S2 Picks Up 4 Tennessee Distressed Properties
S2 Picks Up 4 Tennessee Distressed Properties
S2 Capital (“S2”) acquired a distressed multifamily portfolio consisting of four Tennessee properties facing foreclosure in Nashville and Knoxville, TN. An additional property was picked up in Dallas.
S2 invested $60 million of rescue capital in a new joint venture with the existing Limited Partner through a structured preferred equity investment and secured a new 5-year $170 million senior loan through ACORE Capital. S2 will take over as the general partner with full operational control across property, asset, and construction management plus major decision rights to protect the preferred equity investment. The transaction was sourced off-market.
S2’s Ryan Everett added, “Our internal data analytics platform projects Southeast Nashville to be a top quartile submarket for investment, given the continued year-over-year demand growth of 11% while supply and permits have plummeted by 80% to less than 2.5% of inventory, coupled with expected strong household formation and in-migration.”
The post S2 Picks Up 4 Tennessee Distressed Properties appeared first on Connect CRE.
S2 Capital (“S2”) acquired a distressed multifamily portfolio consisting of four Tennessee properties facing foreclosure in Nashville and Knoxville, TN. An additional property was picked up in Dallas. S2 invested $60 million of rescue capital in a new joint venture with the existing Limited Partner through a structured preferred equity investment and secured a new 5-year …
The post S2 Picks Up 4 Tennessee Distressed Properties appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
S2 Capital (“S2”) acquired a distressed multifamily portfolio consisting of four Tennessee properties facing foreclosure in Nashville and Knoxville, TN. An additional property was picked up in Dallas. S2 invested $60 million of rescue capital in a new joint venture with the existing Limited Partner through a structured preferred equity investment and secured a new 5-year …
The post S2 Picks Up 4 Tennessee Distressed Properties appeared first on Connect CRE.
Charlotte Tower Sells at Steep Discount
Charlotte Tower Sells at Steep Discount
New England Investment Properties purchased the 342,162-square-foot 121 W. Trade Street building for $32 million. The Charlotte Business Journal reports that’s less than half what it previously sold for in 2015. Lincoln Property Co. acquired the tower for $71.6 million in late 2015 on behalf of a pension fund client.
CBRE’s Patric Gildea, Matt Smith and Robert Hardaway represented Lincoln.
The tower, built in 1990, sits on a .42-acre parcel at the intersection of Trade and Tryon streets. Its 121,950 square feet, 66% of which is leased.
121 W. Trade underwent renovations in 2017, updating the lobby, common corridors and restrooms. A new tenant hub was added with conference rooms, informal and formal meeting space and a 50-person training room. Improvements also included a tenant lounge.
The building is the longtime home of the Charlotte City Club, which has been located on the 31st and 32nd floors since 1990.
The post Charlotte Tower Sells at Steep Discount appeared first on Connect CRE.
New England Investment Properties purchased the 342,162-square-foot 121 W. Trade Street building for $32 million. The Charlotte Business Journal reports that’s less than half what it previously sold for in 2015. Lincoln Property Co. acquired the tower for $71.6 million in late 2015 on behalf of a pension fund client. CBRE’s Patric Gildea, Matt Smith and …
The post Charlotte Tower Sells at Steep Discount appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
New England Investment Properties purchased the 342,162-square-foot 121 W. Trade Street building for $32 million. The Charlotte Business Journal reports that’s less than half what it previously sold for in 2015. Lincoln Property Co. acquired the tower for $71.6 million in late 2015 on behalf of a pension fund client. CBRE’s Patric Gildea, Matt Smith and …
The post Charlotte Tower Sells at Steep Discount appeared first on Connect CRE.
Metropolitan Parkway housing, retail development officially a go
Metropolitan Parkway housing, retail development officially a go
Metropolitan Parkway housing, retail development officially a go
Josh Green
Tue, 01/07/2025 – 08:25
Fresh housing aimed at boosting a southside corridor between downtown and Atlanta’s airport is scheduled to officially move forward this month.
Paces Preservation Partners, a partnership between affordable housing development firms, plans to host a Jan. 14 groundbreaking alongside Mayor Andre Dickens and other local dignitaries for a project called Metropolitan Place.
The 176-unit venture with an affordable rental and retail component will take shape at 2333 Metropolitan Parkway, just south of Langford Parkway and west of the downtown Connector in the Perkerson neighborhood.
