Dargey Buys Belltown Land

Everett developer Lobsang Dargey is planning his first project in Seattle.

An entity related to Dargey bought a .3-acre site on Fourth Avenue between Blanchard and Lenora streets from an entity related to HAL Real Estate Investments for $11.5 million, property records show.

Dargey is president of Path America, a development company that finances projects through the EB-5 program, which allows people to obtain permanent visas and a path to citizenship if they invest in a qualifying real estate project.

Dargey said he is planning a mixed-use project on the site but would not release any further details

Source: http://www.djc.com/news/re/12058428.html