Modern Niagara opens Kingston innovation hub
Thanks to almost $70 million in renovation and decarbonization expenses, Kingston’s new sustainable innovation hub is now open.
The project to repair and convert the 230,000-square-foot facility at 945 Princess Street was led by Modern Niagara.
The new space is designed to accelerate innovation and collaboration for leading companies across diverse sectors. Key features include wet labs, shared analytical equipment, piloting bays, pre-manufacturing space, an on-site machine shop, access to co-working space, and a community event space.
"Investing in Kingston and the transformation of 945 Princess Street aligns with Modern Niagara's mission to lead the charge in sustainable innovation,” said Brad McAninch, CEO and President of Construction, Modern Niagara. “Kingston's rich history and growing role as a technology hub made it the perfect location for this project. We are excited to be part of a community that values environmental stewardship and forward-thinking development. This facility will not only drive economic growth but also set new standards for energy efficiency and carbon reduction in commercial buildings.”
Modern Niagara's energy-efficient upgrades to the building are expected to reduce carbon emissions by more than 80 per cent or approximately 2,000 tonnes annually, with a long-term goal of achieving net-zero carbon status.
Through its Building Retrofits Initiative, the Canada Infrastructure Bank (CIB) committed $25 million in funding towards the building retrofit.
"Today we celebrate the opening of 945 Princess Street in Kingston, Ontario. The project was completed using a loan from our Building Retrofits Initiative. The modern, sustainable innovation centre will see carbon emissions reduced by more than 80 per cent and will attract jobs and prominent tenants to the community for years to come," added Ehren Cory, CEO, Canada Infrastructure Bank.
As a leader in sustainable building solutions, Modern Niagara's transformation of 945 Princess Street exemplifies their commitment to advancing innovative development while reducing environmental impact.