For years, the corridor has grappled with disinvestment and blight, but development officials say Metropolitan Place is indicative of projects that are starting to turn the tide.
The site’s location just south of Langford Parkway and west of the Interstate 75/85 Connector. Google Maps
According to Invest Atlanta, which is helping to fund Metropolitan Place, the majority of units, or 144 total, will be reserved at rates for people earning 60 percent of the area median income or less. That means 750-square-foot, one-bedroom apartments are expected to rent for $972 monthly.
Seventy two-bedroom units—the most prevalent option in the project—will rent for $1,164 for 850 square feet. And three-bedroom apartments (35 total) with 1,200 square feet will cost $1,331 monthly.
Amenities are listed as an onsite fitness center, clubhouse, picnic area, and security cameras.
The expected look of Metropolitan Parkway (top) and Avery Road frontages. The Paces Foundation, Inc., Soho Housing Partners; via Invest Atlanta
Elsewhere, 32 apartments are expected to rent for market rate, ranging from $1,653 to $2,052 per month.
At the ground level, roughly 1,000 square feet of commercial retail space will also be built, according to project plans.
The development is a team effort from Soho Housing Partners and Smyrna-based The Paces Foundation. The latter is a local nonprofit striving to develop more than 3,000 affordable housing units.
According to an Invest Atlanta project summary last year, Metropolitan Place aims to continue investments in the north-south corridor that include a new Atlanta Police Department Zone 3 precinct next door and Goodwill’s Metropolitan Parkway Career Center a few blocks north.
Other housing developments in the area have contributed to an ongoing revitalization, per Invest Atlanta officials.
The vacant plot in January 2023, with the new APD precinct shown at left. Google Maps
Invest Atlanta leadership has said the mixed-use project will take 18 months to build. Records indicate the 6-acre property in question sold in early 2023 for $2.75 million.
About half of Metropolitan Place’s $77.1 million cost will be paid for with a tax-exempt loan from Atlanta’s Urban Residential Finance Authority, alongside federal and state tax credit equities aimed at helping spur development.
Invest Atlanta officials agreed last spring to provide $2.9 million via Housing Opportunity Bonds.
The 2333 Metropolitan Parkway site in relation to downtown and the airport. Google Maps
…
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The 2333 Metropolitan Parkway site in relation to downtown and the airport. Google Maps
The vacant plot in January 2023, with the new APD precinct shown at left. Google Maps
Invest Atlanta
The expected look of Metropolitan Parkway (top) and Avery Road frontages. The Paces Foundation, Inc., Soho Housing Partners; via Invest Atlanta
The site’s location just south of Langford Parkway and west of the Interstate 75/85 Connector. Google Maps
Metropolitan Parkway housing, retail development officially a go
Josh Green
Tue, 01/07/2025 – 08:25
Fresh housing aimed at boosting a southside corridor between downtown and Atlanta’s airport is scheduled to officially move forward this month.
Paces Preservation Partners, a partnership between affordable housing development firms, plans to host a Jan. 14 groundbreaking alongside Mayor Andre Dickens and other local dignitaries for a project called Metropolitan Place.
The 176-unit venture with an affordable rental and retail component will take shape at 2333 Metropolitan Parkway, just south of Langford Parkway and west of the downtown Connector in the Perkerson neighborhood.
For years, the corridor has grappled with disinvestment and blight, but development officials say Metropolitan Place is indicative of projects that are starting to turn the tide.
The site’s location just south of Langford Parkway and west of the Interstate 75/85 Connector. Google Maps
According to Invest Atlanta, which is helping to fund Metropolitan Place, the majority of units, or 144 total, will be reserved at rates for people earning 60 percent of the area median income or less. That means 750-square-foot, one-bedroom apartments are expected to rent for $972 monthly.
Seventy two-bedroom units—the most prevalent option in the project—will rent for $1,164 for 850 square feet. And three-bedroom apartments (35 total) with 1,200 square feet will cost $1,331 monthly.
Amenities are listed as an onsite fitness center, clubhouse, picnic area, and security cameras.
The expected look of Metropolitan Parkway (top) and Avery Road frontages. The Paces Foundation, Inc., Soho Housing Partners; via Invest Atlanta
Elsewhere, 32 apartments are expected to rent for market rate, ranging from $1,653 to $2,052 per month.
