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Concession Street
It’s happening here!
The idea of a well-established ‘new frontier’ might sound paradoxical, but on Concession Street it has become a reality. With the steady flow of interest in Hamilton in the last decade, both commercial and residential, the downtown core has become saturated, resulting in lack of space and high property costs. Thanks to this, the Hamilton Mountain has become the spot to be for hip, exciting and engaging businesses looking either to establish themselves or expand into a new market.
The Concession Street Business Improvement Area is an active and engaged community of businesses, unified in the goal of improving and stimulating business on the Hamilton Mountain by providing service to customers and business owners alike. The BIA organizers, property owners and the city aim to help business owners enter the area and establish themselves easily, helping new businesses to integrate into the community with monetary incentives and early assistance. Further, the Concession Street community itself aids business in its walkability, it’s natural and community appeal to consumers and it’s existing feeder hubs in the hospital, the anchor businesses and the amenities.
The opportunities afforded businesses by the Concession Street corridor cannot be understated, as the existing commercial community and residential population in the immediate vicinity create an atmosphere of support, community and success.
It's Happening
The Concession Street BIA corridor provides new and expanding businesses a spot to succeed, with an existing customer base, residential backing and a number of other prime opportunities for sustained success in the long term. By choosing this location, business owners start with both feet already on the ground with support from the city, the local BIA, fellow business owners and customers in a commercial area with proven growth and a focused and dedicated business community.
- Established anchor businesses with years of success and city-wide draw and beyond.
- Staple business presence from Tim Hortons and Shoppers Drug Mart.
- Financial incentives for new business provided by city and participating landlords.
- Active vacancies carry low costs per square foot.
- Existing substantial residential backing of young and engaged citizen customers.
- Juravinski Hospital feeder hub, provides new & returning customers on a daily basis.
- Walkable community with parks at either end, providing on-foot customers.
- Existing health and fitness businesses and the natural attraction of the escarpment attract healthy lifestyle-oriented customers.
- Large exterior and interior overhaul of existing business in the last 10 years has modernized and revitalized the streets exterior.
- More than 4% average annual growth in assessed business value between 2010 & 2015.
- Concession Street forms the oldest shopping district corridor on the mountain.
- Annual organized events and streetfests attract new and returning customers from Hamilton and the GTA.
The attention of the BIA and the focus on business growth on Concession Street has and continues to provide massive support for new businesses to the area. Between 2010 and 2015, $250,000 in incentives and grants have been provided to businesses, in the form of rent-free periods, buildout costs and more. Concurrently, during the same period, there have been more than $1.4 Million in Commercial Building Permits granted within the BIA, evidencing a positive relationship between incentivization and business growth and success.
The existing restaurant and commercial businesses provide both evidence of success in the area as well as proven research into peak times, spending habits and visit frequency throughout the week. New businesses will have the support of staple institutions drawing traffic from all over the city and beyond, as well as the ability to determine when key anchor businesses are busiest and create synergistic customer draw in order to succeed.
Concession Street is situated with 5.5 Million people inside of a one-hour commute window, and more importantly, neighbours a large residential presence on the Hamilton’s uptown. With over 40,000 households in the immediate vicinity of uptown and downtown, Concession Street boasts a large permanent population, largely between the ages of 20 and 50, providing car and walking traffic on a daily basis.
Juravinski Hospital is a massive feeder hub within the Concession Street BIA impact area. The hospital provides 124,000 patient days and sees upwards of 200,000 visitors every year, providing a steady, daily stream of customers in need for restaurants and businesses.
Property Sheets
Permitted uses
For a list of permitted uses for the property click the button below to download.
For further information and verification contact the city.
Permitted uses
For a list of permitted uses for the property click the button below to download.
For further information and verification contact the city.
Permitted uses
For a list of permitted uses for the property click the button below to download.
For further information and verification contact the city.
Permitted uses
For a list of permitted uses for the property click the button below to download.
For further information and verification contact the city.