46-50 King Street East | ? | 5 fl | Complete

[TheRitsman]

Hopefully with some underground parking. If others are to be believed, office spaces downtown desperately need long term parking to acquire tenants.

[ScreamingViking]

Originally Posted by King&James

Five storeys, outrageous density and height . Would hate loved to see them take on the neighboring building and breathe even more life into the redevelopment.

Something larger would have been welcome but if this is built the way the render shows I think it will be a great addition (and different than most of the city's small office buildings).

Until the office vacancy rate drops substantially more we won't see bigger happen, it will be stuff of this scale or 123 James N that are easier to fully lease out. Hamilton's economic development department is "stretch targeting" 7% vacancy by 2020, but it's currently 12.7%; hitting 10% will be a long stretch at this point unless some large companies set up shop downtown or elsewhere in existing office space.

[davidcappi]

Effort Trust will be moving their offices here, and I’m pretty sure they plan on occupying the whole building so I’m not sure this will impact vacancy rates at all.

[Innsertnamehere]

If Hamilton sees revitalization continue, you'll probably eventually see some businesses set up. Not at first though - the businesses will follow, not lead. I imagine they'll be attracted by dirt cheap rents but still being able to be in an urban location. Want to attract millenials to your western 905 office? Check out Hamilton. Right now it's not quite desirable enough of a location still- but give it 10 years. With the LRT and all the residential development, I could see it happening.

[King&James]

Originally Posted by LikeHamilton

From the twitter account of Joey Coleman

New planning file for discussion. Effort Trust proposing demo and new building at 46-50 King East.

This is the old Canada Trust building south side of King at Hughson.

is this still the current render?

[bvbborussia]

Originally Posted by Innsertnamehere

If Hamilton sees revitalization continue, you'll probably eventually see some businesses set up. Not at first though - the businesses will follow, not lead. I imagine they'll be attracted by dirt cheap rents but still being able to be in an urban location. Want to attract millenials to your western 905 office? Check out Hamilton. Right now it's not quite desirable enough of a location still- but give it 10 years. With the LRT and all the residential development, I could see it happening.

I think you make a good point about attracting a millennial workforce. I suspect they might like the idea of an office in an actual downtown as compared to say a business park in Mississauga. Plus nearby housing is cheaper.

I can see that being a reason for smaller businesses in certain sectors to want to relocate here. I also tend to agree that we might be a few years off from fully realizing it.

[davidcappi]

Companies in suburban locations are picking Toronto if they want to move somewhere urban to attract younger workers. Just look at Tim Hortons, Microsoft (https://www.mississauga.com/news-story/8...leaving-mississauga-for-toronto-in-2020/), Shopify, even all of the bank offices are being consolidated into new towers down by Union which will free up tons of well located older office space in Toronto. Loblaws is even relocating from the far stretches of GTA suburbia into a new headquarters on the waterfront near Bathurst. I think the city is underestimating just how much companies are prepared to spend on rent. Large companies aren't going to consider uprooting potentially hundreds of employees just to save a few bucks on rent. They'll lose out on talent who doesn't want to leave Toronto.

Hamilton needs to get over the idea that we can somehow poach businesses out of the GTA and into our vacant downtown towers. I just don't see it happening. Other companies are perfectly happy with 427 access and tons of free parking, it really depends on the company (https://business.financialpost.com/real-...ce-downtown-for-the-first-time-in-a-year)

[Innsertnamehere]

Only Joe fresh is moving to Bathurst, loblaws is staying in Brampton.

Hamilton isn't going to attract the same businesses as toronto - it'll attract those looking for more affordable suburban rents that is still relatively accessible by talent.

[ZTrade]

Probably more start-ups/young businesses and medium sized businesses will take over Downtown office space once more residential development is complete in the core. Not mega corps like large banks and tech companies. I imagine smaller investment, lawyer and accounting/finance firms, 2nd smaller HQs from the GTA/Toronto etc.