At the ground level, roughly 1,000 square feet of commercial retail space will also be built, according to project plans.
The development is a team effort from Soho Housing Partners and Smyrna-based The Paces Foundation. The latter is a local nonprofit striving to develop more than 3,000 affordable housing units.
According to an Invest Atlanta project summary last year, Metropolitan Place aims to continue investments in the north-south corridor that include a new Atlanta Police Department Zone 3 precinct next door and Goodwill’s Metropolitan Parkway Career Center a few blocks north.
Other housing developments in the area have contributed to an ongoing revitalization, per Invest Atlanta officials.
The vacant plot in January 2023, with the new APD precinct shown at left. Google Maps
Invest Atlanta leadership has said the mixed-use project will take 18 months to build. Records indicate the 6-acre property in question sold in early 2023 for $2.75 million.
About half of Metropolitan Place’s $77.1 million cost will be paid for with a tax-exempt loan from Atlanta’s Urban Residential Finance Authority, alongside federal and state tax credit equities aimed at helping spur development.
Invest Atlanta officials agreed last spring to provide $2.9 million via Housing Opportunity Bonds.
The 2333 Metropolitan Parkway site in relation to downtown and the airport. Google Maps
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Southside news, discussion (Urbanize Atlanta)
Tags
2333 Metropolitan Parkway
Metropolitan Place
Perkerson
Avery Road
Mixed-Use Development
Atlanta Development
Invest Atlanta
Atlanta Police Department
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The Paces Foundation
Soho Housing Partners
Atlanta Affordable Housing
Langford Parkway
affordable housing
affordable apartments
Paces Preservation Partners
Images
The 2333 Metropolitan Parkway site in relation to downtown and the airport. Google Maps
The vacant plot in January 2023, with the new APD precinct shown at left. Google Maps
Invest Atlanta
The expected look of Metropolitan Parkway (top) and Avery Road frontages. The Paces Foundation, Inc., Soho Housing Partners; via Invest Atlanta
The site’s location just south of Langford Parkway and west of the Interstate 75/85 Connector. Google Maps
Subtitle
Perkerson project will join new Goodwill training center, police facility nearby
Neighborhood
Southside
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Associated Project
Metropolitan Place
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Metropolitan Parkway housing, retail development officially a go
Josh Green
Tue, 01/07/2025 – 08:25
Fresh housing aimed at boosting a southside corridor between downtown and Atlanta’s airport is scheduled to officially move forward this month.
Paces Preservation Partners, a partnership between affordable housing development firms, plans to host a Jan. 14 groundbreaking alongside Mayor Andre Dickens and other local dignitaries for a project called Metropolitan Place.
The 176-unit venture with an affordable rental and retail component will take shape at 2333 Metropolitan Parkway, just south of Langford Parkway and west of the downtown Connector in the Perkerson neighborhood.
For years, the corridor has grappled with disinvestment and blight, but development officials say Metropolitan Place is indicative of projects that are starting to turn the tide.
The site’s location just south of Langford Parkway and west of the Interstate 75/85 Connector. Google Maps
According to Invest Atlanta, which is helping to fund Metropolitan Place, the majority of units, or 144 total, will be reserved at rates for people earning 60 percent of the area median income or less. That means 750-square-foot, one-bedroom apartments are expected to rent for $972 monthly.
Seventy two-bedroom units—the most prevalent option in the project—will rent for $1,164 for 850 square feet. And three-bedroom apartments (35 total) with 1,200 square feet will cost $1,331 monthly.
Amenities are listed as an onsite fitness center, clubhouse, picnic area, and security cameras.
The expected look of Metropolitan Parkway (top) and Avery Road frontages. The Paces Foundation, Inc., Soho Housing Partners; via Invest Atlanta
Elsewhere, 32 apartments are expected to rent for market rate, ranging from $1,653 to $2,052 per month.
At the ground level, roughly 1,000 square feet of commercial retail space will also be built, according to project plans.
The development is a team effort from Soho Housing Partners and Smyrna-based The Paces Foundation. The latter is a local nonprofit striving to develop more than 3,000 affordable housing units.
According to an Invest Atlanta project summary last year, Metropolitan Place aims to continue investments in the north-south corridor that include a new Atlanta Police Department Zone 3 precinct next door and Goodwill’s Metropolitan Parkway Career Center a few blocks north.
