Chicago-area-based Red Seal Development has paid $6.1 million for property located in North Davidson County — more than four times the figure for which the raw land last changed ownership hands less than three years ago.

RSD plans to develop the 8.7-acre site, with a placeholder address of 0 W. Trinity Lane, with 111 for-sale three- and four-bedroom garaged townhomes with rooftop decks (read more here). The adjacent property offers an address of 847 W. Trinity Lane.