September 09, 2020, by Tracy Hanes
A strategic alliance has been forged between the city, City Housing Hamilton (CHH) and Roxborough Park Inc. (RPI), a partnership of Urbancore Developments, Carriage Gate Homes and the Effort Group, to create a game-changing project in Hamilton.
This project will transform 13 acres in the cityâ€™s east end into a $400-million, master-planned community modelled on affordability, adaptability, inclusivity and diversity.
When completed in five to seven years, the neighbourhood â€” to be called Roxboro â€” will include nearly 800 new, mixed-income units of various types that will be built in up to four phases.
Ward 4 Councillor Sam Merulla was instrumental in bringing the vision together. When he learned that the old Roxborough Park School site was available, he reached out to Sergio Manchia, a developer-planner who helms Urbancore Developments.
The project will address the critical need for more affordable housing in Hamilton and will be a catalyst for the revitalization and diversification of the McQuesten neighbourhood.
Diverse, $400M housing plan is a focussed vision for Hamilton
What does this mean?
This article is fascinating, even enlightening, but you may have no idea what to do with the information it provides.
Itâ€™s dangerous to load up on knowledge and move without the practical wisdom to act.
Every week, our coaches post real estate insights and stories from the streets. They unpack real deals, breaking down the numbers, and highlight trends that their clients are making money off of.
Their wisdom is freely available to you right here.
Sign up for the iWIN Real Estate Newsletter now so you never miss the practical wisdom we are already sending to thousands of investors in Ontario.