Posted Mar 17, 2022, 1:20 PM
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Registered User
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Join Date: Jan 2010
Location: Hamilton
Posts: 12,731
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I'm not sure I would say the pace of proposals has slowed. Most DRP meetings have a good number of projects on them.
2019 and 2020 had a huge number of units proposed in the downtown, enough to supply years of Hamilton's growth, so it was never sustainable to have a new 2-tower, 700 unit proposal every month.
Downtown Hamilton has an insane amount of proposed developments right now, far more than it has ever had, I'm more concerned about making sure they change from proposed to actually under construction. That seems to be happening more this year than any other year before too, so I remain hopeful.
There are still a bunch of low margin operators in the downtown trying to squeeze by like what historically happened in the core, this project included, as well as other projects like The Connoley, Moderne, Stinson, etc... but also a lot of well heeled, big players who are more likely to actually build and have real financing behind them like Slate, Emblem, Bentall Kennedy, Lamb, Kaneff, Rosehaven, etc. These are all medium-large builders in the GTA who have a long history of successfully building and should have no problem getting their projects done.
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