A large piece of Hamilton’s industrial lands, under a holding provision by city council, has been acquired by an investment firm planning to develop a world-class industrial park.
“Our vision is to restore this site to its highest potential, reimagining it as a world-class industrial park that will continue to play a crucial role in the economy of the city and our province long into the next century,” Blair Welch, founding partner at Slate told Global News.Story continues below advertisement
“When you think of a large industrial place, typically they would be on the outskirts. This one could be built right in the heart where everyone is among all the transportation hubs. So we think it’s going to be world class,” Welch said. About 725 acres is earmarked for industrial park development with zoning allowing for a range of industrial uses with potential to develop up to 12 million square feet.