A vacant former knitting mill in Hamilton’s poorest neighbourhood is the first purchase of a unique partnership between the city and a private equity company.
Hamilton Realty Capital Corporation bought the Cannon Knitting Mills at Mary and Cannon streets in the Beasley neighbourhood for an undisclosed price in January. Environmental assessments and rezoning applications are under way as the developer and a team led by local architect David Premi determine the best and most feasible uses for the property.
Those possibilities include residential, retail, office space, artists’ studios, museum space, a post-secondary campus or maybe a mix of all of that.
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