A 345-unit apartment tower in the Grandscape development of The Colony, Texas was recently purchased by Manhattan-based Beachwold Residential with a $76 million loan from PGIM Real Estate. Northmarq Capital acted as broker for the sale.
The Live Grandscape offers amenities such as pools, exercise facilities, dog park, indoor recreation room and theater and coworking space. Monthly rent starts at $1,600 and can reach up to $5,500 per month. The building is located south of SH 121 near Nebraska Furniture Mart .
Grandscape is an outdoor environment created by Berkshire Hathaway that spans over 400 acres featuring more than 3.9 million square feet of retail outlets , entertainment venues , residential units , dining establishments and attractions . It includes landscaping elements such as patio-style seating areas along with modern technology displays plus an open green area complete with large pavilion .
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