A highrise condo with hundreds of units planned for a boarded-up downtown Hamilton strip mall is the latest casualty of a market slump that has ground the sector to a halt.

Slate Asset Management says its 27-storey, mixed-use plan for the former Corktown Plaza off John Street South — part of one of the city’s larger multi-tower projects in the core — has been scrapped due to the challenging conditions.

The hope was that the “exciting project” would “bring new energy and opportunity to the vibrant Corktown neighbourhood,” a spokesperson for the global investment firm told The Spectator in an emailed statement.

But market factors, “including economic and political uncertainty, changing global trade policies, and a higher interest rate environment, have impacted the pace of home sales ac

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