The owners of the Hotel Quinte property in downtown Belleville have accepted an offer to buy the vacant land.
Sean Mckinney of RE/MAX Quinte says 3 offers were made to buy the Hotel Quinte property.
The Toronto area owners of the property have accepted one offer from a British Columbia company, but the deal won’t close until the buyer receives approval to go ahead with the development proposed.
It’s not known what that proposal is.
Realtor McKinney says one of the proposals rejected was for a major condominium development.
The conditional offer the owners accepted was higher than the asking price of $799,000.
The development proposal is expected to be presented to City of Belleville staff in the near future.