Montreal Street brownfield to be remediated by developer - Montreal Street brownfield to be remediated by developer
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null Montreal Street brownfield to be remediated by developer
June 17, 2016
The City of Kingston has transferred its largest abandoned brownfield – the former I. Cohen & Sons property on Montreal and Railway streets – to PNHD Development Inc. for remediation and redevelopment.
"This is a very large brownfield site in the old industrial area located close to downtown – so returning it to productive use is a significant win for this area and Kingston's economy. Redevelopment of this property should help revitalize this area now being re-envisioned as part of the North King's Town secondary planning process," says Paul MacLatchy, director of environment and sustainable initiatives.
The 7-acre property has been vacant and under-used for the last 23 years and has been the subject of three failed tax sale request for proposals.
The third time was the charm: PNHD Development Inc. submitted its successful proposal and will remediate the lands to Ministry of the Environment & Climate Change standards. After remediation, it plans to develop the property in phases.
"We are very excited about the opportunity to help revitalize this part of Kingston and look forward to the challenges ahead. On behalf of PNHD Developments, we would like to thank the City staff for all their hard work in getting this deal finalized," says Ben Pilon of PNHD Developments.
Initially, it will construct 30,000 to 50,000 square feet of new light industrial, commercial and office space.
PNHD hopes to attract entrepreneurs with new ideas and technologies to start-up and grow their businesses by offering tenant companies access to common shared services located on the property. Planned amenities will include a central hub space with shared services such as reception, board rooms, printer, and loading docks.
Eventually, PNHD expects to offer 115,000 to 225,000 square feet for future development based on market demands.
About the City of Kingston
The City of Kingston provides municipal services to 125,000 residents living in this visually stunning, historic city, often ranked one of the best places to live in Canada. Kingston is focusing on being smart and livable as it pursues its vision to become Canada's most sustainable city. We focus on environmental responsibility, social equity, economic health and cultural vitality –ensuring that today's decisions don't compromise our future. Please visit www.CityofKingston.ca and join the conversation on social media.
Media contact: For more information call the communications department at 613-546-4291, ext. 2300.