News Summary

Slate Asset Management has completed the resubmission of its application for a draft plan of subdivision on the Steelport site to the City of Hamilton. This 800-acre project aims to transform an underutilized port into one of Canada’s largest intermodal industrial hubs, potentially generating $3.8 billion in economic value and creating 23,000 jobs across the Greater Toronto and Hamilton Area. The updated plan retains the original proposals such as diverse landscapes, a Pipe Gallery main street, and the Battery creative hub. Modifications included changes to road right-of-ways and development blocks to optimize layout and traffic patterns. Preliminary grading and servicing will commence following the resubmission, with construction on phase one expected to start in the second half of 2025.