$42.7 million for the same period in 2018.
$42.7 million for the same period in 2018.
A major condominium project in Downtown Belleville has been given the go-ahead to proceed with the next phase of construction.
Site plan approval has been awarded for “The Pinnacle”, being built at the corner of Bridge Street and Pinnacle Street, the site of the former Hotel Quinte.
Developer FairTradeWorks is putting up the six-story mixed-use project, which will include 110 units ranging between 650 square feet and 1,280 square feet.
It will also include underground parking, dog washing and car charging stations, with retail space on the ground level.
FairTradeWorks President Jim Perkins says in a press release people who bought pre-sale units will be asked to finalize their paperwork and the next step is to have building permits issued by the City of Belleville.
March 20, 2018 by Nicole Kleinsteuber
Jim Perkins, president and CEO of Fair Trade Works unveils his company's plans for developments within the Quinte Region at the Empire Theatre on Tuesday March 20, 2018. NICOLE KLEINSTEUBER/INQUINTE.CA
A developer looking to breathe new life into a long-time vacant piece of property in Belleville also has plans to build a housing complex for seniors in Madoc.
Realtors got a first-hand look at 'The Pinnacle' showroom on Tuesday complete with floorplans of the $50 million, six-story building. The 110 unit condo will stand where the former Quinte Hotel in Belleville used to sit. The lot, located on the northeast corner of Bridge and Pinnacle has been vacant since Dec. 2012 when the Quinte Hotel burned.
Jim Perkins, president and CEO of Fair Trade Works, told the crowd at the Empire Theatre his team hopes to get shovels in the ground this summer because there is a need for inventory in the local housing market.
“This kind of inventory is not available right now so just the quality that we are going to bring and the amenities, it is exciting in general,” he said. “It is really bringing a new twist and flare and rejuvenation downtown Belleville needs.”
Mark Rashotte with Royal LePage said with the Century Place condos recently sold this boost in residential units ‘is going to make a huge difference’ in the core.
The Pinnacle units range in price from $205,000 to $507,000. The Pinnacle includes 5565 feet of courtyard and outdoor kitchen space, a meeting/party room, two lobbies, three elevators, underground parking, a car wash, an electric car charging station and a dog washing station.
Perkins, who is originally from Vancouver, admitted at first he wasn’t aware of the rich history that was encased within the former halls of the Quinte Hotel. From the music and the cast of characters who once called the favoured watering hole home, Perkins said he learned about it after the sale. Then he made a point of hiring an architect with a heritage background to develop the site plans. They have applied for site plan approvals through the City.
“We can’t duplicate that (Quinte Hotel) but we put time and effort in it that will fit with the local landscape,” he said.
The Pinnacle isn’t the only development Perkins has on the go in the Quinte Region. He has invested tens of millions of dollars and said that is just part of their business plan.
“This is just the infant stage of what we are proposing for this region and surrounding region,” he said. Currently a seniors living development is under construction in Marmora. An $80 million luxury living and resort development is planned for Marmora along with a $30 million multi-use development.
Perkins also announced they purchased a property at 56 and 64 Durham Street in downtown Madoc where they will build a seniors housing complex next year with 20-22 residential units. He called the decision to get into Madoc a ‘no-brainer’ because the need for housing is there. His company has been working with Centre Hastings Mayor Tom Deline for quite some time.
“He understands what is needed for his town to help drive it forward and help us jump hurdles that developers get scared of in this region,” he said.
“This is a great thing for us,” said Deline. “Putting retirees or families right in the corridor and a couple of nice little commercial spots within walking distance of everything.”
He pointed to the new medical centre coming to the core stating this adds to the appeal for early retirees looking to sell their home and move to Madoc.
“We want everybody to know we are open for business,” said Deline.
Perkins said they hope to start construction next year. The plans still have to come before Hastings County council.
March 20th, 2018 by John Spitters
Mayor of Centre Hastings Tom Deline at county council.(Photo/Mary Thomas/Quinte News)
There should be a major change in the heart of downtown Madoc soon. At a presentation to realtors focused on the proposed six-storey commercial/condominium building to be located on the former site of the Hotel Quinte in Belleville it was announced that the developer FairTradeWorks had just purchased the property now known as the Village Square.
FairTradeWorks plans to build a seniors apartment building with around 22 units plus some commercial/retail space on the land at 56-64 Durham Street, now mostly vacant and known as the Village Square.
The mayor of Centre Hastings Tom Deline says the project is exactly what the community needs and will be a very welcome addition to the downtown.
Detailed planning for the project has just begun, but Mayor Deline says he doesn’t expect much delay from Hastings County’s Planning Department or council after a detailed site plan is presented.
March 15th, 2018 by John Spitters
Artist’s rendering of the courtyard and BBQ area at The Pinnacle condominium/commercial building now going through Belleville’s planning process before a final decision by council. (Photo: FairTradeWorks).
Plans have yet to be approved, but according to the developers, there has been a lot of interest in a retail/commercial/condominium project proposed for downtown Belleville.
Representatives with FairTradeWorks say hundreds of people have already expressed interest in attending a launch and presale event at the Empire Theatre on Thursday, March 22.
The company is planning a six-storey building to be known as The Pinnacle, at the site where the Hotel Quinte once stood.
The ground floor would be commercial, with the five above holding 110 well appointed condominiums ranging from studios to two bedrooms.
March 20th, 2018 by John Spitters
CEO of construction project management company FairTradeWorks Jim Perkins speaking to local realtors at the Empire Theatre Tuesday, March 20/18. (Photo/John Spitters/Quinte News)
Local realtors are locked and loaded and ready to help fill a proposed upscale condominium development in the heart of downtown Belleville.
CEO of construction project management company FairTradeWorks Jim Perkins described the six-storey building to be built on the former site of the Hotel Quinte to about 50 realtors Tuesday afternoon at the Empire Theatre.
The ground floor of the building would be set aside for retail/commercial development with the other five storeys holding 110 condos, ranging from studios to two-bedroom suites. Sixty of the units would be well appointed two-bedroom units.
Among the features would be a raised outdoor BBQ area with free wifi, a car wash, a dog washing station, and a meeting/party room.
Prices will range from $205,000 to $507,000. Condo fees would run from under $200 to $370 a month.
CEO Perkins says detailed site plans should be in the hands of City of Belleville planning staff very soon, and after city approval and as soon as phase 1, or about 70 units, are pre-sold, construction will begin. He believes shovels could be in the ground as early as summer.
A showroom featuring a lifelike facade and a finished two-bedroom condo unit are open to the public now and is at 360 Pinnacle Street at the back of the Royal LePage building.
Perkins says downtown Belleville and the Quinte region as a whole is a great location and will attract not only locals wanting to downsize but people looking to retire from the GTA area.
The senior population is a fast growing cohort and Perkins expects demand to be intense.
The public is invited to learn about The Pinnacle at an event Thursday evening at the Empire Theatre beginning at 7 o’clock.
Meanwhile, the company has renovated one heritage building in downtown Marmora as a professional building and is almost done with a seniors apartment building, both in the downtown core.
Other resort and commercial projects are planned near Marmora and on Crowe Lake.
FairTradeWorks has handled many projects, big and small, in British Columbia and has been operating in Ontario since 2014. The company has 26 employees. It has won several Better Business Bureau awards for its work in western Canada.