Ontario Construction News staff writer
Slate Asset Management hosted an event in Hamilton last week to highlight two development projects: Steelport and Corktown.
Slate expects to submit a formal master plan for Steelport in the coming months and plans to break ground on phase one of the development in 2024. Corktown East, the 27-storey residential tower of the Corktown development, is currently offering studios, one bedroom, one plus den, two bedroom, and two plus den suites ranging from 340 sq. ft. to 851 sq. ft. Prices start from the $500s. More information can be found at corktown.condos and thesteelport.com.
The project team unveiled new details of Corktown, the firm’s design-forward residential development in the city’s downtown. New renderings and site plans for Steelport, an 800-acre industrial development on the historic harbourfront of Hamilton, were also shared at the event held on the future Steelport grounds, located at 530 Gage Avenue North.
“Growing up in this area, I was always proud that steel was produced here because it helped build this country,” said Blair Welch, Slate’s Co-founding Partner. “Now, with our investment in Steelport – named partly in celebration of Hamilton’s proud heritage as the Steel Capital of Canada – and Corktown, we are helping to honour a century of enterprise while forging a new future for the city, and we are excited to share these plans with the Hamilton community.”
Slate acquired the 800-acre industrial site from Stelco Inc. in 2022 with a vision to reshape the underutilized property into one of the largest, state-of-the-art intermodal industrial hubs in the country. The redevelopment of the site will bring new industry to Hamilton and is projected to create up to 23,000 new jobs and inject up to $3.8 billion into Ontario’s economy over the next decade, according to an economic study conducted by EY. It will also make portions of the Steelport site accessible to the public for the first time in a century.
A mixed-use residential project will include a 27-storey tower and 14-storey mid-rise, with retail spaces at the ground level. The development is located at one of the most connected areas of Hamilton – residents will have access to a variety of local parks and nature trails, St. Joseph’s Hospital and McMaster University.
“We think of ourselves as city-builders, meaning we think beyond each of our individual projects and more about what we can give back to the communities we invest in. With Corktown, not only are we bringing quality architecture and design to the region, but we are investing in jobs, economic development, and the greater Toronto housing market,” said Brandon Donnelly, managing director.