Canadian Property Management
Summary
An 800-acre redevelopment site on the Hamilton harbourfront has been dubbed Steelport to reflect the city’s industrial heritage and the developer’s vision that it will be serve as a foundry for a major business and intermodal transportation hub. Slate Asset Management’s newly unveiled masterplan for the lands acquired from Stelco Inc. last year include rejuvenation of the underused port on Lake Ontario, up to 12 million square feet of employment space and a network of public spaces.
The developers point to the potential for district energy and renewable power generation, and they have committed to the reuse and recycling of materials from the demolition of existing buildings on the site. As envisioned, the lands, which have been closed to public access for more than 100 years, will be reintegrated with the surrounding city via municipal roads and trails that will also re-establish access to the waterfront.
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