was one of his first influences in teaching him the fundamentals of composition, proportion, and perspective.
Even if you don’t know Coloma’s name, there’s a good chance you know his eye-catching work. Locals who eat at King William Street’s ever-popular taco restaurant The Mule are readily greeted by some of Coloma’s visual flair with a striking, atmospheric mixed media art piece on the wall featuring painted renderings of man and woman with vibrant sugar skull heads surrounded by blazing halos of light.
Coloma is also one of the creators behind Raise, a gorgeous visual representation of Hamilton’s reputation as an ambitious city built on scrappy hard work. Designed by Coloma’s brother Norman and realized by both artists on the three-storey building at 1 West Avenue South, the towering mural depicts workers hoisting rope to the heavens against a stark white backdrop.
But most recently, Coloma was commissioned by Hamilton’s Forge & Foster to create murals at 400 Wellington Street North and 150 Chatham Street. The former, a Nikola Tesla themed work, was inspired by Tesla’s innovations in electricity supply and Hamilton’s reputation as the first Canadian city to be powered by an electrical grid.
With Coloma’s ambitious concept to “represent Tesla in a Prometheus-like manner,” the mural features grey diagonal shapes wrapping around the building to represent the wires that originally carried electricity to Hamilton from the Decew Falls Generation Station in St. Catharines.
In contrast, Coloma’s mural at 150 Chatham pays homage to local innovation and discovery via the beauty of the city’s more natural elements, capturing the aesthetics of the Bruce Trail and the Chedoke area’s famous waterfalls while depicting images of a forest worker, lab technician, and craft brewer.
“The added illusion of depth with painted cast shadows gives the plant imagery a lived-in look, harmoniously unifying nature with technology,” explains Coloma.
Of similarly prolific note in Hamilton’s robust street art scene is Richard Mace, the artist behind Street Art Hamilton whose work features prominently at numerous notable locales including the Mexican-inspired murals adorning the walls inside Mezcal Tacos & Tequila and the gangster-themed graffiti within the soon-to-be-open Dukes Pub Pasta & Pizzeria on Barton Street.
Though much of Mace’s art is unmistakable for its vivid and busy bursts of colour, one of his most striking recent works is the minimalist mural art on the exterior of 140 Caroline Street South, now home to the brand new Chantilly Lace Bridal Boutique; and it also happens to be one of Mace’s personal favourites.
“I wanted to create something for the neighbourhood that would lift spirits and inspire optimism,” he explains. “The return of more birds of prey to the Hamilton area in the last 10 years is a remarkable story, and I view their re-emerging as representative of Hamilton’s rebirth and reinvention.”
A stark white background sits under massive monochromatic birds with wings spread in flight, accompanied by typewriter-style typography capturing messages such as ‘I told you that we could fly. We all have wings.’
This artwork has struck a chord with countless Hamiltonians, including building tenant Chantilly Lace’s owner, Chantel Powley, who commissioned a replica of the outside mural to be painted by Mace on the interior walls of her brand new bridal boutique.
But Coloma and Mace are just two of many examples for Hamilton’s bursting visual art scene. Hamilton public artists, from individuals like Coloma and Mace to collaborative cohorts such as Clear Eyes Collective and Vermillion Sands, aren’t just responsible for brightening up the city’s neighbourhoods; they also help to cultivate local pride and unity.
“Public art and murals can help develop a sense of pride and ownership which, in turn, builds strong communities,” says Coloma. “Many people approach me as I work to convey their feelings of pride and happiness towards the mural. They also relate their personal stories of their first-hand experiences pertaining to their neighbourhood.”
In many ways, the continued rise of street art and mural work in Hamilton feels like a perfect cultural match for the city’s own scrappy, gritty identity.
It brings bursts of colour, local history, and evocative imagery to otherwise blasé and utilitarian storefronts, alleyways, tunnels, residences, restaurants, breweries, and businesses. It chips away at visual art’s most pretentious preconceptions, giving the joy and soulfulness of art to the people of Hamilton in ways that are truly public and fully accessible to anyone.
Hamilton’s public art is loaded with distinct personality. Just like the city itself.
