Raise the Hammer
Harry Stinson's Hamilton Grand website has a new rendering - the building's up to 12 floors including the penthouse.
Hamilton Grand, new 12-storey rendering
Sales must be going well for Stinson to add yet another floor. An article in today's Spectator reports that the building is half-sold - 82 units. The smaller original building plan only called for 80, so it seems Stinson and company were right to assess the market and increase the scale.
However, I do think he should stop at 12 floors, sell it out, build it and leave people wanting more.
He can't keep going higher and higher with this sort of model. The nearby Pigott building is 15 floors and is our tallest historic building. Stinson wants a building with a historic feel and architecture - how will he pull that off if it starts approaching 20+ floors?
For example, will there still be a "grand staircase"? Is there really any point in a 12-storey grand staircase? Six floors made sense for something like that.
Don't get me wrong, I'm getting excited about this, but I hope he'll cap it at some point and leave people wanting in on his next project, which could be a modern tower.
12 floors sounds just perfect, especially with that new rendering.
By TreyS (registered) | Posted February 10, 2009 at 11:10:03
Gorgeous Building! Congratulations Harry and team. Total transformation of that stretch of street and I'm glad to see it get taller. I hope it keeps selling see another 12 floors
By jason (registered) | Posted February 10, 2009 at 11:37:32
Trey, interesting comment - "another 12 floors". Do you think a building with this sort of design would look good at 24 floors??
By UrbanRenaissance (registered) | Posted February 10, 2009 at 11:38:58
I don't know about another 12 floors, but news like this is always encouraging. The fact that these units are selling out even during a recession says a lot about how attractive this city is to outsiders. Idiotic moves by council aside, I really think this is a great city and hopefully this is another step forward in revitalizing it.
By TreyS (registered) | Posted February 10, 2009 at 11:39:26
look at Detroit, NYC. 24 residential, as high as 75 Queen N, or corner of Hess and Main, with that style roof would look awesome. the street is narrow anyway. 12 is just as imposing as 24
By jason (registered) | Posted February 10, 2009 at 13:16:16
that's true...I've always loved the old tall buildings in Detroit and NYC. I suppose that would look cool. Regardless, I hope he just builds it. Save some of the interest for a future tower and just build the friggin thing.
By TreyS (registered) | Posted February 10, 2009 at 13:30:30
Agreed, I'm super happy with this building as proposed. I was just wishing. I'll wait for his super tall after this project.
By MattM (registered) | Posted February 10, 2009 at 15:30:15
I don't care if it's 6, 8 or 12 stories. I just want to see it built already. :)
By UrbanRenaissance (registered) | Posted February 10, 2009 at 15:38:35
Does anyone know when construction is scheduled to start? The website doesn't say.
By UrbanRenaissance (registered) | Posted February 10, 2009 at 15:46:53
Ah, scratch that, just read the Spec's article "construction could begin in April". Hopefully that turns out to be the case.
By Balance (anonymous) | Posted February 10, 2009 at 19:31:07
Looks great, seems unbelievable. Maybe Harry is what Hamilton has been waiting for. I wonder if he has secured financing........shouldn't be a problem if over 80 units are sold. He could even knock off floors as needed to achieve good financing. Great stuff, remarkable. Can hardly wait to see the construction in the spring! What a great addition to that area, with the beautiful court house and the London Tap bar. Awesome.
By JonC (registered) | Posted February 11, 2009 at 09:05:54
Regarding the height (adding another 12), each floor is more expensive to build than the previous. Taller buildings work in more densely populated areas as the cost of the dirt is prohibitively expensive.
By Just Curious (anonymous) | Posted February 11, 2009 at 16:27:17
I'm just wild about Harry, but I do wonder about the current 82 investors. Do they now have to share the restaurant returns etc. with the additional investors buying up the extra floors? Will they now sell only to big eaters?
Maybe Larry Di can tell us how this works.
By Moseby (registered) | Posted February 16, 2009 at 13:47:15
yeah, I agree. They shouldn't go any higher than 12 stories. Glad to hear this project is going well; the Grand will be such a cool and badly needed addition to our downtown.
By TreyS (registered) | Posted February 25, 2009 at 17:34:54
Yes (Just Curious) the owners share in all the profits, including the restaurants, bar, lounge and functions on the rooftop.
Note: The $200K for a unit is the same price for a unit in the proposed Connaught Tower. If he sold this many in such a short time, then maybe it makes a case for the super tall to be back in play.
By Vada a Bordo (anonymous) | Posted January 19, 2012 at 15:07:33
Five/six storeys is the actual height.
http://www.hamiltongrand.ca
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