approved residential development opportunity
THE OFFERING CBRE Limited (“CBRE”) is pleased to offer for sale a landmark Hamilton development opportunity located at 98 James Street South. The site is being sold on an as is where is basis on behalf of msi Spergel Inc. in its capacity as court appointed receiver for 2203284 Ontario Inc. The 0.33-acre site is zoned and conditionally site plan approved for a 269 unit, 30-storey residential building. The breathtaking design for this development has the historic James Street Baptist Church built into the podium of the new development presenting purchasers with the chance to incorporate modern design with the existing historic Revivalist architecture. The property is exceptionally well located in downtown Hamilton within walking distance of the Hamilton GO Centre Station and West Harbour GO Station.
APPROVED RESIDENTIAL DE VELOPMENT OPPOR TUNIT Y 9 8 J A M E S S T S · H A M I L T O N , O N TA R I O
The Hamilton real estate market has seen an upswing in investment over the last few years. Multi-family housing starts were up more than 59% from 2015 to 2016 – its highest level in decades. There are currently 5 condo developments under construction, 3 condo developments in pre-marketing, and an additional 3 loft-conversion projects underway with more than 400 high density units absorbed to date in 2017 showing the strong demand that exists for high density residential product in the City of Hamilton. End unit sale prices for several developments have reached the mid to high $500s per square foot while some developments have had unit sales exceed $600 per square foot.
GORE PARK
HAMILTON CITY HALL
JACKSON ST W
HUNT
ER ST W
P R O P E R T Y I N F O R M AT I O N
JAMES ST S
Acreage
±0.33 ac. (14,477.5 sq. ft.)
James St. Frontage
±117.49 ft.
Jackson St. Frontage
±123.79 ft.
Gross Floor Area
±215,844 sq. ft.
Official Plan
Downtown Mixed Use Area
Zoning
Downtown Prime Retail Streets (DT); Holding Provision 56; Site Specific Exception 467
TATEMONO SUSHI BAR & RESTAURANT
HIGHLIGHTS WEBSTER’S FALLS
APPROVED The property is conditionally site plan approved for a 269 unit, 30-storey, approximately 215,844 square foot residential building IMPROVING HIGH RISE FUNDAMENTALS Strong price growth and absorption with more than 400 high density units absorbed to date in 2017 IDEAL HAMILTON LOCATION Well located in proximity to wide range of commercial and institutional amenities including McMaster downtown campus, YMCA and City Hall
HAMILTON CITY CENTRE
WALK AND TRANSIT SCORE Close proximity to GO Transit and Hamilton Street Railway provides easy access to locations throughout Hamilton and the GTA. Everyday commercial amenities are available a short walk away.
MCMASTER UNIVERSITY
10 MIN WALK 10 MIN WALK
11 MIN WALK
5 MIN WALK
Nations Fresh Foods Hamilton Public Library
McMaster Downtown Campus
6 MIN WALK
7 MIN WALK 6 MIN WALK
Hamilton City Centre
5 MIN WALK
4 MIN WALK
CITY HALL
MA
IN
Everest College
ST
W 4 MIN WALK
Superior Court of Justice
4 MIN WALK
HU
C MA
NT
ER
ST
W
S
ST
B NA
Gore Park
98 JAMES ST S 1 MIN WALK
MA
IN
S ME
ST
ST
E
WALK SCORE
99
S
JA
2 MIN WALK
HAMILTON
HU
NT
ALL OUTLINES ARE APPROXIMATE
ER
ST
E
TRANSIT SCORE
JA CK
SO
N
85
ST
E
OFFERING PROCESS CONFIDENTIALITY AGREEMENT Potential purchasers that require access to the online document centre are to complete the CA and return it to: [email protected] HAMILTON GO STATION
BAYFRONT PARK & TRAIL
ART GALLERY OF HAMILTON
HAMILTON PUBLIC LIBRARY
AREA AMENITIES
TOURS
OFFER SUBMISSION
Listing Team requires 24 hours notice to arrange tours
All offers are requested to be submitted to: Lauren Doughty [email protected]
19
OFFER SUBMISSION DATE: FRIDAY, SEPTEMBER 15TH, 2017 BY 12:00 PM EST
WEST HARBOUR
Hamilton Farmer’s Market
CBRE Limited 2005 Sheppard Ave E Suite 800 Toronto, ON · M2J 5B4
FirstOntario Centre
6 15 12 11
10
5 1
14
SO
13
N
17
9 McMaster University
JA CK
16
2
8
SUBJECT PROPERTY
ST
W
7 HAMILTON
NT
HU
Hamilton City Centre Mall
ER
18
ST W T SS
E JAM
S
4
24
3
SCHOOLS
SERVICES
PARKS & TRAILS
ARTS & ENTERTAINMENT
1
McMaster Downtown Campus
7
Hamilton Downtown Family YMCA
13
Hamilton Convention Centre
17
Gore Park
2
Everest College
8
John Sopinka Courthouse
14
Art Gallery of Hamilton
18
Highland Gardens Park
3
Mohawk College
9
Hamilton City Hall
15
FirstOntario Centre
19
Bayfront Park and Trail
4
Hillfield Strathallan College
10
Nations Fresh Food
16
Hamilton City Centre
5
Columbia International College
11
Hamilton Farmer’s Market
6
McMaster University
12
Hamilton Public Library - Central Library
Lauren Doughty* Vice President 416 495 6223 [email protected]
Mike Czestochowski** Executive Vice President 416 495 6257 [email protected]
Ian Hunt* Vice President 416 495 6268 [email protected]
Jason Child* Vice President 416 495 6249 [email protected]
*Sales Representative **Broker. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.Mapping Sources: Google Earth 07/17.
