• May 1, 2019
  • By dglatiotis
  • Comments Off on FairTradeWorks still hopes to start construction in 2019 of major development in downtown Belleville
  • in Inquinte News

FairTradeWorks still hopes to start construction in 2019 of major development in downtown Belleville

News, Quinte
Bill Holland
APRIL 02, 2019 - 1:34 PM

The company redeveloping the former Hotel Quinte site in downtown Belleville may not be able to get the shovels in the ground this year as early as officials had hoped.

FairTradeWorks, based in Vancouver, received site plan approval from City Hall last October, and President Jim Perkins said at the time the firm was eager to get construction started at Pinnacle and Bridge Streets.

The "sales end' handling pre-sales closed for a while during the harsh winter weather, and Perkins said he's looking forward to the Spring market, when he'll have a better idea of how many people are interested in any of the residential units.

About 10 of the 110 units in the six-story mixed-use project have been pre-sold, and FairTradeWorks needs around 75 per cent committed before construction can begin.

Perkins says another 10 to 20 potential buyers are also considering purchasing at The Pinnacle, and he hopes the company can break ground in late Summer.

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