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  #5661  
Old Posted Sep 27, 2023, 1:18 AM
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Wow I guess Lamb had a renewed outlook on Hamilton. I thought he was trying to get Television City done and then he was running for the hills. What changed I wonder.
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  #5662  
Old Posted Sep 27, 2023, 2:15 AM
TheRitsman TheRitsman is offline
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Originally Posted by TheHonestMaple View Post
Wow I guess Lamb had a renewed outlook on Hamilton. I thought he was trying to get Television City done and then he was running for the hills. What changed I wonder.
Perhaps LRT actually happening, rental prices skyrocketing, and reduced parking requirements. Lamb is in it for the long game. He's been sitting on properties for over a decade in Hamilton. He also has stupid money, buying a parking lot in a desolate area of nothing for $2+ million.
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  #5663  
Old Posted Sep 27, 2023, 7:37 AM
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Originally Posted by TheHonestMaple View Post
Wow I guess Lamb had a renewed outlook on Hamilton. I thought he was trying to get Television City done and then he was running for the hills. What changed I wonder.
Like this guy, but benefit-of-the-doubt that Lamb follows through in ways Stinson has not, at least lately


https://www.thespec.com/news/hamilton-re...0a66e35-b8df-5f22-8a44-c16e52c4c2a6.html

Hamilton-based developer Harry Stinson could face huge penalties for breaking securities law
A tribunal has ruled the developer broke the law while soliciting funds for a hotel redevelopment in Buffalo


Matthew-Van Dongen
The Hamilton Spectator
Saturday, September 23, 2023

...
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  #5664  
Old Posted Sep 27, 2023, 12:52 PM
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I heard or read somewhere next year that all of downtown Hamilton's properties will have their land value revalued, so maybe developers are trying to secure deals before the big jump.
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  #5665  
Old Posted Sep 27, 2023, 1:26 PM
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I heard or read somewhere next year that all of downtown Hamilton's properties will have their land value revalued, so maybe developers are trying to secure deals before the big jump.
This is largely for MPAC and property tax assessment. I'm not sure how this would affect the timing of a property purchase. Most assessed values are far, far below their market value, so there shouldn't be much in the way of changing the market value. Also I believe it's all properties will have a different assessment value. The last time a real assessment was done was 2016, and it was postponed because of COVID. We will likely be seeing the entire city reevaluated, which will see downtown property taxes rise, but I think the affects are overstated. The suburbs of Hamilton have also seen massive rises in value as well, sometimes more than downtown.

Take the area around the Queenston circle where previously detached and semi detached houses were going for $350,000-$450,000 5-10 years ago, now they are in the $850,000-$1.1m range for what is often a bungalow or a bungalow with an added floor.

That's a huge change in land value, as it's unlikely the value of the "flip" the owner did.
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  #5666  
Old Posted Sep 27, 2023, 1:55 PM
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Originally Posted by TheRitsman View Post
Take the area around the Queenston circle where previously detached and semi detached houses were going for $350,000-$450,000 5-10 years ago, now they are in the $850,000-$1.1m range for what is often a bungalow or a bungalow with an added floor.

That's a huge change in land value, as it's unlikely the value of the "flip" the owner did.
In theory, if some areas tripled in value and mine only doubled, maybe my taxes will go down
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  #5667  
Old Posted Sep 27, 2023, 5:24 PM
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Originally Posted by TheHonestMaple View Post
Wow I guess Lamb had a renewed outlook on Hamilton. I thought he was trying to get Television City done and then he was running for the hills. What changed I wonder.
Toronto ain't getting any cheaper, is my guess.
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  #5668  
Old Posted Sep 27, 2023, 5:25 PM
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The downtown Toronto development pipeline has cratered in the last year or two as basically all the "easy" parcels of land to develop (i.e. parking lots) are gone now and development costs have skyrocketed to a level which the market can't really support as a result. The 905 / outer 416 condo market has exploded because of it.
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  #5669  
Old Posted Sep 29, 2023, 2:52 PM
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Originally Posted by Innsertnamehere View Post
The downtown Toronto development pipeline has cratered in the last year or two as basically all the "easy" parcels of land to develop (i.e. parking lots) are gone now and development costs have skyrocketed to a level which the market can't really support as a result. The 905 / outer 416 condo market has exploded because of it.
So what happens when WE develop all our parking lots which is "fast approaching" lol *sarcasm*

Last edited by Chronamut; Sep 29, 2023 at 9:08 PM.
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  #5670  
Old Posted Sep 29, 2023, 3:14 PM
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Originally Posted by urban_planner View Post
Forge and forster also reports that Lamb has also bought 73, 84, 89 and 91 hunter Street east. This is between Catherine Street and John Street.
So is he just gonna build around the walk in clinic? Or will yet another old house in the core fall victim to some new bland boxy development..

