Development

The draft plan of subdivision for the Steelport site in Hamilton includes a proposed Lagoonscape that will feature a regenerated biodiverse landscape that doubles as stormwater management infrastructure. Slate Asset Management has announced it has submitted an application for a draft plan of subdivision for its 800-acre Steelport site to the City of Hamilton, unveiling new details for the mixed-use industrial park on the former Stelco lands. The plan includes 684 acres of gross development area, 62 acres of public right-of-way, 91 acres of open space and amenity blocks and 23 acres of water bodies. Stelco Steel Mills will retain 78 acres for its operations. [...]

Welcome to Steelport, the newest standard-bearer for modern industry. A world-class industrial park connecting rail, road, and water in the historic port of Hamilton. The private equity firm, Slate Asset Management, behind the revitalization and redevelopment of Stelco’s Hamilton lands says it plans to submit its formal plans to the city in the coming months, with the first phase of development expected to start next year. As you know, Slate purchased the approximately 800-acre parcel of industrial land once dedicated to steelmaking in June 2022 in a $518-million deal, laying out their plans to transform it into a modern commercial [...]