The sale of the Empire lot has been confirmed with a closing date of June, according to Toronto listing agent Alex Hayward of Harvey Kalles Real Estate Ltd.
The lot, located at the corner of Main and Centre, where the Empire Hotel once stood, is a prominent property in downtown Huntsville that was once filled with much-needed residential as well as retail units. It succumbed to a fire just before Thanksgiving in October 2009 and has sat fallow for years.
Hayward confirmed that it has sold “firm” for $950,000.
He said he thinks one of the buyers is local and the other from Toronto.
“The buyers are still working on their plans for the site,” he said, adding that he could not confirm the nature of the development—whether it would be commercial, residential, or a combination of both—and said the buyers’ names “would be revealed in due course.”
Don’t miss out on Doppler!
Sign up here to receive our email digest with links to our most recent stories.
Local news in your inbox three times per week!