McMaster Innovation Park wants more residential development. | RENX
A multi-residential housing component has always been planned for McMaster Innovation Park (MIP) in Hamilton, but now its developer wants more.
Current zoning permits residential uses on employment lands to amount to 8% of the overall gross floor area in up to two buildings. MIP, however, has asked City Council and Hamilton staff for permission to increase this figure to 15% and have 524 residential units in 26, 22 and 14 storey buildings.
“As the innovation park has evolved and density has increased for life sciences, the appropriate 15% GFA ratio has been requested as a review based on a residential study,” said Frances Grabowski. , vice president of development and design of the MIP. an email interview with RENX.
According to an article by The Hamilton Spectator.
McMaster Innovation Park prefers purpose-built rental
A 2021 residential study by B. Lyons identified the need for rental housing, not condominiums, in MIP, according to Grabowski. Young families and professionals are the target demographic, but no size or combination of units has been decided.
Grabowski said the intention was to partner with other developers to build the apartments, but that was also not finalized.
Other elements relating to the functional and cultural requirements of the MIP are also planned.
“This includes amenities, green spaces, connectivity, walking and biking trails, and related services to meet the needs of our park-wide community,” Grabowski said.
The MIP also works with the YWCA.
Expected timelines for approvals, construction and occupancy are still under review.
Innovation is in MIP’s name for a reason
MIP is pursuing an expansion of 2.8 million square feet in addition to its current 700,000 square feet to intensify life science innovation, commercialization and manufacturing.
This includes 1.3 million square feet of dedicated life science and lab space, including the 44 Frid St. location that is actively leased to lab users.
The 58-acre MIP site west of Hamilton overlooking Highway 403 is home to more than 100 companies in life sciences, engineering, advanced manufacturing and high technology.
“MIP’s proven ability to support and grow small and medium enterprises translates into faster, more economically efficient and lower risk investments for government and private investors,” said Grabowski.
The MIP is currently composed of:
– the 186,000 square foot The Atrium @MIP, which is occupied by more than 70 companies, at 175 Longwood Rd. S.;
– McMaster Automotive Resource Centre, which researches and tests cars, at 200 Longwood Rd. S.;
– CanmetMATERIALS, a research center specializing in the manufacture of metals and materials, at 183 Longwood Rd. S.;
– Hamilton Spectators old building, which has been upgraded to a life science-focused building with wet labs, at 44 Frid Street;
– The Glass Warehouse @MIP, a mixed-use facility including offices and labs, retail, beverage innovation center and art gallery at 606 Aberdeen Ave. ;
– BEAM Centre, headquarters of Fusion Pharmaceuticals, at 270 Longwood Rd. S.; and
– Gowling WLG @MIP, which will serve as the Hamilton office of the law firm Gowling WLG, at 191 Longwood Rd. S
It was announced on March 31 that Invest Ontario is providing OmniaBio Inc. with a loan of approximately $40 million for a new 250,000 square foot, $580 million biomanufacturing facility on Longwood Road, which will be part of the MIP.
One building should be completed in 2024 and the second a year later. The company should employ at least 250 people.
The Ontario government would like to see life sciences employment in the province grow by about 25% to 85,000 by 2030.