The development includes a pool, a Jacuzzi and a fitness center. There also are some views for about 40% of the units. The development broke ground in July and should be completed in December. About half of the project has been completed and, despite the high-end pricing, the units are reportedly leasing up thanks to little competition in the area at that price point.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.