The real estate development firm Freshwater Development has announced the launch of the Penthouses at 111 State (111 State St.) in downtown Traverse City.

The luxury condominiums, now available for sale, will feature two, full-floor residences, priced at $2.95 million and $3.25 million.

Features include direct private elevator access to each residence, private parking, and private rooftop terraces with Lake Michigan views.

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