They claim they want walkability in this city but you get all these huge podiums with big foyers and no smaller close together businesses to peruse - this is why king st and king william work great in the core - they are tightly packed businesses you can walk along - imo anything along arterial roads should have businesses packed every 5-10 meters.

It's one reason I hate the stretch from the ellen faircloud building to the end of the AGH - there is just.. nothing - it feels like you have to walk for miles just to get to a business on the south side. Imo downtown ends at king and james. Everything else beyond that is just car only accessible stretches. No actual businesses until like hess st, and that tiny cluster of ones on the north side after jackson ends.

You need walkability in this city, not just plopping down condos with empty base podiums on every damn parking lot.. help the small ma and pa shops that are what have always made hamilton hamilton. You're just left with a ton of new people living here complaining there is nothing to do and nowhere to shop. No grocery stores. No drug stores. No fitness centers. Everyone isn't gonna drive a car but they'll have to walk blocks and blocks just to get their basic amenities.

Back in the day everyone worked in the core - either at the department stores, banks, govt jobs or factories. Many of the areas downtown had places you could eat at during your lunchtime, and maybe you'd peruse the farmers market on weekends - it was all self contained to actually support a thriving community in the core. We've ruined all that. I hope that our injecting so many people into the core will actually cause businesses they can work at, that supply affordable wages to allow them to actually work IN the core, to set up shop in the core, and rebuild that self sustaining model.

Remember there used to be woolworths, kreskys, zellers, robinsons right in the core. Granted jackson kinda pulled the need for all of that out of the core, but still, with the redevelopment of the city center, and the cobalt towers I am hoping something of actual use goes into these areas... look at any old picture of the hamilton core - the downtown was PACKED at ALL times.

How many places to work at have we actually built in the downtown lately? And not kitschy starbucks places that barely pay you enough minimum wage wise nevermind the lofty prices needed to live downtown.. Where is our business infrastructure? Innovation park? That's a long way away from anyone in the core. No, people are going to hop on the go and go work in the outlying cities. We need ACTUAL high end businesses - sure we have some architects firms on the upper levels of some buildings and its a start - but we need the high rollers to work for because its no longer dirt cheap to live downtown above businesses like it used to be - now its expensive as hell. We're building all these places where people are going to live, but not providing them with anywhere to WORK.

Last edited by Chronamut; Sep 29, 2023 at 3:31 PM.
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  #5671  
Old Posted Sep 29, 2023, 3:38 PM
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So what happens when WE develop all our parking lots which is fast approaching?
Eventually, the same thing - development will push outwards if there isn't affordable land in the downtown.

Hamilton is much further from this than you think though. Even with the rapid fire number of proposals there is still a massive amount of soft sites downtown.

Soft sites aren't just parking lots- they are smaller buildings on sites with significant density permissions. Toronto has run out of even those.
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  #5672  
Old Posted Sep 29, 2023, 3:43 PM
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Originally Posted by Innsertnamehere View Post
Eventually, the same thing - development will push outwards if there isn't affordable land in the downtown.

Hamilton is much further from this than you think though. Even with the rapid fire number of proposals there is still a massive amount of soft sites downtown.

Soft sites aren't just parking lots- they are smaller buildings on sites with significant density permissions. Toronto has run out of even those.
Ah yes, the rest of old hamilton we still have to demolish for more bland boxy commie Vranich designs lol

*says with extreme bitterness*
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  #5673  
Old Posted Sep 29, 2023, 5:25 PM
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Ah yes, the rest of old hamilton we still have to demolish for more bland boxy commie Vranich designs lol

*says with extreme bitterness*
Downtown Hamilton has tons of garbage buildings that can and should be demolished to make way for higher-density development. Think of the one-storey Dollarama at Main and Walnut or the one-storey building with the cheque-cashing place and Asian restaurants at King and Catharine, and many, many others. And we still have a lot of surface parking lots—probably more than just about any other Canadian downtown. At this point, running out of easy development sites is a problem Hamilton would be lucky to have. We'll get there eventually, but not any time soon.
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  #5674  
Old Posted Sep 29, 2023, 6:50 PM
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Originally Posted by Chronamut View Post
So what happens when WE develop all our parking lots which is fast approaching?
Seriously? Have you been downtown lately, along many of the minor roads?