Other housing developments in the area have contributed to an ongoing revitalization, per Invest Atlanta officials.
The vacant plot in January 2023, with the new APD precinct shown at left. Google Maps
Invest Atlanta leadership has said the mixed-use project will take 18 months to build. Records indicate the 6-acre property in question sold in early 2023 for $2.75 million.
About half of Metropolitan Place’s $77.1 million cost will be paid for with a tax-exempt loan from Atlanta’s Urban Residential Finance Authority, alongside federal and state tax credit equities aimed at helping spur development.
Invest Atlanta officials agreed last spring to provide $2.9 million via Housing Opportunity Bonds.
The 2333 Metropolitan Parkway site in relation to downtown and the airport. Google Maps
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Southside news, discussion (Urbanize Atlanta)
Tags
2333 Metropolitan Parkway
Metropolitan Place
Perkerson
Avery Road
Mixed-Use Development
Atlanta Development
Invest Atlanta
Atlanta Police Department
Metropolitan Parkway
The Paces Foundation
Soho Housing Partners
Atlanta Affordable Housing
Langford Parkway
affordable housing
affordable apartments
Paces Preservation Partners
Images
The 2333 Metropolitan Parkway site in relation to downtown and the airport. Google Maps
The vacant plot in January 2023, with the new APD precinct shown at left. Google Maps
Invest Atlanta
The expected look of Metropolitan Parkway (top) and Avery Road frontages. The Paces Foundation, Inc., Soho Housing Partners; via Invest Atlanta
The site’s location just south of Langford Parkway and west of the Interstate 75/85 Connector. Google Maps
Subtitle
Perkerson project will join new Goodwill training center, police facility nearby
Neighborhood
Southside
Background Image
Image
Associated Project
Metropolitan Place
Before/After Images
Sponsored Post
Off
Atlanta Developer Proposing Brookhaven Mixed-Use Project
Atlanta Developer Proposing Brookhaven Mixed-Use Project
Third & Urban is planning a major redevelopment at the site of a number of dated office buildings. The developer hopes to replace the Corporate Square complex with a mixed-use venture. Located off Buford Highway, the 32-acre site is on the opposite side of Interstate 85 from Children’s Arthur M. Blank Hospital and Emory University’s forthcoming Executive Park innovation district.
The Atlanta Business Chronicle reports Third & Urban is proposing 2,000 residential units, consisting of a mix of apartments, senior residences, corporate housing units and townhouses. The developer also envisions a 350-key hotel, 30,000 square feet of retail, 100,000 square feet of medical office space and a public plaza.
Brookhaven City Council would need to rezone the land for the developer’s intended use before the project could move forward.
Third & Urban, known for in-town mixed-use projects such as Westside Paper and Armour Yards, targets underperforming office parks in high-growth suburbs on the edge of Atlanta proper.
The post Atlanta Developer Proposing Brookhaven Mixed-Use Project appeared first on Connect CRE.
Third & Urban is planning a major redevelopment at the site of a number of dated office buildings. The developer hopes to replace the Corporate Square complex with a mixed-use venture. Located off Buford Highway, the 32-acre site is on the opposite side of Interstate 85 from Children’s Arthur M. Blank Hospital and Emory University’s forthcoming Executive …
The post Atlanta Developer Proposing Brookhaven Mixed-Use Project appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News
Third & Urban is planning a major redevelopment at the site of a number of dated office buildings. The developer hopes to replace the Corporate Square complex with a mixed-use venture. Located off Buford Highway, the 32-acre site is on the opposite side of Interstate 85 from Children’s Arthur M. Blank Hospital and Emory University’s forthcoming Executive …
The post Atlanta Developer Proposing Brookhaven Mixed-Use Project appeared first on Connect CRE.
Landmark Building 2,000-Bed Georgia Tech Student Housing Project
Landmark Building 2,000-Bed Georgia Tech Student Housing Project
Landmark Properties has purchased the parking lot of an Atlanta landmark. The family behind The Varsity restaurant agreed to sell 2 acres of its property along the Downtown Connector. A price was not disclosed.
Landmark is planning a 2,000-bed student housing project that would overlook Georgia Tech’s Bobby Dodd Stadium.
