VIEW SOUTH-EAST MINUTES TO HAMILTON & WEST HARBOUR GO 188 CANNON ST E PROPOSED 27 STOREY 212 UNIT DOWNTOWN HAMILTON HIGH RISE DEVELOPMENT
CANNON ST E
FERGUSON AVE N
LAND SPECIALISTS VIEW SOUTH-WEST THE OFFERING
CBRE Limited is excited to offer for sale 188 Cannon Street East located in Hamilton, ON (the “Site”). This + 0.37 parcel offers two frontages along Cannon Street East and MCMASTER UNIVERSITY Ferguson Street North. The Site is located within the Central Hamilton District offering a wide range of future densities. The City of Hamilton is encouraging intensification an experiencing HIGHWAY 403 rapid gentrification which the Site compliments. The Property proposes a 27-storey high-rise HAMILTON STATION development opportunity for 212 units in a mature, well serviced neighbourhood and just steps from the Hamilton General Hospital, retail, and commercial amenities. The Site offers direct WEST HARBOUR STATION access to the West Harbour GO and Hamilton GO stations; as is within close proximity to FIRSTONTARIO CENTRE Highway 403 and Burlington Street, providing direct access to the Greater Toronto Area, and Southwest Ontario.
PROPERTY DETAILS
Size + 0.37 ac. Concept Rendering Only
+ 145 ft. on Cannon St E Frontage + 103 ft. on Ferguson Ave N
Downtown Residential Official Plan (High-Rise 2)
Zoning Downtown Residential (D5) SUBJECT PROPERTY
HAMILTON HEALTH SCIENCE WARD 1 MINUTE WALK NORTH VIEW EAST SITE PLAN
CANNON ST E SITE PLAN ²
²
² ² (96%) ² CANNON ST E ² ²
FERGUSON AVE N FERGUSON AVE N FERGUSON AVE MASSING 3 MASSING 3 MASSING 3 NORTH WEST NORTH EAST SOUTH WEST ² PERSPECTIVE PERSPECTIVE PERSPECTIVE ² ² ² ²
LOT AREA 16,103 SQ. FT. UNIT MIX (TOTAL) 212 UNITS
STOREYS 27-STOREYS 1 BEDROOM 81
BUILDING HEIGHT 90.15 SQ. M. 1 BEDROOM + DEN 26
BUILDING COVERAGE 15,522 SQ. FT. 2 BEDROOM 26
BUILDING GFA 260,756 SQ. FT. 2 BEDROOM + DEN 53
244 JAMES STREET SOUTH, HAMILTON, ONTARIO, L8P 3B3 T: 905.522.6165 F: 905.522.2209 E: [email protected] PODIUM AREA 46,565 SQ. FT. 2 BEDROOM 26 www.lintack.com
Concept Renderings Only TOWER AREA 214,191 SQ. FT. TOTAL PARKING 118 SPACES
NORTH-WEST PERSPECTIVENORTH-WEST (CANNON PERSPECTIVENORTH-WEST & (CANNON PERSPECTIVE & NORTH-EAST (CANNON PERSPECTIVE & NORTH-EAST (LANE) PERSPECTIVENORTH-EAST (LANE) PERSPECTIVE (LANE)SOUTH-WEST PERSPECTIVESOUTH-WEST (FERGUSON PERSPECTIVESOUTH-WEST ST) (FERGUSON PERSPECTIVE ST) (FERGUSON ST) FERGUSON ST) FERGUSON ST) FERGUSON ST)
244 JAMES STREET SOUTH, HAMILTON,244 JAMES ONTARIO, STREET SOUTH, L8P 3B3 HAMILTON,244 JAMES ONTARIO, STREET SOUTH,L8P 3B3 HAMILTON, ONTARIO, L8P 3B3 T: 905.522.6165 F: 905.522.2209 T: 905.522.6165E: [email protected] F: 905.522.2209 T: E: 905.522.6165 [email protected] F: 905.522.2209 E: [email protected] www.lintack.com www.lintack.com www.lintack.com VIEW SOUTH-WEST
ACTIVE OR SOLD DEVELOPMENTS COMING SOON DEVELOPMENTS
10 2 6 5 9 7 5 1 8 2 6 3 4 3 SUBJECT PROPERTY 1 CANNON ST E 4 FERGUSON AVE N LAND SPECIALISTS
COMPARABLE DEVELOPMENTS COMING SOON DEVELOPMENTS
Address Development Builder Type Floors Units ACTIVE & SOLD DEVELOPMENTS Cobalt Luxury High-Rise Group & 1 43 King Street Residences on King LIUNA High Rise 30 525 Address Development Builder Opening 1st Occupancy Type Size Range SF Price/SF Price/SF Units Floors Status 2 98 James Street Connolly Condos Hue Developments High Rise 30 315 134 Mary Beasley Park Lofts Stinson Properties 11/19/2016 03/01/2022 Lofts 600-1,104 $399,900 - $624,900 $543 - $560 240 12 57% Sold Harbour Condos on 1 Street 3 41 Stuart Street the Bay Canlight High Rise 11 76 81 Robinson New Horizon High Metro Condos Gatsby at City Square 10/20/2016 06/01/2019 691-750 $305,990 - $350,990 $442 - $444 102 11 Sold Out 4 299 John Street N Tower A Spallacci Homes High Rise 23 255 2 Street Homes Rise 17 Exen Road Onyx Condos Coletara