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A large apartment complex in Hamburg has just sold, but for how much? What complex is it? Who was it sold to? Where exactly is the complex located?

Apartment Complex: front of a leasing office
Photo courtesy of Fountains at Andover social media

The Fountains at Andover is a 318-unit apartment complex that is located on Todds Road has sold. The complex was bought by The Wilkinson Group for a total of $31 million, around $97,500 per unit.

This complex was built in 1996 and under new ownership will go through a renovation and name change.

“The Fountains at Andover, now called Reserve at Hamburg, resides in one of Lexington’s most affluent submarkets,” said Mike Kemether of Cushman & Wakefield, which represented the seller, Fountains of Andover Brookfield. “With the new owner planning to invest in upgrading the property, I am really excited to see the transformation that will take place.”

The complex sold previously a little over 10 years ago in 2007 for $28.5 million.

Other top complexes that have been sold recently in Lexington are:

  • Student apartments on Angliana, $40.8 million
  • The Henry at The Summit at Fritz Farm, $64 million
  • WaterStone on Polo Club in Hamburg, $44 million
  • Forty57 on Mooncoin in Beaumont, $52 million
  • Racquet Club on Crosby Drive, $51.5 million

Apartment Complex: a fountain surrounded by flowers

 

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