[TheRitsman]

Originally Posted by davidcappi

Companies in suburban locations are picking Toronto if they want to move somewhere urban to attract younger workers. Just look at Tim Hortons, Microsoft (https://www.mississauga.com/news-story/8...leaving-mississauga-for-toronto-in-2020/), Shopify, even all of the bank offices are being consolidated into new towers down by Union which will free up tons of well located older office space in Toronto. Loblaws is even relocating from the far stretches of GTA suburbia into a new headquarters on the waterfront near Bathurst. I think the city is underestimating just how much companies are prepared to spend on rent. Large companies aren't going to consider uprooting potentially hundreds of employees just to save a few bucks on rent. They'll lose out on talent who doesn't want to leave Toronto.

Hamilton needs to get over the idea that we can somehow poach businesses out of the GTA and into our vacant downtown towers. I just don't see it happening. Other companies are perfectly happy with 427 access and tons of free parking, it really depends on the company (https://business.financialpost.com/real-...ce-downtown-for-the-first-time-in-a-year)

If Hamilton gets its shit together, I think it can absolutely poach some of the more creative companies out of the GTA. Downtown in 10 years will be so much livlier, and by 2041 downtown is supposed to have access to nearly half a million more people. Hamilton is supposed to grow by 243,000, Niagara region by 165,000, Burlington by 27,000 and Brantford by 29,000.

Not to mention that Halton overall will grow by nearly half a million on its own. Driving Hamilton is much nicer than Toronto. We need to get transit service upgraded into and out of Hamilton.

[davidcappi]

I used to think that too, but then I started working in Toronto because of the lack of jobs in Hamilton and I learned there’s almost zero chance of the creative/media industries ever becoming a large job base in Hamilton. I’ve said it before, but it’s more than just moving an office. Where are your vendors, suppliers and clients? Chances are if you’re in a creative field, it’s probably Toronto. That’s not to discredit the creative businesses in Hamilton, but let’s not pretend anyone is hiring in large numbers, paying salary for creative roles (not programmer or software related) including benefits. I saw that The Feed Social was hiring someone to start at 35k as a marketing coordinator or something which is so laughably below industry average wages it’s not even funny. I’m not even sure our jr studio artists at work start that low. Working in Hamilton isn’t enough of a privilege to accept getting such crappy compensation.

Nobody ever seems to believe me but the reality is that if you’re not prepared to hustle all the time trying to find freelance work (which is hard in Hamilton because everyone is relative cheap and you’ll get lowballed really often) you’re going to end up having to make career compromises.

Sometimes it’s nice to have a full time job that you go so 9-5 every day that will pay you what you’re worth without having to compromise on the kind of work or clients you get to work with. My job couldn’t possibly exist in its current form in Hamilton. When you don’t own a home already or have a partner picking up slack while you’re on the train, that commute becomes a drag. No indication GO service will improve in any meaningful amount of time. I guess until all of these predictions come true a lot of people are going to realize they need presto passes and alarm clocks because the train to Toronto is leaving soon.

[NortheastWind]

Originally Posted by davidcappi

I used to think that too, but then I started working in Toronto because of he lack of jobs in Hamilton and I learned there’s almost zero chance of the creative/media industries ever becoming a large job base in Hamilton. I’ve said it before, but it’s more than just moving an office. Where are your vendors, suppliers and clients? Chances are if you’re in a creative field, it’s probably Toronto. That’s not to discredit the creative businesses in Hamilton, but let’s not pretend anyone is hiring in large numbers, paying salary for creative roles (not programmer or software related) including benefits. I saw that The Feed Social was hiring someone to start at 35k as a marketing coordinator or something which is so laughably below industry average wages it’s not even funny. I’m not even sure our jr studio artists at work start that low. Working in Hamilton isn’t enough of a privilege to accept getting such crappy compensation.

Nobody ever seems to believe me but the reality is that if you’re not prepared to hustle all the time trying to find freelance work (which is hard in Hamilton because everyone is relative cheap and you’ll get lowballed really often) you’re going to end up having to make career compromises.

Sometimes it’s nice to have a full time job that you go so 9-5 every day that will pay you what you’re worth without having to compromise on the kind of work or clients you get to work with. My job couldn’t possibly exist in its current form in Hamilton. When you don’t own a home already or have a partner picking up slack while you’re on the train, that commute becomes a drag. No indication GO service will improve in any meaningful amount of time. I guess until all of these predictions come true a lot of people are going to realize they need presto passes and alarm clocks because the train to Toronto is leaving soon.

