This week, City of Hamilton staff presented a report recommending Waterfront Shores Corporation as the Preferred Proponent of the Pier 8 Development Request for Proposal (RFP) process. The announcement comes following a thorough and comprehensive evaluation process of four received proposals. Hamilton City Council will meet on June 13th to consider final approval of staff’s recommendation.
Staff from the Planning & Economic Development Department are recommending that Waterfront Shores move to the final stage of the solicitation process for the Pier 8 development opportunity. This includes exclusive negotiations for the purchase and development of the Pier 8 lands on the basis of its winning proposal.
Quick facts about The Waterfront Shores Corporation
Core team members: Cityzen Development Corporation, Fernbrook Homes Group, GFL Environmental Inc., Greybrook Realty Partners Inc.
1,292 condominium units spread across 20 separate buildings. At-grade townhouses located on all 8 residential blocks;
65 units (5%) will be administered as affordable housing by Habitat for Humanity Hamilton who will ensure continuity of affordability for at least 15 years. 100% of these affordable units will be 2-bedroom or larger and distributed throughout the development;
In a prepared statement, Mayor Fred Eisenberger also celebrated the project:
The Pier 8 development opportunity represents the culmination of nearly 30 years of political and financial commitments from past and present Councils, along with partners at other levels of government. I commend the teams that came forward to express interest in redeveloping Pier 8, and look forward to seeing the visionary concept of The Waterfront Shores Corporation become a reality for all Hamiltonians – and visitors to our city to enjoy.
You can find the rest of Mayor Eisemberger’s statement here.