Emblem Developments proposes 31-storey tower on John St. N.

The past week witnessed good transaction levels across most markets. However, Kitchener-Waterloo was an exception, with a very rare no-show in terms of transactions. For the second week in a row, most transactions were of average size.

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.

Take care,
Alex Manojlovich
Director, Strategy & Research
News Headlines

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

Brantford industrial land

Panattoni buys 423 acres of Brantford industrial land for $290M

In a purchase that single-handedly surpasses many quarters of investment activity in the Hamilton region, Panattoni Development Co. Canada has acquired a 423-acre tract of Brantford industrial development land for $290 million.

The land is bisected by Oak Park Road and bordered on the north by Powerline Road and on the south by Highway 403. The vendor was James Dick Ltd., which acquired the land out of bankruptcy several years ago and shepherded it through the zoning process. READ MORE >>

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