http://www.hamilton.ca/NR/rdonlyres/...__PED12033.pdf
That a grant in the estimated amount of $333,652.84 under the Hamilton Downtown Property Improvement Grant Program (HDPIGP) for the Hess Village Real Estate Corporation, owner of the property at 275 King Street West, be authorized and approved in accordance with the terms and conditions of the Program
The applicant is proposing to develop a four-storey, twenty-nine unit apartment building by way of redeveloping the existing derelict three-storey apartment building. The building will be constructed to LEED certified Gold standard.
Development costs are estimated at $4,301,124 and it is projected that the proposed redevelopment will increase the current value assessment (CVA) of the property from its current $448,250 to approximately $3,700,000