The developer of Television City – two 32-story apartment towers in Hamilton’s Durand neighborhood – expects the delayed project to be built in late 2026.
And the preservation of a 172-year-old stone house on the former CHCH TV lot at Jackson Street West at Caroline Street South is part of the plan.
“This particular project is beautiful. It will be the most beautiful high-rise development in the city by far,” Brad Lamb told The Spectator of the 642-unit plan.
The hope is to demolish the former 1980s CHCH television studio building attached to the 1850 Grade II listed house this year, the Toronto-based developer said.
With a goal of starting construction thereafter, the project is expected to be “complete and occupied” by the end of 2026, Lamb said.
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“The building is basically sold out,” Lamb said, noting prices range from about $500,000 to $2 million.
The project received the city’s conditional site plan approval last year but has yet to be completed, he said.
Television City wasted time “arm wrestling with city politics,” but it’s also “sort of a refugee from COVID,” Lamb said, noting that the pandemic has also slowed the project.
Amid delays and rising costs, the company returned deposits to an initial cohort of potential buyers before resuming sales.
“It currently costs 25 percent more to build than the original sale,” Lamb said, noting that the increased project costs made financing more difficult.
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on Television City site starting tomorrow in order of demolition permit for 3 storey former CHCH building.
