Rendering.....
Developer eyes James North
By Eric McGuinness
The Hamilton Spectator
(Feb 17, 2007)
A Hamilton developer is proposing a $3.15-million, five-storey, retail-office building on James Street North at Vine Street that would be the first new commercial project in the area for many years.
The last were the Hamilton Eaton Centre -- now Hamilton City Centre -- on the southwest corner of James and York Boulevard and the Centrepoint strip mall on the northeast corner of James and Wilson streets. The Eaton Centre opened in October 1990.
City council voted Thursday to declare the J. Beume Real Estate Ltd. project eligible for the 10-year downtown enterprise zone realty tax incentive program. Nicole Beume said the company is seeking tenants for ground-floor retail space and four floors of offices in a modern structure designed to resemble a 19th-century bank that once stood on what is now a parking lot.
Downtown renewal director Ron Marini said he hopes "it's the start of a trend" on James North, which has recently seen an influx of galleries and other art-related businesses.
The new building would be almost opposite the old Tivoli Theatre, which a ballet company hopes to restore and expand.
Council is also expected to declare several other projects eligible for the tax incentive program, among them the redevelopment of eight apartments above the Denninger's store at 284 King St. E. and redevelopment of a 15-unit apartment building at 170-176 Jackson St. W.
Marini said in his annual report that about 850 housing units will be built or under construction under the enterprise zone program.
Of those, 111 applied for but didn't take city grants. Another 750 units are subject to pending applications. Among the pending projects is a long-delayed redevelopment of the Century Theatre site on Mary Street North and a proposal for condo apartments on upper floors of the former Royal Connaught Hotel, which he said the developers now plan to keep as hotel space.
Dave Kuruc, owner of Mixed Media on James Street North, said he welcomes development on the empty lot at Vine Street, but worries a five-storey structure with underground parking will be too big for the corner.