Nate Pace Sales Representative 416 495 6246 [email protected]
CBRE LIMITED 2005 Sheppard Ave E Suite 800 Toronto, ON, M2J 5B4
APPROVED RESIDENTIAL DE VELOPMENT OPPOR TUNIT Y 9 8 J A M E S S T S · H A M I L T O N , O N TA R I O
The Hamilton real estate market has seen an upswing in investment over the last few years. Multi-family housing starts were up more than 59% from 2015 to 2016 – its highest level in decades. There are currently 5 condo developments under construction, 3 condo developments in pre-marketing, and an additional 3 loft-conversion projects underway with more than 400 high density units absorbed to date in 2017 showing the strong demand that exists for high density residential product in the City of Hamilton. End unit sale prices for several developments have reached the mid to high $500s per square foot while some developments have had unit sales exceed $600 per square foot.
GORE PARK
HAMILTON CITY HALL
JACKSON ST W
HUNT
ER ST W
P R O P E R T Y I N F O R M AT I O N
JAMES ST S
Acreage
±0.33 ac. (14,477.5 sq. ft.)
James St. Frontage
±117.49 ft.
Jackson St. Frontage
±123.79 ft.
Gross Floor Area
±215,844 sq. ft.
Official Plan
Downtown Mixed Use Area
Zoning
Downtown Prime Retail Streets (DT); Holding Provision 56; Site Specific Exception 467
TATEMONO SUSHI BAR & RESTAURANT
HIGHLIGHTS WEBSTER’S FALLS
APPROVED The property is conditionally site plan approved for a 269 unit, 30-storey, approximately 215,844 square foot residential building IMPROVING HIGH RISE FUNDAMENTALS Strong price growth and absorption with more than 400 high density units absorbed to date in 2017 IDEAL HAMILTON LOCATION Well located in proximity to wide range of commercial and institutional amenities including McMaster downtown campus, YMCA and City Hall
HAMILTON CITY CENTRE
WALK AND TRANSIT SCORE Close proximity to GO Transit and Hamilton Street Railway provides easy access to locations throughout Hamilton and the GTA. Everyday commercial amenities are available a short walk away.
MCMASTER UNIVERSITY
10 MIN WALK 10 MIN WALK
11 MIN WALK
5 MIN WALK
Nations Fresh Foods Hamilton Public Library
McMaster Downtown Campus
6 MIN WALK
7 MIN WALK 6 MIN WALK
Hamilton City Centre
5 MIN WALK
4 MIN WALK
CITY HALL
MA
IN
Everest College
ST
W 4 MIN WALK
Superior Court of Justice
4 MIN WALK
HU
C MA
NT
ER
ST
W
S
ST
B NA
Gore Park
98 JAMES ST S 1 MIN WALK
MA
IN
S ME
ST
ST
E
WALK SCORE
99
S
JA
2 MIN WALK
HAMILTON
HU
NT
ALL OUTLINES ARE APPROXIMATE
ER
ST
E
TRANSIT SCORE
JA CK
SO
N
85
ST
E
OFFERING PROCESS CONFIDENTIALITY AGREEMENT Potential purchasers that require access to the online document centre are to complete the CA and return it to: [email protected] HAMILTON GO STATION
BAYFRONT PARK & TRAIL
ART GALLERY OF HAMILTON
HAMILTON PUBLIC LIBRARY
AREA AMENITIES
TOURS
OFFER SUBMISSION
Listing Team requires 24 hours notice to arrange tours
All offers are requested to be submitted to: Lauren Doughty [email protected]
19
OFFER SUBMISSION DATE: FRIDAY, SEPTEMBER 15TH, 2017 BY 12:00 PM EST
WEST HARBOUR
Hamilton Farmer’s Market
CBRE Limited 2005 Sheppard Ave E Suite 800 Toronto, ON · M2J 5B4
FirstOntario Centre
6 15 12 11
10
5 1
14
SO
13
N
17
9 McMaster University
JA CK
16
2
8
SUBJECT PROPERTY
ST
W
7 HAMILTON
NT
HU
Hamilton City Centre Mall
ER
18
ST W T SS
E JAM
S
4
24
3
SCHOOLS
SERVICES
PARKS & TRAILS
ARTS & ENTERTAINMENT
1
McMaster Downtown Campus
7
Hamilton Downtown Family YMCA
13
Hamilton Convention Centre
17
Gore Park
2
Everest College
8
John Sopinka Courthouse
14
Art Gallery of Hamilton
18
Highland Gardens Park
3
Mohawk College
9
Hamilton City Hall
15
FirstOntario Centre
19
Bayfront Park and Trail
4
Hillfield Strathallan College
10
Nations Fresh Food
16
Hamilton City Centre
5
Columbia International College
11
Hamilton Farmer’s Market
6
McMaster University
12
Hamilton Public Library - Central Library
Lauren Doughty* Vice President 416 495 6223 [email protected]
Mike Czestochowski** Executive Vice President 416 495 6257 [email protected]
Ian Hunt* Vice President 416 495 6268 [email protected]
Jason Child* Vice President 416 495 6249 [email protected]
*Sales Representative **Broker. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.Mapping Sources: Google Earth 07/17.
Nate Pace Sales Representative 416 495 6246 [email protected]
CBRE LIMITED 2005 Sheppard Ave E Suite 800 Toronto, ON, M2J 5B4