Lead Photo by Robyn Gillam
If you’re looking to keep your finger on the pulse of all Hamilton residential and commercial real estate projects and trends, subscribe to Forge & Foster’s free weekly newsletter here!
Read the full article on the Urbanicity website here.
The below article was originally written in Urbanicity, a Hamilton-based news outlet, by Robert Cekan as part of a series of sponsored articles focused on the future of Hamilton and the ambitious city builders continuing its urban resurgence.
The Toronto condo boom that started in the 90’s has made its way to Hamilton.
For the past three years, Hamilton has seen an explosion in its demand for condominiums, both new and old.
According to data from the REALTORS® Association of Hamilton-Burlington (RAHB), since September 2017 the average price of apartment-style properties have increased from $290,575 to $377,004. That increase is equal to 22.9%, which is significant for a Hamilton real estate class that has seen very modest growth for the past two decades.
While this data is a strong indicator of the overall trend toward apartment-style living, what it fails to account for are the sales figures of pre-construction condominiums yet to be completed. This is because the data from RAHB almost exclusively deals with resale properties.
In the Hamilton region, there are at minimum 19 apartment-style condominium projects actively being constructed or selling. There are at least 7 more similar projects currently in registration.
From a city whose skyline has remained unchanged since the 1970s, the 2020s will be the decade Hamilton finally grows tall.
Much of the initial demand for increased housing in Hamilton began in the mid-2010s from Toronto-based families who were priced out of their local market.
As immigration fueled and continues to fuel steady demand for the Toronto metropolitan area, the fastest growing metropolitan area and city in North America, a spillover into surrounding communities forced many residents to travel down the QEW for a price and location better suited to their lifestyle.
The COVID-19 pandemic’s rise in work-from-home offices has opened up many new housing options for those that have GTA-based jobs who no longer feel the need to live close to their workplace. GTA homeowners are using the opportunity to cash out and relocate to nearby cities where their dollar goes farther.
For renters paying over $2,000 per month in rent for a one-bedroom apartment, Hamilton’s average price of $1,500 for the same one-bedroom is mighty attractive when commuting to work is a non-factor.
When looking at Golden Horseshoe cities that offer a lifestyle that’s similar to Toronto, the City of Hamilton truly stands out. It offers historical charm, a vibrant restaurant scene, nightlife, rec centres — all amenities Torontonians are used to and would expect, just on a smaller scale.
Hamilton is also home to the Niagara Escarpment, which has created a network of trails, waterfalls, and outdoor amenities — features many residents of the GTA find persuasive after living amongst busy streets of concrete and glass.
But as is the case of all growing cities, there comes a time when demand exceeds supply and the notion of everyone owning a detached home is no longer feasible. Limited land and the need to be in close proximity to amenities necessitates high-density towers. There’s no way around it — condominium towers are the best answer in accommodating the swaths of incoming residents to Hamilton.
When asked why condo living has become so popular, Rudi Spallacci Jr., Project Manager of Spallacci Group and developer behind the Residences of the Royal Connaught, said that he believes people are looking at ways they can simplify their lives.
“I believe some people like the convenience of not having to maintain and clean their own yards, I believe some people enjoy having amenities at their doorsteps (gyms, theatre room, party room, outdoor skydeck) without having to drive to those amenities if they live in a home,” said Spallacci. “Not having to drive long distances to run errands or do the things you enjoy simplifies a person’s life.”
On a price per square foot basis – the most commonly used metric of an apartment’s value – the argument is even more compelling.
As of September 1st 2020, there are exactly 247 condominiums in Toronto with an average price per square foot of $1,000 or higher with average prices maxing out at $1,876 per square foot.
Now compare that to Hamilton where the most expensive condominium – 101 Locke Condos – sell on average at just over $800 per square foot, according to recent RAHB stats. This building in particular began its occupancy mid-2019, making it a healthy benchmark for luxury apartments in Hamilton.
The GTA area as a whole averaged $1,108 per square foot in 2019, for comparison. That may indicate that Hamilton is severely underpriced relative to it’s 416-area code counterparts.