The Atlanta Business Chronicle reports the proposed development would not impact the operations of The Varsity. Landmark Properties said its new tower will offer pedestrian access into the heart of the Georgia Tech campus.
Georgia Tech’s enrollment continues to grow, increasing almost 10% over the past three years. In fall 2023, enrollment for all degrees was almost 48,000 students, up from just under 44,000 students in fall 2021..
Landmark’s new project will offer amenities, such as a pool with jumbotrons, sports simulator, sauna, study space and sky lounges.
It will be its fourth project in Midtown and Downtown, bringing the company’s intown portfolio to more than 4,000 beds.
The post Landmark Building 2,000-Bed Georgia Tech Student Housing Project appeared first on Connect CRE.
Landmark Properties has purchased the parking lot of an Atlanta landmark. The family behind The Varsity restaurant agreed to sell 2 acres of its property along the Downtown Connector. A price was not disclosed. Landmark is planning a 2,000-bed student housing project that would overlook Georgia Tech’s Bobby Dodd Stadium. The Atlanta Business Chronicle reports the …
The post Landmark Building 2,000-Bed Georgia Tech Student Housing Project appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News
Landmark Properties has purchased the parking lot of an Atlanta landmark. The family behind The Varsity restaurant agreed to sell 2 acres of its property along the Downtown Connector. A price was not disclosed. Landmark is planning a 2,000-bed student housing project that would overlook Georgia Tech’s Bobby Dodd Stadium. The Atlanta Business Chronicle reports the …
The post Landmark Building 2,000-Bed Georgia Tech Student Housing Project appeared first on Connect CRE.
Newmark Arranges $140M Refi for Atlanta Sr. Housing Developer
Newmark Arranges $140M Refi for Atlanta Sr. Housing Developer
Galerie Living has obtained a $140 million refinancing of the Corso Atlanta, a 203-unit seniors housing community located at 3200 Howell Mill Road in Atlanta.
Newmark’s Healthcare & Alternative Real Estate Assets group secured the 10-year Freddie Mac senior loan, featuring five years of interest-only payments, and arranged a preferred equity investment from Kayne Anderson Real Estate Debt. Newmark says it’s the first-ever Freddie Mac senior preferred equity hard pay structure for a seniors housing asset. Newmark’s Sarah Anderson, Chad Lavender, Ryan Maconachy, Mills Poynor and Ben McElroy facilitated the transaction.
Corso Atlanta’s offers a range of services, including independent living, assisted living and memory care options. Other amenities include include chef-led dining options, a heated pool, a fitness center, a salon, multiple outdoor spaces, a theater and both a floral shop and gift boutique.
Galerie Living is a senior housing development and management company that has been in business for over 25 years, has four brands, over 1,000 units delivered and 3,000 occupants.
The post Newmark Arranges $140M Refi for Atlanta Sr. Housing Developer appeared first on Connect CRE.
Galerie Living has obtained a $140 million refinancing of the Corso Atlanta, a 203-unit seniors housing community located at 3200 Howell Mill Road in Atlanta. Newmark’s Healthcare & Alternative Real Estate Assets group secured the 10-year Freddie Mac senior loan, featuring five years of interest-only payments, and arranged a preferred equity investment from Kayne Anderson …
The post Newmark Arranges $140M Refi for Atlanta Sr. Housing Developer appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News
Galerie Living has obtained a $140 million refinancing of the Corso Atlanta, a 203-unit seniors housing community located at 3200 Howell Mill Road in Atlanta. Newmark’s Healthcare & Alternative Real Estate Assets group secured the 10-year Freddie Mac senior loan, featuring five years of interest-only payments, and arranged a preferred equity investment from Kayne Anderson …
The post Newmark Arranges $140M Refi for Atlanta Sr. Housing Developer appeared first on Connect CRE.
Toro Secures $560M Financing for Johns Creek Mixed-Use Venture
Toro Secures $560M Financing for Johns Creek Mixed-Use Venture
Toro Development Company (TDC), secured financing for Medley, the $560 million, 43-acre mixed-use community coming to Johns Creek. The milestone paves the way for Medley’s groundbreaking in December, with an anticipated opening in late 2026.
The deal includes an equity investment from Ascentris and a $158 million construction loan from Banco Inbursa for the first phase.
