Trion Ketter Development Acquires Hi Point St Development Site For $7.35M

Trion Ketter Development has made another acquisition in the Hi Point St neighborhood. The development company recently purchased a development site located at 1500 Hi Point St for a total price of $7,350,000. This property is set to become a new community, with plans to build 58 units on the site. The price per unit for this transaction is $126,724, reflecting the value of the development opportunity. David Moghavem, a prominent figure in the real estate industry, shared an image of the property on his Instagram page.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $7,350,000
• Address: 1500 Hi Point St
• Units: 58
• Price Per Unit: $126,724

This acquisition is an addition to Trion Ketter Development's growing portfolio in the area. In January of this year, they acquired another property at 1556 Hi Point St, just a block south of the newly purchased site. They are currently in the process of constructing a 45-unit community on that property. With their continued investment in the neighborhood, Trion Ketter Development is playing a significant role in the growth and development of this community.