GEOcentral Launch: Kingston's Landmark Geo-Exchange Building
Grand Opening of GEOcentral: Pioneering Sustainable Living
Podium Developments has proudly introduced GEOcentral, an exceptional rental building that sets a new standard in sustainable urban living. Officially opened in Kingston, this groundbreaking development represents a significant milestone in the region's commitment to eco-friendly and innovative housing solutions.
An Innovative Geo-Exchange System
GEOcentral is the first residential property in Kingston to utilize a geo-exchange heating and cooling system. This advanced technology not only minimizes energy consumption but also reflects the city’s dedication to greener living, perfectly aligning with local climate action goals.
Design and Features
The new structure boasts 10 stories, comprising over 250,000 square feet dedicated to residential living and more than 10,500 square feet for commercial use. Within its 344 apartments—ranging from cozy studios to spacious four-bedroom units—future residents will enjoy a harmonious blend of comfort and sustainability.
Community and Amenities
GEOcentral is not just a place to live; it is a vibrant community hub. The property includes seven retail spaces facing a beautifully landscaped boulevard on Princess Street, inviting both residents and visitors to experience urban living in a fresh, eco-conscious manner. Beyond the impressive living spaces, the building incorporates a range of amenities designed to enhance the quality of life for its residents.
Commitment to Health and Wellness
This remarkable project is distinguished by its 2-Star Fitwel rating, demonstrating Potium's commitment to health and well-being. Features such as lounges, work/study rooms, a rooftop terrace, and a state-of-the-art gym—complete with a regulation-size squash court—create an inspiring environment where residents can thrive.
Future Developments
The dedication to sustainable living continues with plans for another geo-exchange project, GEOpark, located nearby at 485 Albert Street. This upcoming development aims to achieve CaGBC Zero Carbon Design certification, solidifying Kingston’s position as a leader in sustainable housing.
Voices of Leadership
“This project is more than just a building; it’s a step forward in sustainable, modern living for Kingston,” stated Bernard Luttmer, Managing Director of Podium Developments. His vision for the future includes more geo-exchange projects, reaffirming that Kingston's geological advantages are perfect for such innovative infrastructure.
About Podium Developments and Partners
Since its inception in 2004, Podium Developments has established itself as a leader in Ontario's rental community sector. With a focus on sustainability, the company has surpassed $2 billion in residential development, showcasing its commitment to quality and community impact.
Secure Capital
Secure Capital, established in 2001, is an experienced real estate investment manager headquartered in Toronto. The company has a rich history of successfully transacting and managing a vast portfolio of assets across Canada and the U.S., totaling over $10 billion.
Blue Vista Capital Management
A prominent investment management firm from Chicago, Blue Vista focuses on maximizing investor returns through innovative real estate strategies. Since 2002, the firm has successfully managed over $13 billion, emphasizing a relationship-centered, client-driven approach.
Vast Collaboration in Development
With partners like Vestcor Inc., comprised of over 140 New Brunswick professionals specializing in cost-effective investment management, and OPTrust, one of Canada’s largest pension funds with $25 billion in assets, the collaboration reflects a pooling of expert resources. OPTrust is dedicated to responsible investments, ensuring their strategy encompasses a variety of asset classes globally.
Frequently Asked Questions
What is GEOcentral?
GEOcentral is Kingston's first geo-exchange rental building, featuring sustainable living solutions and modern amenities.
How does the geo-exchange system benefit residents?
This system promotes energy efficiency, reducing heating and cooling costs while supporting eco-friendly living.
What amenities can residents expect at GEOcentral?
Residents can enjoy lounges, a rooftop terrace, a gym with a squash court, and access to retail spaces.
What future projects does Podium Developments have?
The company plans to develop GEOpark, which aims to achieve the CaGBC Zero Carbon Design certification.
Who are the partners involved in this project?
Key partners include Secure Capital, Blue Vista, Vestcor Inc., and OPTrust, all leaders in their respective fields.
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