The former site of the Sonesta resort may have found a potential buyer.A notice of acquisition of land in the Official Gazette yesterday stated that Bermudian company Sinky Bay Ltd was applying to Government for a licence “to hold as constructive trustee” the equitable interest of non-Bermudian company Berco Ltd in the South Shore property and buildings, including the former hotel dormitories, at 6 Sonesta Drive and 18 Sinky Bay Road.Berco Ltd is an investment company of the wealthy Green family, Peter, Alexander and Andrew.The Green family also owns the Fairmont Hamilton Princess, in which they planned to invest $50 million to upgrade, and they are behind the $100 million Waterloo House development on Pitt's Bay Road.Rego Sotheby's International Realty, as co-agent with Jones Lang LaSalle, are the exclusive agents for the 32-acre property, marketed as South Beaches Development.Rego Sotheby's International Realty declined to comment on whether a buyer had been found for the property.A spokesperson for the Green family said: “The Green family isn't going to be commenting on today's advert.”The property listing with the agents, which did not give any asking price, said it came with entitlements in place, including the right to construct a resort hotel, 88 residential units, 47 of which can be sold to non-Bermudians, a restaurant, tennis courts, existing structures can provide in-place workforce housing and there is an existing dive shop. The property has three beaches from east to west — Cross Bay, Sinky Bay and Boat Bay. It was put up for bid last October.Scout Real Estate, the US developer which bought the property in 2007, had planned to build a five-star resort there. But after demolishing the hotel, its plans for what it called the Southampton Beach Resort were scrapped. Lehman Brothers, the US investment bank which filed for bankruptcy protection during the 2008 financial crisis, had been the main financier of that $200 million project.