Longwell Company purchases bank owned Avalon Apartments | Business

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Longwell Company purchases bank owned Avalon Apartments
Business

We just spoke with Stanley Xu, president of Longwell Company, who confirmed that the Bellevue company has purchased the partially-constructed Avalon Apartments.

According to Xu, they paid $4 million cash and closed the deal on June 8.

Construction on the previously bank-owned property is about half-way complete. Xu says the project should be finished in 6 months.

It has been renamed CT House Apartment.

Photos courtesy Longwell Company.

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