Naples Architect Buys Former Montage Site

CitiTower highrise apartments near Lake Eola in downtown Orlando. The property on 101 Lake Ave. previously had been planned for a 19-story, 181-unit apartment called the Montage but that project emerged just as the real estate bubble burst in 2007 and Northwestern Mutual Life Insurance took it 2009, property records show. This week, the insurance company sold it to East SDG CitiTower LLC for $5.4 million, records show. The buyer is affiliated with Albert Soco, who said that he had no immediate comment about plans to build apartments there. As proposed, the new project would have 25 stories and 236 units.   Source:  Orlando Sentinel]]>

Share and Enjoy:
  • Print
  • Facebook
  • LinkedIn
  • Twitter
 

-------------------------

Get the latest industry news and information from CRE-sources delivered right to your email inbox!

And we promise…no more than one email each morning.

CLICK HERE TO SUBSCRIBE TODAY!

 
0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.