The City of Hamilton has announced that the launch date of the Pier 8 Request for Qualifications (RFQ) will be on April 18, 2017. The City’s West Harbour staff formally made the announcement earlier today at MIPIM (Le marché international des professionnels de l’immobilier), the world’s largest real estate exhibition taking place this week in France.
The RFQ is the first of a two-stage solicitation process that offers private developers the opportunity to purchase and build on 5.24 hectares of fully serviced, mixed-use lands that are integrated with a public recreational waterfront for which the City has prepared a $140 million, multi-year revitalization plan.
The development site has the potential to support approximately 1,500 residential units and 13,000 square metres of commercial and institutional space on nine development blocks that reach the water’s edge. The entire solicitation process is expected to conclude in 2018, with predevelopment activities commencing shortly thereafter.
The RFQ released on April 18 will invite interested bidders to submit information that substantiates their qualifications per the following criteria:
- Alignment with the City’s vision for Pier 8, as outlined in established planning policies
- Possessing the financial capacity and stability to execute and finance a large-scale, multi-phase development
- Demonstrating a proven track record of executing projects similar in nature to Pier 8
- Assembling a team that has the expertise to optimize the opportunity while delivering on the City’s desired outcomes.
“We look forward to bringing more information forward very soon on this exciting opportunity,” said Chris Phillips, senior advisor for planning and economic development at the City of Hamilton. “A proponent that brings innovative solutions that are aligned with the City’s vision for Pier 8 will hold a competitive edge in the solicitation process.”
The RFQ stage will end with the announcement of a shortlist of prequalified bidders who will exclusively be invited to participate in a Request for Proposals stage that will focus on conceptual proposals and financial bids.
To learn more about the Pier 8 solicitation process and the broader plans for the West Harbour precinct, please visit the project website at www.hamilton.ca/westharbour