Canadian investor snaps up 16th St. assemblage planned for luxury apartments

Northwest corner of 16th Street and Highland Avenue
Northwest corner of 16th Street and Highland Avenue

By Paul Dionne | Vizzda

Elliott Sud of Toronto, Canada and local multi-family developer, PB Bell Companies, have completed their acquisition of 6.18 acres of infill at the northwest corner of 16th Street and Highland Avenue. The three commercial properties existing on the site—including the recently-closed Pugzie’s sandwich shop—are slated to be razed to make way for a 250-unit luxury apartment complex. The purchase comes nearly a year after M3 Companies and PB Bell began entitlement work on the site.

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