Hello Ward 8 Neighbours,
New site plans and renderings for a major industrial development that’s the size of New York’s Central Park on Hamilton’s harbourfront were recently revealed.
For more details, please continue reading below…
Slate Asset Management, a global alternative investment platform, provided updates on Oct. 11 about its investment on the 800 acre Steelport, a major development project in Hamilton’s industrial sector.
Slate said it plans to submit a formal master plan for Steelport in the coming months. The group plans to break ground on phase one of the project sometime in 2024. Slate also released some preliminary plans for the development.
As part of its master plan for the site, Slate is proposing a multi-use recreational trail network connecting Hamiltonians to industries and the waterfront. It also proposes to preserve Stelco’s coke battery plant structures in a hybrid park.
Plans also include a “Pipe Gallery,” which will have commercial and creative office spaces that will be integrated with the gallery’s infrastructure. It will also include a Lagoon District by regenerating lagoons to create a “sculptural micro-topography” that creates a park-like environment connected to the waterfront. This district aims to support recreational activities, biodiversity, ecological programs and habitats.
Steelport touted as future ‘state-of-the-art’ industrial hub
Slate introduced a preliminary vision for the Steelport project earlier this year. Steelport will be on an 800-acre industrial parcel Slate bought from Stelco Inc. in 2022.
Slate forecasts that the new development will create up to 23,000 new jobs and inject up to $3.8 billion into Ontario’s economy over the next decade.
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