LiUNA, Fengate Asset Management and the Hi-Rise Group have opened two new purpose-built rental apartment towers in Hamilton.

A ribbon-cutting ceremony was held recently. Hamilton-based LiUNA is the Labourers’ International Union of North America. The LiUNA Pension Fund of Central and Eastern Canada (LPFCEC) is the lead investor with Toronto-based Fengate and Hi-Rise partnering on the construction.

Known as the King William, the 581-suite development is located at the corner of King Street East and Hughson Street North.

“With its completion, the King William joins the extensive list of LiUNA investments in Hamilton – which include the William Thomas, 75 James, and 500 Upper Wellington – that continue to advance the growth of the city,” said Joseph Mancinelli, who chairs LPFCEC, in a news release. 

The two 30-storey towers lie atop a four-storey podium with 12,000-square feet of retail space at ground level.

The complex contains a 40,000-square-foot amenity area that spans three floors and features fitness, wellness, recreation, and socializing spaces. Amenities include workout facilities, a spin studio, a yoga and stretch area, a meditation room, video and gaming hub, screening rooms, an outdoor rooftop pool and terrace, and private dining rooms. 

Jaime McKenna, president of Fengate’s real estate business, said the project marks another milestone for the three partners, who have collaborated on a number of development projects.

“We look forward to continuing our collaboration and development of much-needed housing supply in Hamilton and across the Greater Toronto Area,” she said.

Photo: Courtesy of Fengate Asset Management

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