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Hamilton City Centre to be replaced with $700 million condo complex upon pending sale

Huge news for Hamilton City Centre as a developer has announced $700 million plans to demolish the building and construct five residential and commercial towers in its place.

Darryl Firsten, president of Toronto-based development firm IN8 Developments, is set to purchase the 3.54 acre stretch of James Street North that is currently attached to Jackson Square Mall. The deal is set to close on December 12th.

Given the immense revitalization occurring en masse within Hamilton’s downtown core, and the Centre’s prime stretch of real estate, this major overhaul and redevelopment plan hardly comes as a surprise; especially considering Firsten had been eyeing Hamilton City Centre since the building officially went up for sale at a $60 million asking price last year.

While there will be an approximate three-year wait for work to begin pending a provincial environmental assessment, the ambitious scope of Firsten’s plans include multiple residential condo buildings, a possible convention centre and hotel, and a concept for a shop-filled thoroughfare through the space with an indoor-outdoor feel.

IN8 Developments’ sizeable plans will be executed in phases taking up to a decade’s time, and the precise aesthetic of the envisioned spaces is still in the works, with Firsten describing the future buildings as “attainable live-work space.”

Though the worn-down Hamilton City Centre space still functions as a commercial complex complete with retail stores, office spaces, a food court, and a bowling alley, Hamiltonians have long considered the beautiful and cavernous centre to be a shell of what it once was; a longstanding space with a tenuous future in our developing city.

In the interim, Firsten is keeping current City Centre tenants informed on progress, and he intends to touch up the existing mall space to keep it functional before breaking ground. Once the go-ahead is given, work on this exciting large-scale Hamilton development will hit the ground running.

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