Former Quinte Hotel site set for condos
On Saturday construction services and development company, FairTradeWorks, released that it had closed the deal on the former site of the Quinte Hotel.
“We are glad to finally share our excitement with the city and its residents,” stated company president, Jim Perkins, adding there is a market for new condos in downtown Belleville in conjunction with new retail space.
“We know many people had great ideas about what should happen with the site,” he stated. “We listened to the ideas but it all came down to feasibility and whether the project made good financial sense.”
Current plans are for a condo building with one and two bedroom modern suites with amenities along with retail spaces at street level.
Perkins said the condos will be quality built, modern and centrally located, adding that downtown living in the major city centres is “the place to be as it is the heartbeat of the community”.
Perkins said the architectural process has already started and, once it is complete, will be presented to the city for feedback. He also pointed out all new developments take time to negotiate to ensure the structures meet city as well as real estate requirements. Only after plans have been approved, can construction begin and pre-sales start.
The project site at the corner of Bridge and Pinnacle has been vacant since the Quinte Hotel burned in December 2012.
FairTradeWorks is also currently building a $2 million senior’s living building in Marmora. The 10- unit, 65+ building is expected to be available for rent next spring and will be called ‘The Bleeckers’. It will also have a 2345 sq. ft. retail space available for lease.