Kingston Development Site Permitting Up to 20 Storeys Sold to International Real Estate Developer

Rockwell Commercial is pleased to announce the successful sale of a significant redevelopment site located at 170 Colborne Street in Kingston, Ontario. This ± 1.42 acre site represents one of the largest student-focused redevelopment opportunities in Kingston and is expected to play a pivotal role in the continued growth of the Williamsville area and downtown Kingston as a whole. This transaction reflects the growing demand for modern housing in the heart of Kingston.

"We are thrilled to have facilitated the sale of such a prominent property," said Peter Kostogiannis, Broker of Record & President at Rockwell Commercial. "This project directly contributes to Kingston's ongoing efforts to address housing demand while fostering sustainable growth. We look forward to seeing the transformative impact this development will have on the community."

The site’s strategic location offers easy access to Queen’s University, Downtown Kingston, the student entertainment hub, restaurants, grocery, personal services and public transit options making it an ideal spot for residents seeking both convenience and connectivity. With Kingston experiencing rapid population growth and an increasing need for urban housing, this development is expected to attract a wide range of tenants and contribute to the local economy.

The sale was brokered by Rockwell Commercial and Cushman & Wakefield, who worked closely with both the buyer and seller to ensure a smooth and successful transaction. Co-listing broker, Scott Botting, said of the transaction, “given its location and the critical mass that this site can accommodate, we had several national and international developers express interest, with a desire to enter Kingston’s student housing market. We are thrilled that the buyer has acquired this site to add more housing in Kingston, which also allows the seller to eventually relocate to a more suitable facility."

For more information on this transaction or to learn more about Rockwell Commercial's services, please contact Peter Kostogiannis, Broker of Record & President or Scott Botting, Broker at +1 613 542 2724 or visit www.rockwellcre.com.

About Rockwell Commercial Real Estate, Brokerage Rockwell Commercial is a full-service real estate brokerage, assisting clients with buying, selling, or leasing office, retail, industrial, multi-residential, and mixed-use real estate, as well as investment analysis and sales, landlord and tenant representation, and property management services. Our team has deep knowledge of the market influences, people, prices, and inventory in our regions, which include the eastern Ontario 401 corridor between Cobourg and Cornwall, as well as Peterborough and Prince Edward County. Many of our transactions are executed between Quinte West and Brockville.