One Clinton Park will have 352 market-rate apartments and more than 13,000 square feet of retail space.
The Margo is the final phase of the The Canals at Grand Park development in Frisco, Texas.
The sale of the Bellevue property is the metro’s biggest multifamily deal since last summer.
The 340-unit apartment community is part of a three-phase, 1,100-unit multifamily development on the city’s north side.
In the wake of a challenging 2020, the borough’s rental market is nonetheless eyeing recovery.
Despite declining rents, the market’s active development pipeline could signal confidence in the metro’s long-term recovery.
Developed by Pan-Brothers Associates and Valyrian Capital, Graydon Chelsea is a boutique-style building that rises 15 stories in the borough’s Chelsea neighborhood.
The sale of the Bellevue property is the metro’s biggest multifamily deal since last summer.
