Quote:
Originally Posted by LikeHamilton
This from the Spec article today
Who else is coming???
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There is a new subdivision application across the street at 9322-9326 Dickenson Rd, which I'm guessing is the site they are describing.
There is another, much larger subdivision application beside that at 9511 Twenty Road West which was filed in 2018.
No site plans have been filed yet for buildings within those subdivisions.
For people who don't know, a plan of subdivision is required to take the farm lots and split them up into developable lots for industrial properties. This introduces the new roads and servicing for the lands, then a site plan application is filed for each individual industrial building prior to it's construction.
Especially for industrial properties, developers often file subdivision applications years in advance of actually constructing the industrial buildings on them. Most tenants won't sign on until the lands are serviced and ready to go. This site has sat for about a decade after the subdivision plan was completed and the roads constructed, for example. The subdivision here was completed by another developer however who eventually sold to Panattoni, who is now arranging tenants and constructing the industrial buildings.
For this reason you often see news articles discuss the amount of "serviced" industrial lands a city has - which is key to attracting industrial tenants. Right now Hamilton doesn't have a ton of it, especially large sites capable of supporting mega-industrial buildings that are becoming more and more common - like this one.