There's more than just "large companies" and the "creative/media industries" to attract to Hamilton. Smaller companies like smaller cities.

[bvbborussia]

Originally Posted by davidcappi

I used to think that too, but then I started working in Toronto because of he lack of jobs in Hamilton and I learned there’s almost zero chance of the creative/media industries ever becoming a large job base in Hamilton. I’ve said it before, but it’s more than just moving an office. Where are your vendors, suppliers and clients? Chances are if you’re in a creative field, it’s probably Toronto. That’s not to discredit the creative businesses in Hamilton, but let’s not pretend anyone is hiring in large numbers, paying salary for creative roles (not programmer or software related) including benefits. I saw that The Feed Social was hiring someone to start at 35k as a marketing coordinator or something which is so laughably below industry average wages it’s not even funny. I’m not even sure our jr studio artists at work start that low. Working in Hamilton isn’t enough of a privilege to accept getting such crappy compensation.

Nobody ever seems to believe me but the reality is that if you’re not prepared to hustle all the time trying to find freelance work (which is hard in Hamilton because everyone is relative cheap and you’ll get lowballed really often) you’re going to end up having to make career compromises.

Sometimes it’s nice to have a full time job that you go so 9-5 every day that will pay you what you’re worth without having to compromise on the kind of work or clients you get to work with. My job couldn’t possibly exist in its current form in Hamilton. When you don’t own a home already or have a partner picking up slack while you’re on the train, that commute becomes a drag. No indication GO service will improve in any meaningful amount of time. I guess until all of these predictions come true a lot of people are going to realize they need presto passes and alarm clocks because the train to Toronto is leaving soon.

Hamilton's never going to be Toronto as far the depth and breadth of career opportunities. I don't think anyone's suggesting that. The question is can we do a better job of attracting businesses to our core. I think there's an opportunity for improvement, but if the yard stick is Toronto then you're right don't bother.

[atnor]

I could care less if we can’t attract “creative/media industries.” I don’t afford much value to these jobs.

[davidcappi]

Yup you and a lot of others in the city. It’s a big reason I’ve decided to move.

[drpgq]

Creative/media is always going to be tough for Hamilton. Apart from Dofasco and the hospitals, Mac and Mohawk there's not a lot of demand for anything ad related.

I always kind of hoped that more software companies would start up in Hamilton and there are a few like Viziya, but overall not that many, given Mac and Mohawk. It is too bad, because there is a lot of talent living here and you could get a lot of really good people for a half way decent salary.

[Chronamut]

Originally Posted by King&James

Five storeys, outrageous density and height . Would have loved to see them take on the neighboring building and breathe even more life into the redevelopment.

Not a chance that anything even remotely considered historic is going to get demolished in the gore park core, esp. not that building, esp. not after the debacle with wanting to demolish the buildings just a block over that got destroyed. Old Bank buildings are architectural gold. Keep the facade and build on top of it? Maybe. In fact I think that is the new rule for anything in the core area now, where if you are going to redevelop you have to keep the existing facade and build on top - like they did with the william thomas building.

It's just sad that embassy took such crappy care of the interior, as it really is, or could be, nice inside. I heard another club is taking it over. I hope they give it the love and care it needs.

Personally for the corner building, anything is better than what is there right now, and considering what they demolished to build it, it was a crying shame they replaced it with a building like that. They could have gone a lot higher in height too for such prime real estate.

Also the current render was taking into account the existing design of what they were originally going to refurbish. Now that they can't use the existing footings I wouldn't be surprised at all if we see an entirely new design now that they will be demolishing and building a new 5 story building on the site. I hope it looks nice!

And yeah, hamilton should focus on its own type of industry to specialize in, not steal another citys - david, if your focus is on toronto, then yeah it's probably best you move there. Hamilton just seems to be a huge disappointment for you anyways considering you always compare it to toronto. If you do move to toronto though I hope you're not going to keep posting here just to dump on everything you think hamilton is doing wrong compared to toronto though. Focus on your own city then.

