The Offering

CBRE Limited (“CBRE “or “Advisor”) is pleased to offer for sale the Hamilton City Centre (the “Property” or “Site”), a major mixed-use development opportunity with potential for more than 1.7M sq. ft. of residential and commercial development on 3.54 acres of land along James Street North in the heart of downtown Hamilton. Originally named The Eaton Centre, the Property was built in 1990 by Cadillac Fairview. This landmark offering presents an extraordinary opportunity to acquire a major development parcel that is ideally positioned to address the significant demand for new housing and mixed-use space in Hamilton.

The Hamilton City Centre serves downtown Hamilton as a key community space with over 550,000 sq. ft. of enclosed commercial area. The Property is exceptionally well located, within walking distance of major transit, retail and employment nodes. The site is strategically located within the City of Hamilton’s Downtown Urban Growth Centre and is ideally situated to take advantage of the key policies of the Provincial Policy Statement, the Growth Plan for the Greater Golden Horseshoe, the Urban Hamilton Official Plan and the new Downtown Hamilton Secondary Plan, which promote intensification, redevelopment and compact built form, particularly in areas that are well served by public transit.

Property Details

Address77 James Street North
Site Area3.54 acres
James N Frontage522 ft.
York Blvd Frontage385 ft.
Leaseable Area391,124 sq. ft.
ZoningD1 Downtown Central Business District (west)
D2 Downtown Prime Retail Streets Zone (east)
Official PlanDowntown Urban Growth Centre
Downtown Mixed Use Area

Investment Highlights

Development Potential

1,782,363 developable square footage represents an exceptional opportunity.

Substantial Holding Income

Over $3,000,000 of holding income allows potential developers added flexibility during an entitlement process to maximize development potential.

Transit Access / Connectivity

Close proximity to GO Transit and Hamilton Street Railway provides easy access to locations throughout Hamilton and the GTA.

Rising Hamilton Marketplace

High-rise fundamentals have significantly improved. Strong price growth over 2017-2018 coupled with higher absorption rate since the beginning of 2017.

Demolition Clauses

All but one of the existing leases benefit from a sale and demolition clause.

Ideal Downtown Hamilton Location

Within walking distance to McMaster Downtown Campus, City Hall, St. Joseph Hospital and numerous office complexes.

Request Information

Contact Information

Brett taggart

Sales Representative
416 495 6269
[email protected]

Brad Walford*

Vice President
416 495 6241
[email protected]

Sean Comiskey*

Vice President
416 495 6215
[email protected]

CBRE Limited

2005 Sheppard Ave E.
Suite 800
Toronto, ON, M2J 5B4

*Sales Representative

*Sales Representative **Broker. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (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. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.Mapping Sources: Google Earth 04/18