With landmark fight over, developer closes on purchase of Carmen Court
BusinessDen file)
Carmen Court has sold.
The condominium complex at 900 E. 1st Ave., just off Speer Boulevard, was purchased last week by Houston-based developer Hines.
According to public records, the company paid $1 million each for the complex’s six units so $6 million total in order to secure the entire building and the approximately 0.4-acre lot it sits on.
Hines also purchased three single-family homes to the south of the Carmen Court property, paying a combined $2.8 million for those lots.
In sum, that means Hines paid $8.8 million for about two-thirds of an acre, or approximately $300 a square foot. Broker Roche Fore of Roche & Company represented the sellers in the deal.