Further west at the corner of King & Queen Streets is the site of Coletara’s new 24-storey Platinum Condominiums with Vrancor’s new hotel and residential complex located at the opposite corner. South of this site is Brad J. Lamb’s upcoming Television City condos on the site of the former CHCH headquarters, originally planned to be a 40-storey and 30-storey tower, now revised to be two twin 32-storey towers.
Over the course of the next decade, a community at Pier 8 will slowly take the shape of the winning development Waterfront Shores, which will completely overhaul the city’s waterfront premiere waterfront destination to an area filled with residential, commercial, and recreation all in one. The plans call for 1,292 condo units including 65 affordable housing units spread across 20 buildings. The harbourside community will have themed street-level retail while ensuring that each building is architecturally diverse.
Toronto has set a high watermark for how expensive condos can rise, and as more people discover the amazing quality of life Hamilton has to offer, it won’t be long until we too pass that $1,000 per square foot benchmark.
If you’re looking to keep your finger on the pulse of all Hamilton residential and commercial real estate projects and trends, subscribe to Forge & Foster’s free weekly newsletter here!
What is Urbanicity?
We are Hamilton’s community hub, publishing news you can use and curating Hamilton’s best local activities. Use Urbanicity to discover everything the city has to offer and make Hamilton truly feel like home
The below article was originally written in Urbanicity, a Hamilton-based news outlet, by Michael Kras as part of a series of sponsored articles focused on the future of Hamilton and the ambitious city builders continuing its urban resurgence.
There’s a vehicle that is currently revolutionizing local travel, both in Hamilton and worldwide.
It’s smaller than a Smart Car. The maintenance is minimal. It won’t soak you for $50 of gas money every week. Riding it isn’t just good for the environment; it’s good for you.
Oh, and it’s also over 200 years old.
There’s no denying it: bicycles are back and better than ever, and their popularity in urban centres like Hamilton is only growing stronger.
Part of this new surge of cyclists can be attributed to the current unprecedented realities of the COVID-19 era. As car-less commuters seek safer ways of getting around during the pandemic, bicycles have stood out as a compact, eco-friendly, reliable, and affordable mode of transportation that not only cuts down on carbon emissions, but also provides the safety and flexibility needed to navigate a city in the modern era.
Nowadays, Hamiltonians can’t get enough of these timeless two-wheeled transporters, and there’s no stronger evidence for that than the citywide backlash that emerged as SoBi, the city’s popular bikeshare program, suddenly faced possible extinction after its parent company, Uber Inc., announced that it would be halting operations and maintenance of the program by June of this year.
With SoBi’s clock suddenly ticking loudly, a swift community uprising – which included action from city staff, local advocacy group Cycle Hamilton, and a growing list of over 26,000 local bike share users – ended up raising enough money through fundraising to revive SoBi and support it for at least the next year under the operative hand of not-for-profit group Hamilton Bike Share.
Now, with SoBi bicycles back on the streets and ridership on the upswing, Hamilton is doing more to support a bike-forward vision for the city’s transportation infrastructure.
As the COVID-19 era sees more and more people prone to pedalling their way around, the city is investing just under $50,000 into improving its existing bike lanes with the addition of measures such as bumpers, curbs, and barriers that will keep cyclists safely separated from vehicular traffic.
The construction of the upcoming Jay Keddy Trail along the Claremont Access – a new multi-use trail that will connect cyclists and pedestrians through a continuous route between the escarpment and lower city – is a prime example of City initiatives being put to work.
Pegged at $6 million, construction for the project began July 6th and will open by November, both unifying our city’s geographical elevations and providing some much needed safety barriers for cyclists and pedestrians alike. In fact, the trail pays tribute to Jay Keddy, a cyclist who was killed by a motor vehicle while riding up the Claremont access in 2015.
There’s even the possibility of an extensive, bidirectional bike lane getting temporarily added on a stretch of King Street West between Locke Street and Highway 403; and if bicycles become even more popular in the near future, it’s not unlikely we’ll see Hamilton become increasingly bike-friendly as time goes on.
For prominent Hamilton cycling advocates like Jay Krause, who co-chairs local group Cycle Hamilton, the reasons for a rise in biking are clear; especially relative to this particular moment in time.
