Slate Asset Management has resubmitted its draft subdivision plan for its Steelport development project to the City of Hamilton.

At roughly 800 acres, Steelport aims to transform the city’s underutilized port into one of the largest, state-of-the-art intermodal industrial hubs in the country. The project is estimated to generate $3.8 billion in economic value and create 23,000 jobs across the Greater Toronto and Hamilton Area.

“We are proud to be advancing our ambitious vision for Steelport with this resubmission,” said Steven Dejonckheere, Managing Director at Slate. “Our master plan for this project aims to reflect the aspirations of a diverse group of Hamiltonians – including local community members, prospective tenants, municipal staff, and local government officials – to deliver an accessible, innovative, and thriving hub of employment and economic prosperity for the region for decades to come.”

Slate’s original application for a draft plan of subdivision, which it submitted in February 2024, unveiled a proposed layout of the property and details of the project’s master plan, inclusive of industrial blocks, as well as planned public spaces and community amenities.

The resubmitted plan retains all the original site proposals, including diverse landscapes providing increased access to nature and the waterfront, a Pipe Gallery ‘main street’ that will repurpose some of the site’s most impressive and historic industrial infrastructure, and the Battery, which is envisioned as a hub for the City’s creative production industry and celebrations of cultural heritage.

Refinements to the plan include minor changes to road right-of-ways and development blocks to further optimize site layout and traffic patterns. Preliminary grading and servicing work on the first road extension will follow the resubmission and lay the groundwork for the first phase of construction, which will focus on unlocking approximately 100 acres of land within the southeast portion of the site to accommodate existing demand for employment space in Hamilton.

Construction on phase one of the development is expected to begin in the second half of 2025.