Comment 68157

By RenaissanceWatcher (registered) | Posted August 17, 2011 at 22:36:32

The $47 Million commitment made by the city last week toward the construction and long-term leasing of the McMaster Health Campus and Hamilton Public Health Centre at Bay and Main is the “sweetener” prompting Vrancor’s expeditious demolition of the Federal Building across the street six days later, literally having to be temporarily halted by the MOE to let the dust settle.

Vrancor has been sitting on its vacant properties in Hamilton for several years. It became a different ball game for Vrancor last week. The prospect of attracting some of the 450 salaried McMaster Health Campus and Public Health employees to live across the street in one of Vrancor’s proposed 628 condo units and having visiting researchers, students and patients staying at Vrancor’s extended stay hotels provides a key incentive for Vrancor to proceed with its five phase $150 Million condominium and hotel project. It will be interesting to see whether all five phases will be completed within the estimated six to seven year time frame.

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