"The long awaited sale of the site of the former GM assembly plant to Lighthouse Landing Venture LLV was completed today," Wray said in a post dated Dec. 23.
SunCal of Irvine, Calif., and Diversified Realty Advisors of Summit, N.J., paid $39.5 million for the former industrial site, according to LoHud.com.
The site will be rezoned and turned into a mixed-use development, including 1,177 residential units, 135,000 square feet of retail, a 140-room hotel and a 16.1-acre waterfront park, reported LoHud.com.
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