Here’s how much the group paid for the property.
Source: www.bizjournals.com
Florida based Altman Cos. paid just more than $8 million for a 2.5-acre site near Oxford Exchange bound by Grand Central Avenue to the north and Cleveland Street to the south, Cedar Street to the east and Magnolia Street to the west. The mid-rise project named Altis Grand Central will include 314 units and 10,000 square feet of commercial space. The project was met with initial resistance from the community regarding the size and design, but Altman persevered and worked with community stakeholders to come up with a new plan which fits in well within the neighborhood.