“It has been clear that COVID-19 has been a massive driver for increased numbers in walking and biking trips,” says Krause. “Early on, the City reported massive drops of 60 to 90% in public transit and driving & parking numbers, while cycling trips were stable.”
However, according to Krause, the health implications of cycling go beyond simply avoiding potential exposure to COVID-19 on other modes of local transportation; they’re also a key part of the new ways countless urban residents are adjusting to life and self-care in the middle of a pandemic.
“I live in a small apartment in downtown Hamilton with no outdoor space and work from home full-time. Being able to get out on my bike has been an essential part of my new routines to maintain my physical, mental, and emotional well-being,” he explains.
Those health implications are even larger than some may immediately realize. In fact, a report published this year by Toronto Public Health explains that around $1.6 billion of Canada’s annual health care costs are directly related to health issues stemming from physical inactivity.
With cycling shown to reduce the risk of potentially fatal conditions such as cancer, stroke, diabetes, and cardiovascular disease, as well as improve general physical health & wellness, the impact of a rise in biking could potentially save Canada’s healthcare as much as $150 million annually.
Thankfully, then, Hamilton isn’t the only Canadian locale expecting a bike-forward future. Neighbouring municipalities like Toronto, Kitchener-Waterloo, London, and Newmarket are also investing in developing transportation infrastructure that better accommodates cyclist and pedestrian traffic, building bike lanes and centering bicycles as an unprecedented transit priority.
This trend isn’t just region-wide or nationwide, either: the cycling revolution is becoming a worldwide phenomenon, with cities across Canada, the United States, United Kingdom, Australia, Germany, Hungary, and beyond reporting significant spikes in cyclists for 2020 and responding by pouring resources into building cycling infrastructure.
As the world adjusts its approach to transportation, places like Hamilton can keep the wheels turning by investing further in bike lanes safely separated from vehicular traffic, ensuring the city’s bike network is properly maintained and usable during the harsher winter months, and even incentivizing biking through measures such as reducing insurance premiums for cyclists or tax deductions for related purchases.
Hamilton has lots of work to do before any of this is made a reality, but local cycling advocates like Krause believe the impact could be substantial.
“Our top priority remains developing a protected and connected cycling network,” he says. “In the short term, there is a massive opportunity for the City of Hamilton to follow the lead of cities such as Toronto, Brampton, Montreal, and now countless others, which have undertaken meaningful initiatives to rebalance streets and find opportunities to develop new infrastructure to meet the immediate need and will continue to pay dividends in the long-term.”
What is Urbanicity?
We are Hamilton’s community hub, publishing news you can use and curating Hamilton’s best local activities. Use Urbanicity to discover everything the city has to offer and make Hamilton truly feel like home.
The below article was originally written in Urbanicity, a Hamilton-based news outlet, by Michael Kras as part of a series of sponsored articles focused on the future of Hamilton and the ambitious city builders continuing its urban resurgence.
Crimson Peak. The Shape of Water. IT: Chapter Two. The Handmaid’s Tale. The Umbrella Academy. American Gods. The Good Witch. The Boys. Murdoch Mysteries. The list of film and television content shot right here in Hamilton keeps growing at a thrillingly rapid rate.
Our buildings have been visited by superheroes, malevolent ghosts, historical figures, and Chris freaking Evans. Our streets and neighbourhoods themselves have played parts from major metropolises to small, folksy townships. Academy Award-winning director Guillermo del Toro has repeatedly sung our city’s praises. The movies and television series shot in Hamilton have won Oscars and Emmys, and penetrated pop culture on an international level.
Hamilton is now one of the country’s hottest hubs for the film & television industry.
The overwhelming commitment to cementing our city’s film & TV scene speaks for itself. As a city with plenty of diverse shooting locations and a whole lot of character, the Hammer has long been a spillover spot for film productions coming from the oversaturated film scene in Toronto, quickly turning Hamilton into a major industry hub in its own right. The influx has now made the city the second largest in Ontario and third largest in Canada.
In fact, Hamilton is home to 9,140 talented people who work in the film industry as well as home to 902 film-related businesses. In 2019, Hamilton received $60 million in ‘direct spend’ from productions on things like hotel stays, prop and equipment rentals, and services such as traffic control.
