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Brookfield Properties will break ground this summer on 5M, a four-acre mixed-use project in downtown, which will provide $76 million in public benefits to the SOMA neighborhood and the city.
Interest rate increases at the end of 2018 stalled the capital markets, but with interest rates remaining low this year, borrower demand has rebounded.
Taking advantage of the hot tourism market with nearly 15 million visitors per year, the dual-branded new-build Hyatt Centric and Hyatt Regency project will be situated immediately opposite the Fallsview Casino, The Skylon Tower and the 5,000-seat performing arts center that is currently under construction.