Downtown site for massive re-development proposal
Work on a $100 million project that would change the skyline of downtown Hamilton is expected to start as early as June.
The project, conceived by developer Darko Vranich, will bring 628 condo units, two extended stay hotels and 20,000 square feet of retail space to the core.
“Darko is putting his money where his mouth is for this project,” said downtown councillor Jason Farr. “This spring is what they are shooting for to get shovels in the ground.”
For the last decade Vranich has been quietly assembling land downtown and his Vrancor group now owns a large piece of the block bounded by Bay, Hess, King and Main streets. His plan calls for four buildings along George Street, starting with a 134-room extended stay hotel at the west end, adjacent to Hess Street.
The sites slated for development include the former Hamilton Motor Products dealership property at Main and Bay.
Start dates for the other towers, which could run as high as 20 storeys, haven’t been set yet.
“Everyone is excited about this project,” Farr said. “It is massive good news for the downtown.”
http://www.thespec.com/news/business...pment-proposal
Special to The Hamilton
http://www.thespec.com/news/business...pment-proposal
Special to The Hamilton
http://www.thespec.com/news/business...pment-proposal