Is it 7 floors now or 6 as the title says?

I was thinking the same thing, but I think it's 6 and a mechanical room on the top floor which isn't counted as a floor which is why the stair and elevator shaft go beyond where the roof would be. I'm pretty sure the metal beams are the final height of the 6th and final living floor.

Well this is some unexpected and exciting news!

Construction resumes at Jamesville Lofts as Stoney Creek developer commits to finishing belly-up project
Marbelle Estates Inc. recently resumed work at the unfinished downtown condo, whose fate became uncertain last year after its previous owner went bankrupt
https://www.thespec.com/news/hamilto...-hamilton.html

A Stoney Creek company is breathing new life into a long-stalled downtown condo development that went belly up last year.

Marbelle Estates Inc. says it has recently resumed work on the so-called Jamesville Lofts, an unfinished condo project at 15 Cannon St. W. that became a question mark in January 2022 after its previous builder went bankrupt.

Construction resumes at Jamesville Lofts as Stoney Creek developer commits to finishing belly-up project

Marbelle Estates Inc. recently resumed work at the unfinished downtown condo, whose fate became uncertain last year after its previous owner went bankrupt.

Sebastian Bron Spectator Reporter Mon., Feb. 6, 2023

A Stoney Creek company is breathing new life into a long-stalled downtown condo development that went belly up last year.

Marbelle Estates Inc. says it has recently resumed work on the so-called Jamesville Lofts, an unfinished condo project at 15 Cannon St. W. that became a question mark in January 2022 after its previous builder went bankrupt.

The tenuous development being back in play comes about four months after Marbelle emerged as the winner of a months-long, court-ordered bidding war to take hold of the attractive parcel of land.

Marbelle spokesperson Kyle Palbot said Friday crews have already refitted and stabilized concrete in and around the building, as well as built an elevator shaft and stairs.

The local construction and environmental services company intends to follow through on the original owner’s vision of a sleek, six-storey building with 40 units, Palbot said. He added the only change in plans is to make a good portion of units affordable and accessible for those with disabilities.

Construction at the property just west of James Street North had all but halted after previous builder Areacor Inc. broke ground in August 2019.

Scuttled by repeated cost overruns and loan rejection, the Etobicoke-based company was placed in receivership early last year after owing about $9.9 million to more than two-dozen creditors.

Documents contained in an Oct. 3 approval and vesting order said Marbelle would assume all of Areacor’s assets and parts of its mortgage debt as part of the sale, the price of which was sealed under a court order.


A Stoney Creek company is breathing new life into a long-stalled downtown condo development that went belly up last year.

Marbelle Estates Inc. says it has recently resumed work on the so-called Jamesville Lofts, an unfinished condo project at 15 Cannon St. W. that became a question mark in January 2022 after its previous builder went bankrupt.

The tenuous development being back in play comes about four months after Marbelle emerged as the winner of a months-long, court-ordered bidding war to take hold of the attractive parcel of land.

Marbelle spokesperson Kyle Palbot said Friday crews have already refitted and stabilized concrete in and around the building, as well as built an elevator shaft and stairs.

The local construction and environmental services company intends to follow through on the original owner’s vision of a sleek, six-storey building with 40 units, Palbot said. He added the only change in plans is to make a good portion of units affordable and accessible for those with disabilities.

Construction at the property just west of James Street North had all but halted after previous builder Areacor Inc. broke ground in August 2019.

Scuttled by repeated cost overruns and loan rejection, the Etobicoke-based company was placed in receivership early last year after owing about $9.9 million to more than two-dozen creditors.

Documents contained in an Oct. 3 approval and vesting order said Marbelle would assume all of Areacor’s assets and parts of its mortgage debt as part of the sale, the price of which was sealed under a court order.

While Areacor entered into agreements of purchase and sale for 29 of the 40 residential units it planned to build, those were nulled as part of the new sale agreement with Marbelle. Previous investors are still in the midst of a “deposit refund protocol” with Aviva Insurance.

Bankruptcy records showed Areacor left the property as a skeleton structure with serious foundational concerns, an issue Marbelle continues to probe, Palbot said.

Palbot said the Stoney Creek-based company is awaiting a final batch of engineering reports to ensure the structural integrity of the building is sound. A finish date for construction hasn’t been set.

https://www.thespec.com/news/hamilto...-hamilton.html

Love this :cheers:

I'm really curious how they'll be able to do this. My understanding was that buildings had to be a minimum of 30+ floors to allow affordable units?

what? Is this supposed to be a sarcastic remark in relation to the height limit or something?

In this case, CMHC has funding mechanisms for privately developed affordable housing. Indwell takes advantage of these, for example.

There is potential that the developer here saw it as more profitable to use the CHMC grants and make this affordable housing than it was to put the units to market.

Seems like a very risky purchase according to the article. They bought it before the engineering reports were finalized? What if they find out there is something seriously wrong with the structure?

Then they will be proud owners of perfectly good street art!

This seems to have stopped work again. They installed scaffolding and the stair/elevator shaft forms then stopped working again over the last couple of weeks. I wonder if this project is just doomed to never get done.

You mean like our church up the street? Or the tivoli DOWN the street? lol

At least those never even really got started... Lol

Took a peek as I drove by tonight and there are what appear to be concrete panels lined up on the west side of the site. But I have no idea how long they've been there.

Is there still a crane on site? I didn't think to look. Maybe they're waiting for one.

I took this walking up from West Harbour on Monday, it's a shame this is stagnant.
https://live.staticflickr.com/65535/...22d48186_b.jpgMay 1st in Hamilton by Draulerin Photographics, on Flickr

They had a survey crew out there a few months ago, I assume the results were not good for no new progress being made and no one onsite since then.

The weird thing is that they did progress. They put up the forms for the last floor of the concrete shaft... Very weird.

Dear god that building on the corner.. I have no idea what its function is, or ever was.. it's just so weird.. every time I look at it I feel sad..

Pretty sure it is and has always been storage for the Asian market beside it (which itself looks abandoned but is actually in operation). They've really neglected both of those amazing buildings over the decades, its a shame. The one on the corner definitely looks like it has some developing structural issues as well.

Wouldn't flinch at having it torn down - I just feel it's too far gone at this point.