The last industrial site between King and Main Streets is going to be remediated as part of a residential development which will see 64 new rental townhouses built on Dunsmure Road directly to the west of the CP rail site.
Hamilton City Council is expected to approve a $629,184 grant to the developer of 260 and 276 Dunsmure Road towards the estimated $1.875-million costs of remediating the site which “contains five vacant industrial/commercial and administrative buildings associated with its historical use as a lumberyard for Lawson Lumber Company Ltd.”
The City expects the site will increase municipal taxes from $37,399 to $118,742 per year. The grant represents 80% of this increase over ten years.
The project requires minor variances. A construction timeline was not included in the grant report.
Demand for ground-oriented housing is extremely high. It is reasonable to expect construction to begin as soon as the Site Plan is approved by the City of Hamilton.