[TheRitsman]

Originally Posted by Chronamut

Not a chance that anything even remotely considered historic is going to get demolished in the gore park core, esp. not that building, esp. not after the debacle with wanting to demolish the buildings just a block over that got destroyed. Old Bank buildings are architectural gold. Keep the facade and build on top of it? Maybe. In fact I think that is the new rule for anything in the core area now, where if you are going to redevelop you have to keep the existing facade and build on top - like they did with the william thomas building.

It's just sad that embassy took such crappy care of the interior, as it really is, or could be, nice inside. I heard another club is taking it over. I hope they give it the love and care it needs.

Personally for the corner building, anything is better than what is there right now, and considering what they demolished to build it, it was a crying shame they replaced it with a building like that. They could have gone a lot higher in height too for such prime real estate.

Also the current render was taking into account the existing design of what they were originally going to refurbish. Now that they can't use the existing footings I wouldn't be surprised at all if we see an entirely new design now that they will be demolishing and building a new 5 story building on the site. I hope it looks nice!

And yeah, hamilton should focus on its own type of industry to specialize in, not steal another citys - david, if your focus is on toronto, then yeah it's probably best you move there. Hamilton just seems to be a huge disappointment for you anyways considering you always compare it to toronto. If you do move to toronto though I hope you're not going to keep posting here just to dump on everything you think hamilton is doing wrong compared to toronto though. Focus on your own city then.

We do need more service jobs here though. Basic jobs like admin, and accountants and things like that are the backbone of a creative downtown. Creative jobs only get you so far. I for example don't have a single creative bone in my body, but I love Hamilton. I'd like it if the offices in the downtown filled up with typical office work so for people like me.

[Chronamut]

Originally Posted by TheRitsman

We do need more service jobs here though. Basic jobs like admin, and accountants and things like that are the backbone of a creative downtown. Creative jobs only get you so far. I for example don't have a single creative bone in my body, but I love Hamilton. I'd like it if the offices in the downtown filled up with typical office work so for people like me.

I would have to agree with you. Almost all bones in my body are creative and I used to partake in the galleries and art crawls but it can be expensive for not a lot of gain - so I am kinda waiting for the downtown to intensify with people with money before I try again- my biggest beef was a lot of people liked my work but lacked the funds to buy it. So the interest was there but the financials were not. Hopefully as more businesses filter in it will mean more high paying jobs and more people with $$$ to spend

Been working more on music lately - as my below sig snows the newest song I have made at the time - slowly working on sculptures to showcase, they can be very time consuming. I find sculptures are easier because then I can just sell the original and not have to make prints and worry about framing like with paintings and whatnot.

-----

I think you will find a lot of the businesses opening up downtown will center around employing people who live in the downtown so the need for parking will be greatly diminished, as well as not be businesses that need to do a lot of traveling, but are stationary to downtown - desk jobs, architects and design firms etc - of which there are already many.

I work for cogeco, which is more an architectural based job as I work in planning and design, so I still get to be a bit creative and I've been doing it for so long that my pay is decent. That and I live across the street from my work - my living footprint is very small haha, so I don't venture downtown as much as I used to when I worked up on the escarpment for source cable/mountaincable. So Now I mostly live vicariously through others pics or the rare time I have to go downtown

[davidcappi]

If you do move to toronto though I hope you're not going to keep posting here just to dump on everything you think hamilton is doing wrong compared to toronto though. Focus on your own city then.

That Hamilton insecurity is showing again. Not a good look. The fact that you think diversifying our economy equates to stealing another city's personality is hilarious and shallow. This "we don't need help from anyone, and we can do it all by ourselves" attitude is so detrimental to the overall health of the city. On the bright side I have moved, it's nice not having to get up at 5:30 every morning to go to work. I don't really post on this forum a lot anymore anyways because it's become so unfocused, unmoderated and lacking in basic and accurate information it should be renamed SpeculationPage.

If there's one thing I've learned from moving, it's that people won't be happy for you because you're doing something good for yourself; they'll more than likely take it as some personal slight against the city. I don't have time for that ish.