Quote:
Originally Posted by ScreamingViking
The city needs buildings of this scale on many corners! I think there's a lot of opportunity for them without terrifying the existing residents (especially if they're 6 to 12 floor structures) and they'll definitely drive up demand for retail, food, commercial services... and bring in more property tax revenue.
My hope is that Hamilton gets to a point where growth becomes more self-sustaining. People wanting to live in an area because it has amenities, and the presence of the amenities making it more attractive to develop a property and sell or rent units, which begets more amenities because the demand grows...
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Id argue we're already there in certain spots. It's just a slow self-sustaining growth. You also have to keep in mind that other than Marquee and the Royal Connaught there haven't been any new residential builds in the core other than William Thomas which is mostly students, and I'd argue Marquee is also likely majority students. Once Platinum, KiWi, Cobalt, 1 Jarvis all get to occupancy I suspect we will see a significant speed up of this growth, especially with LRT construction on the horizon. I feel like Hamilton is at the top of a big hill, a mountain one could say, and now once two - four buildings fill occupancy, and next summer rolls around with more businesses opening, we'll start to see a lot of movement, especially if we see early LRT works start next spring. I'm betting the flood gates will open next spring on proposals (we may even get another one out east after Steel City Video redevelopment finishes (speaking of, has anyone been out there to take a photo of that development).