The locally based developer isn't disclosing the contracted price, but at the same time, company officials aren't denying to GlobeSt.com the number is at least $30 million. That would make the parcel come in at about $2.17 million per acre or $50 per sf.
Holder bought the land from Bermuda-based Overseas Capital, which purchased the dirt for an undisclosed sum from MetLife and metro-based Taylor & Mathis. In a telephone interview with GlobeSt.com, Holder chief operating officer Scott Taylor wouldn't confirm the purchase price or say what commercial project is planned for the newly-acquired site.
"One of the options being discussed is a mixed-use project that includes retail, residential and office," Taylor says. The office component, however, will be "on a much different scale" from the 1980s master plan, the Holder executive says. That plan called for the development of 3.7 million sf of office in four towers and a 400-room hotel.
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