The Colonnade Group of Companies has entered into an agreement to provide full leasing, development and construction related services for a 16.4 acre site south of Highway 417/Queensway in Ottawa’s rapidly expanding Kanata community. This future retail project, the Queensway West Retail Centre, is located immediately west of the existing Home Depot and has development capacity of approximately 140,000 square feet of retail. In addition, a portion of the site is slated for a potential hotel use, benefiting from the site’s close proximity to Scotiabank Place and the unique market opportunity it provides.

Kanata has become one of Ottawa’s most affluent and preferred residential and commercial locations and the retail development of this site will only add to that growth and success. Aided by more than 150 events per year at Scotiabank Place and traffic counts of approximately 60,000 vehicles daily on the Queensway and to the adjacent Home Depot and Costco, this site should attract a wide variety of national retailers.

This project is currently zoned and positioned for development in 2010.