City says 13 teams are in­ter­ested in play­ing role in Pier 8 de­vel­op­ment

The Hamilton Spectator - - LOCAL - THE HAMILTON SPEC­TA­TOR

Thir­teen teams of pri­vate de­vel­op­ers are vy­ing for a chance to buy and build on Hamilton’s Pier 8.

The city an­nounced Fri­day that the re­quest for qual­i­fi­ca­tions (RFQ) closed July 10, and that the teams who submitted for­mal pre­qual­i­fi­ca­tion sub­mis­sions are made up of 31 On­tario-based firms.

“Our team is thrilled with re­sponses to the Pier 8 RFQ,” Chris Phillips, the city’s se­nior ad­viser of the West Har­bour re­de­vel­op­ment project, said in a me­dia re­lease.

“Both the quan­tity and qual­ity of the sub­mis­sions re­in­force the be­lief that the City’s West Har­bour Re­De­vel­op­ment is a trans­for­ma­tive ‘City-Build­ing’ project.”

The RFQ stage, which opened in April, will end with the an­nounce­ment of a short­list of in­ter­ested bid­ders.

Teams on the short­list, which is ex­pected to be re­vealed mid-Septem­ber, will be in­vited to par­tic­i­pate in the re­quest for pro­pos­als (RFP) stage.

The RFQ was the first step in a two-stage process of­fer­ing pri­vate de­vel­op­ers the chance to buy and build on 5.24 hectares of land in­te­grated with a pub­lic recre­ational wa­ter­front.

The RFP stage will fo­cus on con­cep­tual pro­pos­als and fi­nan­cial bids.

As part of the re­de­vel­op­ment project, the city hopes to cre­ate 1,500 res­i­den­tial units and 140,000 square feet of new com­mer­cial build­ings and in­sti­tu­tional space in nine de­vel­op­ment blocks that reach the wa­ter’s edge.

The en­tire so­lic­i­ta­tion project is ex­pected to wrap up in 2018. The re­de­vel­op­ment is ex­pected to gen­er­ate $44-46 mil­lion in mu­nic­i­pal tax rev­enue be­tween 2020 and 2030.


A city com­mis­sioned ren­der­ing of re­de­vel­op­ment for Piers 7 and 8.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.