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Proud to be part of your community! Thursday, September 22, 2016 | 40 pages

Mane attraction Some 70 police riders and their horses paraded through downtown Kingston, Sept 16. Rob Mooy photo

City buys prime west end waterfront land for future park space By Bill Hutchins

News – The City of Kingston has added another jewel to its waterfront park system with a major land purchase near Lemoine Point. The city will pay $1.55 million to purchase 7.2 hectares (18.6 acres) of land at 1243 Front Road. “It’s a pretty unique property. This type of waterfront land doesn’t come for sale in Kingston very often,” said veteran commercial real estate broker Martin Skolnick. Skolnick, who works for Cushman & Wakefield, completed the sale on behalf of local philanthropists and United Way supporters John and Diana Weatherall, who have owned the Front Road property since the 1960s. “The seller was quite pleased the city was buying the land,” Skolnick added. The vacant west end land, featuring about 300 metres of water frontage, is located across the street from Norman Rogers Airport and near the southern entrance to the conservation area. Despite its prime location, the land has never been developed. “I’ve been selling real estate for 30 years and I’ve never sold a parcel like this one,” said Skolnick. He says the property, with magnificent views of Lake Ontario, quickly attracted widespread interest from the development community when it was first listed for sale about two and a half months ago. “Interested parties submitted offers. It wasn’t a bidding

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war,” he explained. The real estate firm marketed the site with the potential to develop up to 71 residential lots. “We had parties from Toronto and Kingston interested in subdivision or estate lots.” Skolnick says he also contacted city officials to see if they were interested in making an offer. “I was glad they acted as quickly as they did.” What may have tipped the balance in favour of the municipal offer over private development interests was the city’s intent to add the property to its public parks inventory, he added. “It’s more than just price we consider. There are factors like who’s the buyer, their ability to close the deal, any conditions of purchase. Those all go into the mix,” Skolnick explained. The city recently adopted a Waterfront Master Plan that lays out strategies to acquire important pieces of privately-owned waterfront land for future public access. The policy recommends spending nearly $65 million over the next 30 years to better connect residents to the city’s 280 kilometres of shoreline along Lake Ontario, the St. Lawrence River and the Rideau Canal system. Private lands around the southern portion of Lemoine Point are among those earmarked as “highly desirable” goals for either future acquisition or partnerships. The Front Road deal, which is expected to close in a couple of weeks, would be financed through municipal capital reserve fund.

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