64 Main St East | ? m | 18 fl | Proposed - Page 35

Innsertnamehere · #**681** Posted **Apr 9, 2021, 12:48 PM**

Quote:

Originally Posted by TheRitsman

Speaking of developments that went nowhere.

Is there any news on who owns this, and what's going on with it?

The developer apparently filed for bankruptcy. The site is now for sale.

LikeHamilton · #**682** Posted **Apr 9, 2021, 3:21 PM**

This thread started Dec 10, 2008. For what should be a prestige location, it is taking an agonizingly long time!

Innsertnamehere · #**683** Posted **Apr 9, 2021, 3:24 PM**

Quote:

Originally Posted by LikeHamilton

This thread started Dec 10, 2008. For what should be a prestige location, it is taking an agonizingly long time!

2 different developers - now going onto a third.

The condo market seems to be maturing in Hamilton though, with lots more proposals than in the past and more moving to construction. So hopefully third time is the charm here.

StEC · #**684** Posted **Apr 9, 2021, 10:50 PM**

What address was these failed developments?

SteelTown · #**685** Posted **Apr 23, 2021, 8:58 PM**

Saw an ad for this property

https://content-na.drive.amazonaws.c...Box=1721%2C911

May 11 @ 4pm is when offers are due to purchase the property.

LikeHamilton · #**686** Posted **Apr 23, 2021, 10:04 PM**

Quote:

Originally Posted by SteelTown

Saw an ad for this property

https://content-na.drive.amazonaws.c...Box=1721%2C911

May 11 @ 4pm is when offers are due to purchase the property.

The link is not working!

SteelTown · #**687** Posted **Apr 23, 2021, 10:09 PM**

Try this, https://www.amazon.ca/photos/share/M...hFs4gzVPZ6lJBr

LikeHamilton · #**688** Posted **Apr 23, 2021, 10:18 PM**

Quote:

Originally Posted by SteelTown

Try this, https://www.amazon.ca/photos/share/M...hFs4gzVPZ6lJBr

Thanks works!

Bubba9000 · #**689** Posted **Apr 24, 2021, 11:03 PM**

Love how the ad says "future LRT line!" with the route shown along Main Street.

lachlanholmes · #**690** Posted **Apr 25, 2021, 3:14 AM**

Here's another link to the full brochure on CBRE's website if anyone is interested.

This is a great, prime site in our downtown and it is really too bad that it has sat as a decrepit fenced off pile of dirt for so long. It deserves something excellent, and I hope a real developer comes in and proposes something better than the previous plan.

I will be watching to see if the eventual purchaser pursues the existing 18-storey scheme, or whether they opt for a 30 storey height limit tower. Back of the napkin math indicates that a 30-storey tower with 750 metre floorplates would net them a significantly increased GFA, without even factoring in larger floorplates on podium levels. When you also consider that the planning department seems perfectly content with tower floorplates above and beyond 750 square metres... the potential for GFA growth is large. If they wanted to pursue a 30-storey tower option, they would be incurring the cost and uncertainty of an ZBLA and OPA, though.

Markus83 · #**691** Posted **Apr 26, 2021, 3:08 PM**

It would seem to me with everything that is going on right now in the downtown core and across the city, that this piece of optimal space, that it's just a matter of time. The only unknown I suppose is what will it be and will it be something formidable, as it should be in my opinion anyway. I find it completely strange that it has sat there for sooo long without even a finger touching it. Perhaps the grounds are haunted!

Chronamut · #**692** Posted **Apr 26, 2021, 3:18 PM**

Quote:

Originally Posted by Markus83

It would seem to me with everything that is going on right now in the downtown core and across the city, that this piece of optimal space, that it's just a matter of time. The only unknown I suppose is what will it be and will it be something formidable, as it should be in my opinion anyway. I find it completely strange that it has sat there for sooo long without even a finger touching it. Perhaps the grounds are haunted!

The issue is the fact it used to be a gas station, so the ground is contaminated

TheHonestMaple · #**693** Posted **Sep 22, 2021, 2:01 AM**

Whatever happened with this? Did the lot sell?

Edit: Wow it's still for sale. I guess they didn't get any offers they liked. Sigh.

ScreamingViking · #**694** Posted **Sep 22, 2021, 1:50 PM**

Quote:

Originally Posted by TheHonestMaple

Whatever happened with this? Did the lot sell?

Edit: Wow it's still for sale. I guess they didn't get any offers they liked. Sigh.

The cost of remediating it probably still isn't worth the steal of a sale price.

TheHonestMaple · #**695** Posted **Sep 22, 2021, 1:54 PM**

I feel like the cost of remediating soil is way over hyped. It's simply not that expensive. The soil is simply removed and brought to a processing facility where it is cleaned, or it is brought to a landfill. It really does not increase the cost of a project by much. Not sure where this myth started that it's super expensive.

ScreamingViking · #**696** Posted **Sep 22, 2021, 2:13 PM**

Perhaps this site is more complicated due to ancient underground infrastructure or water issues.

And there are many other lots around that don't require environmental work like this. It's not the lowest hanging fruit.

Maybe the city should just buy it, cap it, and turn it into a park.

TheHonestMaple · #**697** Posted **Sep 22, 2021, 2:28 PM**

Let's just hope the construction of the LRT will light a fire under certain developers asses, including a potential one for this site.

onetimetoomany · #**698** Posted **Sep 3, 2022, 9:31 PM**

Site just sold for $2.1 million

Innsertnamehere · #**699** Posted **Sep 3, 2022, 10:06 PM**

Not that much actually considering it’s development potential. Is there some major remediation issues here or something?

mikevbar1 · #**700** Posted **Sep 3, 2022, 10:50 PM**

This site definetely has some remediation issues, as discussed prior in the thread. That said, in my opinion this site could be a viable contender to host something 40+ floors, height limit be damned.