ROUND ROCK - The Orchard Apartments, a 512-unit apartment community at 2811 La Frontera Blvd., has been sold for $55.5 million. The Class A community was purchased by Griffis Residential, who renamed the property Griffis Las Frontera.
The community offers one-, two- and three-bedroom units ranging in size from 640 sf to 1,232 sf and in price from $815 to $1,955 per month.
Griffis Residential has a $4 million upgrade platform in the works that will target common areas and units in the 1997 development.
The property is near the La Frontera master-planned commercial park, the Forest Park Medical Center that will open this month, and Dell Computer.
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