It's relative, I guess. The "collision" between our galaxy and Andromeda is fast approaching too. Our parking lots will probably largely be developed within a couple of decades rather than 4.5 billion years, but still, there is time.

And good point about under-utilized properties. There are a substantial number of those in the core.
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  #5675  
Old Posted Sep 29, 2023, 8:57 PM
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It's also worth keeping in mind that the LRT (if it actually gets built) will greatly expand the scope of what's considered suitable land for high-density development. King East and Main East have so many parking lots, vacant lots, and crummy one-storey buildings. They're not attractive to developers now because they're considered to be too far from the core and also because the streetscape is so ugly and hostile and car-centric. The LRT (again, if it actually gets built) and the Main Street two-way conversion will change both of those things.

Long story short, Hamilton isn't about to run out of "easy" development sites any time soon.
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  #5676  
Old Posted Sep 29, 2023, 9:03 PM
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Originally Posted by Corktowner View Post
Downtown Hamilton has tons of garbage buildings that can and should be demolished to make way for higher-density development. Think of the one-storey Dollarama at Main and Walnut or the one-storey building with the cheque-cashing place and Asian restaurants at King and Catharine, and many, many others. And we still have a lot of surface parking lots—probably more than just about any other Canadian downtown. At this point, running out of easy development sites is a problem Hamilton would be lucky to have. We'll get there eventually, but not any time soon.
That goes without saying - I have no issue with demolishing MODERN bland stuff, to build.. bigger,.. taller, bland stuff lol..

I always have an issue when old victorian homes, pre-confederation buildings or stone structures are demolished though. Unless of course theyve rotted to such an extend and had so much stripped off them they literally look like garbage - but many of our old buildings ARE salvageable - it's just after 1 or 2 centuries they are naturally a little wore for wear..

and granted, we may not run out relatively soon - but most of the "major" ones will be gone - and then yes, it's off to bulldoze all the convenience stores and used car lots and dollaramas

also don't patronize me screamingviking lol - you know I have a much larger knowledge of the goings on and the history of the city - my post was more or less meant to be facetious and sarcastic.

and lol.. the LRT..
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  #5677  
Old Posted Sep 29, 2023, 9:23 PM
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The one kick butt whole block site that I am most interested in seeing a massive development is bound by Wilson Hughson John and Rebecca. No clue on who owns it, but I sure am hoping for something spectacular. Outside of that one, the old Zellers site at King William and James N will be an interesting one.
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  #5678  
Old Posted Sep 29, 2023, 9:32 PM
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The one kick butt whole block site that I am most interested in seeing a massive development is bound by Wilson Hughson John and Rebecca. No clue on who owns it, but I sure am hoping for something spectacular. Outside of that one, the old Zellers site at King William and James N will be an interesting one.
Yeah I hope something interesting goes there as that area is a bit of a "breather" - itd be really strange for something huge to go there, surrounded by other huge things - always nice when huge developments all circle a smaller one..

..but it is the only space that is an ENTIRE BLOCK empty, so that makes it really interesting - 2 churches and the eatons cotton factory used to be on that plot.

And yeah the zellers one is a hotly contested and debated piece of land - I think most of us would even be happy if they just cleaned the wall up a bit so it doesn't look like the building connected to it still burned down yesterday.. seriously mural that wall, and get rid of all the rebar and stuff sticking out the side of it..
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  #5679  
Old Posted Sep 30, 2023, 12:23 AM
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Isn't the breather, the super lame park just kitty corner? Hopefully that gets filled with positive activities once the blocks around it get filled with residents.
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  #5680  
Old Posted Oct 4, 2023, 6:50 PM
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Didn't know if I should post here or cuisine (although that's a bit tongue in cheek), but Tim Horton's or Crack Horton's, as I've seen the side door open multiple times with some dude smoking some substance out of a glass pipe is either closed for a complete renovation or it's done.
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