Downtown Hamilton Could See Two New Towers on the Horizon
A conceptual render presented at the March 2023 Design Review Panel meeting showcases plans for two towers at 117 Jackson Street East.
This past week saw low transaction levels across all subject markets except for Brantford, which was absent.
Hamilton’s only transaction was the sale of 169 Jackson St. E. to Fengate Asset Management for $3 million ($13 million per acre). This purchase positions the property as a potential high-density development site, especially given that Fengate had already acquired the adjacent property at 48 Ferguson Ave. S. last December.
The largest transactions of the week occurred in Cambridge, where Suncor Energy sold 11.4 acres of industrial land for $8.5 million.
In the news, two towers have been proposed for downtown Hamilton, another two towers are proposed for Stoney Creek, and designs for a mid-rise at 392 Main St. W. have been revealed.
The GHA Sales Transaction Database offers you this week’s CRE transaction activity.
Director, Strategy & Research
Two towers proposed in downtown Hamilton at 117 Jackson St E
The Public Record, March 3, 2023
117 Jackson St. E. Design Brief
392 Main St W Design Brief
Design Review Panel, March 2023
Seasons retirement home seeks to build twin towers near Stoney Creek Lakeshore
The Hamilton Spectator, February 28, 2023
A look at Hamilton’s office market
The Hamilton Spectator, March 4, 2023
Hamilton company which produces cancer drugs will have 10 times the space
In The Hammer, March 3, 2023
Hamilton to explore pipeline tax hike
The Hamilton Spectator, February 27, 2023
Ongoing track work at West Harbour GO
In The Hammer, March 1, 2023
Ontario moves to ban NDAs in real estate transactions
The Globe & Mail, March 1, 2023
2023 Canadian Real Estate Outlook
CBRE Research, February 2022
BoC expected to hold interest rate this week
The Hamilton Spectator, March 3, 2023