The city of Hamilton has approved a plan to rejuvenate its coast with a massive project, joining similar initiatives from other municipalities such as Toronto. Waterfront Shores Corporation will develop the western front of the city on Pier 8, a 5.24-hectare site comprised of 20 buildings that will become one of the most walkable neighborhoods in the region. The development will have more than 1,500 residential units to be built in 10 phases and, according to executive members, the coastal rejuvenation of the GTA and the Hamilton area will redefine the coast and make it a popular place to live. For most municipalities, Toronto is also an example of that, the last part of its urban development has been its water fronts, said Sam Crignano. People want to be by the lake and have roads to walk, and many municipalities have realized the richness of their water fronts and what they can be. It started in Toronto and is spreading to Mississauga. , Oakville, Burlington and now Hamilton. With only so many units available and the convenience of lakefront living, Pier 8 could easily become Hamilton's most popular area. In addition, Waterfront Shores strives to pay tribute to Hamilton's history of steelmaking, while implementing the principles of 21st century ecodesign. All of our pedestrian walkways lead to the lake, so there is permeability from our development to the water's edge, which we believe is very important, not only for our residents, but for all those who come to enjoy the promenade, he said. Crignano. For a long time, it was not a place that people were very keen to go to, so we are very excited to participate in the rebirth of that coastline and the gentrification of the neighborhood. Waterfront Shores aims for LEED Gold certification, which will keep maintenance rates lower and potentially generate higher return on investments. The consortium also took the opportunity to give a local part in the development process of Pier 8. Having grown up in Hamilton, I am extremely excited to be a part of this incredible development, said Bruce Kuwabara, Partner at KPMB Architects. At Pier 8, we will create a series of modern, progressive buildings in a diverse and accessible neighborhood that is the future of urban life, celebrate Hamilton's industrial roots and embrace his future of culture and creativity." In particular, I am thrilled to know that the cities around Toronto strive to grow and achieve the high standards of living for Ontario residents, while at the same time easing the demand for real estate, thus stabilizing current property costs. Thinking of investing in Hamilton or any other GTA city? Contact me and we will offer you the best advice in real estate.