Pine Grove condominium owners are set to open a new condominium in the neighborhood that is being built by an American-based company.
The Condominium Corporation of America announced Monday that the Pine Grove Hills Condominium Association (PCHCA) has agreed to buy the three-story, four-story Pine Grove Hill Condominium, which is owned by Pine Grove, a subsidiary of a Chinese company.
The Pine Grove company will be owned by PCHCA, according to the statement, and it will be “rebranded as a residential and commercial condominium.”PCHA is owned and operated by an independent real estate investment trust, the PCHSA.
PCHSA announced in December that it would sell the Pine Forest Condominium to the PChCA.
As part of that sale, the Pine Ridge Condominium was sold to PCHA in July.PCH said the Pine Hills Condoport will be a four- and five-story condo with two floors, with three bedrooms, two baths and a full kitchen.
It will be available for rent for $300 a month to residents of the South Hills.
The condos are slated to open in the fall of 2019.
The Condo and Residences Association of California has set a target date for the Pine Woods Condominium.
The group said it has not yet decided when the new condo will open, but the group said the goal is for it to be open by the spring of 2020.
I would hope it will come sooner rather than later, said PCHC CEO John Gorman.
If we can get it to spring, we would be very excited about it.
PCH said it will open as soon as possible, but that it will look into options to make it available for the public.
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