Modern Niagara Retrofits

Sector(s)
Green Infrastructure
Location(s)
Kingston, Ontario
Participation
$25 million
Partner(s)
Modern Niagara Group Inc.

Transforming a 220,000 square-foot commercial building into a sustainable innovation hub

Sustainable, energy efficient retrofits to help green an inefficient commercial building

Fast facts

Reduce carbon emissions by more than 80 per cent or approximately 2,000 tonnes annually
Replace aged operating and heating systems for greater energy efficiency
Transform the commercial space into a leading energy efficient and sustainable innovation hub

We are investing $25 million towards the energy retrofitting of a 220,000 square-foot commercial building in Kingston, Ontario, originally built in the 1940s.

Through the CIB’s financing, the commercial space will be upgraded to reduce carbon emissions by more than 80 per cent or approximately 2,000 tonnes annually.

Renewing existing and aged utility infrastructure will reduce carbon emissions and result in the creation of a modern, resilient and healthier building. It will also help attract prominent tenants to region, advancing economic opportunities.

Benefits of CIB Involvement

The CIB works with private sector real estate owners to modernize their infrastructure assets. The CIB’s upfront financing of the capital costs of building retrofits creates jobs, long-term energy savings and a low-carbon future.

Our financing will propel the project forward and enable a greener facility for years to come.

Learn more

Modern Niagara Group Inc.

We are looking forward to partnering with the Canada Infrastructure Bank to support our clients becoming greener and moving towards net-zero carbon buildings. This investment will help our client owners of 945 Princess Street achieve their sustainability goals more quickly and efficiently. We are passionate about building sustainability, and in 2022 alone, we are committed to reducing our carbon footprint from the energy consumption of our corporate office buildings in Ontario by 30%, based on 2019 benchmarks. We continue to be a trusted community partner, and offer our clients carbon reduction solutions to help them meet their building sustainability objectives.

Brad McAninch, Chief Executive Officer
Minister of Intergovernmental Affairs, Infrastructure and Communities

Energy retrofits of buildings are pivotal in removing carbon from the atmosphere. Through this innovative investment, the Canada Infrastructure Bank is building greener commercial spaces to create a more sustainable Canada and advance the creation of jobs. These upgrades will bring this facility up to the latest standards of energy efficiency and reduce operating costs.

Mark Gerretsen, Parliamentary Secretary to the Leader of the Government in the House of Commons and Member of Parliament for Kingston and the Islands on behalf of the Honourable Dominic LeBlanc