The largest transaction of the week took place in Paris, where approximately 26 acres traded for $19.7 million or $734,000/acre. The Highway 2 corridor continues to be a hot commodity, as evidenced by the recent purchases made by Orlando Corp. and Panattoni. Over the past 24 months, these two companies have purchased hundreds of acres in this area.
In Hamilton, the largest purchase of the week occurred near the Upper Red Hill area, where 7,300 sq. ft. of industrial space traded for $3.22 million.
In the news, the DRP has reviewed two proposals for downtown residential projects, Corktown Condos sales will begin next month, and Toronto still leads North America in crane count.
Alex Manojlovich
___
Design briefs for Hamilton DRP, April 2023
92-100 John St. N.
325 James St. N.
Condo sales in new Corktown highrise will open next month – developer
The Hamilton Spectator, April 24, 2023
Council backs Hamilton’s housing road map
The Hamilton Spectator, April 20, 2023
Council backs plan to repair 476 empty CityHousing units
The Hamilton Spectator, April 21, 2023
Questions raised about FirstOntario Centre renovation
The Hamilton Spectator, April 19, 2023
McMaster University’s new downtown residence ‘neither sustainable nor affordable’
The Hamilton Spectator, April 20, 2023
Toronto continues to lead North America in crane count
Remi Network, April 18, 2023
Canada’s record population growth signals opportunities for CRE
RENX, April 18, 203