With a glut of heritage buildings, sprawling urban exteriors, and greenery spaces, Hamilton’s appeal for location scouts makes plenty of sense. Recognizable local landmarks regularly show up on large and small screens, like City Hall’s front-and-centre appearance in the Oscar-winning film The Shape of Water, Dundurn Castle’s key role in the gothic horror period piece Crimson Peak, and multiple downtown core locations featured in the Amazon Prime superhero series The Boys.
Hamilton isn’t just a prime spot for on-location film shoots, though. Not only are we also home to some small film studios and production companies, but we’ve recently been singled out by Aeon Studio Group for an over $100 million project to develop a 200,000 square-foot film studio and residential complex sitting on between 12 and 20 acres of the Barton-Tiffany lands.
Upon its eventual completion, the gigantically ambitious Aeon Studios is proposed to not only house multiple soundstages and studio spaces, but also post-production facilities for visual effects and animation, a crew training facility, retail space, residential towers, creative incubation workspaces, and office space for film, media, and tech companies.
Though the finished product is likely a long time coming due to the enormity of its scope, the Aeon Studios project promises resounding impact on our city’s cultural footprint and job market upon its completion.
Until then, the city still has smaller-scale hubs already making major waves in the city, including the Hamilton Film Studios — a newly-established film studio and production supply retailer with an already-sizeable footprint after only a year since they opened their doors.
“As soon as we got the keys, the door was being knocked on,” says Zach Zohr, who co-owns the Hamilton Film Studios with partners Graham Purdy and Ken Woychesko.
All three owners are industry veterans with extensive backgrounds in film & television production, and they noticed an immediate need to fill in Hamilton. Not only that of studio space and location support, but also a local retail shop so production teams shooting in Hamilton would no longer need to make obnoxious trips into Toronto for necessary supplies and equipment.
The daily foot traffic at Hamilton Film Studios speaks to how essential they are to the city’s growing film scene. From shoots in need of space, to location scouting, to emergency shopping trips for supplies, there are “at least a half-dozen” productions that come through the HFS’ doors daily, according to Zohr.
Those productions have been everything from commercial shoots, to music videos, to television series shot for prominent streaming platforms like Netflix and Amazon Prime. Hamilton Film Studios was also home to the production of the independent feature film White Lie, which performed to critical acclaim at the 2019 Toronto International Film Festival and is notable for not only being filmed in Hamilton, but also directly set in our city too.
Hamilton Film Studios isn’t the city’s only production resource, however. Barely a five-minute drive from the HFS building sits Digital Canaries, which resides along Burlington Street East and currently holds the title of Hamilton’s largest shooting space.
A film studio that offers flexible space for productions, Digital Canaries sets itself apart from the neighbouring Hamilton Film Studios by having over 50 impressive standing sets available ranging from office replicas, to prison corridors, to courtrooms, to hospital operating rooms, and beyond. On top of that, Digital Canaries also features green screen facilities, as well as an extensive prop and wardrobe house that carries well over 100,000 items of all sizes and types for production use.
Between the rich offerings of the two current spaces, Hamilton Film Studios and Digital Canaries have jointly made Hamilton an even more attractive locale for local, national, and international film & TV production; even ahead of the construction of Aeon Studios. Growth continues at a rapid rate, and according to the folks at Hamilton Film Studios, it shows no signs of slowing.
“We’re never going to be Toronto; that’s the mecca,” says Zohr, while noting that, as vacancies at Toronto’s film facilities are getting scarcer by the day, Hamilton’s status as Ontario’s second busiest centre for film production will likely continue to hold steady. “Filming permits are up every year. As long as people are watching movies, the industry is going to grow.”
Those filming permits are indeed on the rise. In 2019, the city saw 14% more filming days than it did in 2018, which itself was a record-breaking year that saw a 50% increase over the year before in film permits issued.
Hamilton now gets to play a leading role in that growth, simultaneously attracting huge investment and talent to the city on its way to becoming the new Hollywood.
What is Urbanicity?
We are Hamilton’s community hub, publishing news you can use and curating Hamilton’s best local activities. Use Urbanicity to discover everything the city has to offer and make Hamilton truly feel like home.
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