Flank art

A New York City-based development company has paid $16 million for North Gulch property adjacent to a site where it is underway with a residential high-rise.

Flank Inc. now owns the three-parcel property, which has a main address of 125 11th Ave. N. and covers 0.8 acres. On an adjacent site is the building home to bowling and bar business Pins Mechanical Co., with the soon-to-open Asurion headquarters complex located across 11th.