Hubbell Realty Co. has sold two of its multifamily projects in the Bridge District townhouse and apartment development located east of the Des Moines River and north of Des Moines’ popular East Village district, Polk County real estate transactions show.
Velocity, a 115-unit apartment complex at 200 Des Moines St., was sold for $27.3 million and Verve, a 128-unit apartment high rise at 225 E. Center St., was sold for $24.5 million.
Velocity, a 115-unit apartment complex at 200 Des Moines St., was sold for $27.3 million and Verve, a 128-unit apartment high rise at 225 E. Center St., was sold for $24.5 million.
The sales highlight the continued demand from real estate investment entities for high-value multifamily products.
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