601 Barton Street E, Hamilton_Brochure

Downtown Hamilton

offering aboutTHE

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Shoppers Drug Mart

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On behalf of GlassRatner Restructuring Inc. .as Court-Appointed Receiver and not in its personal capacity, CBRE’s Land Services Group is pleased to offer for sale the Gibson School (the “Building”), a unique residential conversion project located at 601 Barton Street East, in Hamilton (known as the “Site”, “Property” or “Project”). The Gibson School is a Property of Cultural Heritage value with the main portion of the building being constructed in 1914 and operating as a school until 2009. There was an addition made to southern portion of the building in 1963 with the construction of a gymnasium and an administrative wing. The building contains a gross floor area (GFA) of ±37,100 sq. ft. with a basement containing an additional ±15,900 sq. ft. situated on 1.22 acres of land. The Site was planned as a conversion project where the existing school would be converted into 47 loft-style units ranging in size from 500 sq. ft. to 1,400 sq. ft. consisting of studio, one-bedroom, two-bedroom, and live/work or townhouse style units. The Project was planned to incorporate the existing historical elements of the school including the original floors and brick walls throughout the building. All parking for the Project was planned to be provided at-grade through the use of the existing school yard and a new parking lot at the southwest corner of the Site. The conversion of the school has commenced with the removal of all interior school fixturing including the drop-ceilings and plaster from the brick walls. Other work that has commenced includes the installation of new windows, interior framing and the strengthening of the roof. The Property represents a rarely offered conversion project where construction has begun allowing a purchaser to continue with the planned conversion project or pivot towards an alternative use.

Powell Park

601

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