The Hamilton Tax Increment Grant Program (HTIGP) application for the redevelopment of 20-22 George Street / 17 Caroline Street South, Hamilton, was submitted by Hamilton George and Caroline Inc. (Darko Vranich). The applicant is proposing to develop a 32-storey mixed use building containing three retail units at-grade, two levels of commercial parking, five levels of public parking, two levels of underground parking, and a total of 230 multiple dwelling units. The lands are currently vacant.
Development costs are estimated at $67,000,000 and it is projected that the proposed redevelopment will increase the assessed value of the property from its current value of $1,275,500 to approximately $50,500,000.
http://hamilton.siretechnologies.com...7074355404.PDF