Hamilton hits provincial housing target; stands to land $12M
But funding falls short of what's lost through Bill 23, officials say
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But funding falls short of what's lost through Bill 23, officials say
IN8 Developments president Darryl Firsten says they need to pre-sell a certain number of condos to get project financing and that "there is just no market right now."
The developer for Hamilton's City Centre has hit pause on the four-tower condominium project, citing shortfalls in the real estate market.
When Hamilton's City Centre was shuttered nearly a year ago, the developer said demolition would begin within weeks to make way for an "epic" four-tower condominium project. That's yet to happen and the developer says the real estate market is to blame.
Saturday is Hamilton's last chance to hear the bells of the downtown City Centre, as its doors are closing permanently.