High Rise 10 400 15 Cannon Areacor 5 Developments Jamesville Lofts 11/25/2017 01/01/2021 Lofts 535-787 $428,000 - $598,120 $772 - $805 40 6 70% Sold 3 Street West Developments Inc. Diamante 6 108 James Street N Tivoli Condos Investment Ltd. High Rise 22 106 212 King Kiwi Condos on King High 4 Rosehaven Homes 05/23/2019 02/01/2023 552-960 $378,990 - $650,990 $620 - $742 266 14 92% Sold Areacore William Street William Rise 7 75 Catherine Street Union Condominiums Developments Inc. High Rise 16 120 15 Queen Coletara High Emblem Platinum Condos 07/07/2018 10/01/2021 401-894 $257,740 - $461,490 $487 - $582 294 24 Sold Out 1 Jarvis Street 1 Jarvis High Rise 15 354 5 Street South Developments Rise 8 Developments 225 Main Street W Apex Condos Coletara High Rise 23 152 163 Jackson Television City Tower 1 Lamb Development 05/13/2017 High 508-2,028 $314,900 - $1,510,901 $582 - $747 353 40 80% Sold 9 Developments 09/01/2025 6 Street Corp. Rise Elite M.D. Television City Tower 2 03/14/2018 369-2,028 $259,900 - $490,900 $577 - $740 268 30 56% Sold 10 1095 Fennell Ave E Sherwood Plaza Developments High Rise 9 300 VIEW WEST FIRST ONTARIO CENTRE WEST HARBOUR GO STATION Just minutes from the Site, $500 million dollars is going into a complete renovation and revistalization of Hamilton’s FirstOntario Centre, FirstOntario Concert Hall and the Hamilton Convention Centre. The renovation will include the development DUE DILIGENCE of 3 high-rise buildings with a possibility of an FIRSTONTARIO CENTRE Substantial due diligence materials to additional 2 more towers. The project will features support this concept plan are available approximately $340,000,000 in auxiliary mixed- in an online property library. To gain use development. access please submit a Confidentiality Agreement to: [email protected] The project, anticipated to commence in the fall of 2021, will revitalize and transform downtown • Phase II ESA Hamilton further marking the city as an • Supplement Phase II ESA Report • Remedial Action Plan entertainment and cultural hotspot. • New Apartment Feasibility Report • Site Plan • Floor Plans & Elevations • Achitectural Drawings & Massings CANNON ST E • Renderings • Hamilton Tax Increment Grant Program Application • Related Articles
SUBJECT PROPERTY
FERGUSON AVE N
Torey Ferrelli Ian Hunt* Sales Representative Senior Vice President *Sales Representative | All outlines approximate LAND This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the T +1 416 495 6246 T +1 416 495 6268 Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates SPECIALISTS [email protected] [email protected] obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not ASKING PRICE: 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 $5,900,000 or the recipient’s reliance upon the Information. The recipient of the Information should take such Jason Child* Daniel Satoor Allison Conetta steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon CBRE Limited the Information. The Information may change and any property described in the Information may be Senior Vice President Sales Representative Sales Representative withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE 2005 Sheppard Ave E T +1 416 495 6249 T +1 416 495 6203 T +1 416 495 6287 and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies Suite #800 in other countries. All other marks displayed on this document are the property of their respective Toronto, ON, M2J 5B4 [email protected] [email protected] [email protected] owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services canadamapping@cbre. com; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth 07/20. www.cbre.ca/child-hunt To Receive the Due Diligence Package Please Complete and Return to: [email protected] CONFIDENTIALITY AGREEMENT FOR 188 CANNON ST E, HAMILTON ON
