About 2880 & 2900 King Street

The Property is well-located within east Hamilton / Stoney Creek at the intersection of Centennial Parkway and King Street East - less than 2 kilometers from the Redhill Parkway and Highway 8. The Property is located just 15 minutes from Downtown Hamilton, 40 minutes from downtown Niagara/US border and 1 hour from downtown Toronto. The Site is designated as a Secondary Corridor and Neighbourhoods on Schedule E - Urban Structure and designated as Neighbourhoods on Schedule E-1 - Urban Land Use Designations in the Urban Hamilton Official Plan. The proposed built form includes a two-tower design of 18- (north) and 20- (south) storeys connected via a 6-storey podium and includes commercial uses at grade. The proposed development has a total GFA of 392,564 square feet representing 564 residential units and an FSI of 6.27. The development will contain approximately 564 dwelling units. The Site is zoned Community Commercial (C3) Zone in the City Zoning By-law No. 05-200, which permits a range of commercial uses. The Vendor has submitted a ZBA and OPA submission to the City for a proposal to redevelop the Site with two mixed-use towers at the heights of 20 storeys and 18 storeys. The purpose of the previous proposed ZBA was to rezone the Site from Community Commercial (C3) to a site-specific Mixed-Use Medium Density (C5) Zone in the City Zoning By-law No. 05-200. The proposal was subsequently appealed to the OLT. Additional documents available in an online data room which can be accessed after executing a Confidentiality Agreement.

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