Slate Asset Management, owners of the approximately 800-acre parcel of industrial land that once belonged to Stelco, announced a new name and vision for the massive project at 386 Wilcox St. in Hamilton.
Expected to be completed by 2033, Steelport will be developed in phases, “including demolition, remediation and construction of new infrastructure, such as roads,” writes The Hamilton Spectator’s Fallon Hewitt.
Slate purchased the Hamilton Harbour land from Stelco last June for $518 million, with plans to open the former industrial lands to the public for the first time in a century.
The master plan for the project “includes an extensive trail network through a storm water lagoon park, a waterfront promenade, and a park. Retail and cultural elements are also planned for a two-kilometre loop through the site,” writes Hewitt.
The development is projected to add $3.8 billion to the provincial economy and create up to 23,000 jobs in Hamilton.
Read the full story here: https://www.thespec.com/news/hamilton-region/2023/05/18/stelco-waterfront-redevelopment.html