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January 11, 2021
Two years ago, American Capital Group paid about $16.3 million for a small waterfront office building 15 Lake Bellevue Drive, which it then made its headquarters. The price seemed high at the time. That two-story structure, on pilings above the lake, isn't likely to change. However, ACG recently filed plans to upzone its 2.8-acre property, most of it now parking, and hopes to build a new 15-story apartment building.
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