The undersigned hereby acknowledges that CBRE Limited (“CBRE”); through Jason Child, Ian Hunt, and Daniel Satoor have been retained by the Vendor on an exclusive basis to arrange the sale of 188 Cannon Street East, Hamilton ON (the “Property”). All Inquiries and communications with respect to the property shall be directed to any of the above listing agents of CBRE. We have requested from the Vendor and CBRE, information, including confidential and proprietary information, which has not been generally disclosed to the public, for use in evaluating a potential purchase of the Property.
In exchange for good and valuable consideration provided by the Vendor and CBRE, including, without limitation, the receipt and sufficiency of which is hereby acknowledged, we agree to keep confidential any and all information supplied to us concerning the Property that is not a matter of public record and not to utilize any such information for our own benefit (or for the benefit of anyone else) other than for the evaluation of the Property with respect to a potential purchase.
We understand that we may transmit any such information to partners, officers, directors, employees or legal or financial advisors (collectively, “representatives”) but only to the extent that they need to know such information for the purpose of such evaluation. We undertake to inform such representatives of the confidential nature of such information and that they will be bound by the terms of this Agreement. We agree to be responsible for any breach of this Agreement by our representatives. We agree that any legal, financial or any other third party advisors that are retained by us, to act on our behalf, will be compensated by us. This shall include outside brokers.
We acknowledge that information being delivered to us with respect to the Property is subject to the limitations on liability and disclaimers for the protection of the Vendor and CBRE.
We agree to indemnify and save harmless the Vendor and CBRE from any claims, losses, damages and liabilities whatsoever (including legal fees on a substantial indemnity basis and disbursements) arising out of a breach by us or any of our representatives of any of the terms or other provisions of this Agreement. CBRE and the Vendor also reserve the right not to release information.
The Buyer agrees to continue to work through CBRE Limited for the above mentioned property including offers within 12 months after the expiration of the Listing Period, so long as the Buyer wishes to make any offer within said timeframe and the Buyer was introduced to the Property during the Listing Period or shown the Property during the Listing Period, which the Buyer has acknowledged by signing below.
The Buyer agrees that any and all communication with regards to this property shall be done so through CBRE. The Buyer and or their representative will not at any time contact the vendor directly.
CBRE is exclusively representing the Vendor and will not act on behalf of any potential purchasers. With the execution of this Confidentiality Agreement, the undersigned acknowledges that they are undertaking this investigation of the Property at their sole risk and expense and that under no circumstances will any amounts expended by the undersigned for its due diligence investigation or review be paid or reimbursed by the Vendor or CBRE. A fax or scan of a signed copy, or an electronic submission, of this Agreement shall be deemed to be an original signed copy.
THE SECTION BELOW MUST BE COMPLETED IN FULL PRIOR TO ANY INFORMATION BEING RELEASED.
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This disclaimer shall apply to CBRE Limited, Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein (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.