The New Orleans and New York City-based development and management firm bought the property from Treetop Development for $38.5M.
The New Orleans-based Energy company reports that it will sell Indian Point 1, 2 and 3 nuclear units to decommissioning firm Holtec International of Camden, NJ, which will decommission units. Indian Point 2 and 3 that are scheduled for closure in 2020 and 2021.
As groups will start to exit the city, Morgan Properties sees an opportunity.
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