Located at the corner of McGinnis Ferry Road and Johns Creek Parkway, Medley will encompass 150,000 square feet of retail, restaurant and entertainment space, a 175-key boutique hotel, 110,000 square feet of lifestyle office, 750 multifamily residences, 133 townhomes and an activated 25,000-square-foot Plaza.
The company purchased the suburban office park for $44 million in March 2024 and has since razed a 350,000-square-foot office building to prepare the site for construction. TDC will renovate and incorporate the other existing office building into the master plan to create a commute-worthy workplace.
Toro has already locked in over a dozen retail tenants signed up for Medley.
The post Toro Secures $560M Financing for Johns Creek Mixed-Use Venture appeared first on Connect CRE.
Toro Development Company (TDC), secured financing for Medley, the $560 million, 43-acre mixed-use community coming to Johns Creek. The milestone paves the way for Medley’s groundbreaking in December, with an anticipated opening in late 2026. The deal includes an equity investment from Ascentris and a $158 million construction loan from Banco Inbursa for the first …
The post Toro Secures $560M Financing for Johns Creek Mixed-Use Venture appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News
Toro Development Company (TDC), secured financing for Medley, the $560 million, 43-acre mixed-use community coming to Johns Creek. The milestone paves the way for Medley’s groundbreaking in December, with an anticipated opening in late 2026. The deal includes an equity investment from Ascentris and a $158 million construction loan from Banco Inbursa for the first …
The post Toro Secures $560M Financing for Johns Creek Mixed-Use Venture appeared first on Connect CRE.
Star Metals District Adding Hotel, Retail, Apartments
Star Metals District Adding Hotel, Retail, Apartments
The developer of Atlanta’s Star Metals District is looking to expand its growing West Midtown venture.
Allen Morris Co. and partner Animal are moving forward with its next phases, a total of 1.5 million square feet. Star Metals already includes apartment and office buildings. Another residential tower, called Stella, is under construction.
The next phases would add 800 residential units, 100,000 square feet of retail space and 200 hotel rooms. If demand continues to rebound, more office space is a possibility. The office building at Star Metals is 97% leased.
The Atlanta Business Chronicle reports this tower would be the final phase of the project. The more than 3-acre site is just south of Star Metal Offices, which has attracted tenants including daily fantasy sports operator PrizePicks. The land was assembled years ago. It is bounded by Howell Mill, 11th Street, Edgehill Avenue and Bellingrath Avenue.
The post Star Metals District Adding Hotel, Retail, Apartments appeared first on Connect CRE.
The developer of Atlanta’s Star Metals District is looking to expand its growing West Midtown venture. Allen Morris Co. and partner Animal are moving forward with its next phases, a total of 1.5 million square feet. Star Metals already includes apartment and office buildings. Another residential tower, called Stella, is under construction. The next phases would …
The post Star Metals District Adding Hotel, Retail, Apartments appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News
The developer of Atlanta’s Star Metals District is looking to expand its growing West Midtown venture. Allen Morris Co. and partner Animal are moving forward with its next phases, a total of 1.5 million square feet. Star Metals already includes apartment and office buildings. Another residential tower, called Stella, is under construction. The next phases would …
The post Star Metals District Adding Hotel, Retail, Apartments appeared first on Connect CRE.
Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities
Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities
Holladay Ventures and Evergreen Real Estate opened Shelby House, a 195-unit affordable housing community. Additionally, Holladay and Evergreen announced the groundbreaking of the project’s second phase, 4th & Shelby, a mixed-use development adjacent to Shelby House, which will bring an additional 289 units of affordable housing in 2026. In total, both projects will provide 484 affordable housing units to the Nashville community.
Phase two of the project will feature energy-efficient appliances and solar panels. Apartments at the two locations are reserved for families earning between 30 and 80% of the Area Median Income.
Samaritan Recovery Community(SRC) partnered with Holladay Ventures and Evergreen Real Estate. PNC Bank also participated in the project.
Holladay says it specializes in developing workforce, affordable, and mixed-income housing solutions that are not only intentionally designed but also positively impact local residents and the environment.
The post Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities appeared first on Connect CRE.
Holladay Ventures and Evergreen Real Estate opened Shelby House, a 195-unit affordable housing community. Additionally, Holladay and Evergreen announced the groundbreaking of the project’s second phase, 4th & Shelby, a mixed-use development adjacent to Shelby House, which will bring an additional 289 units of affordable housing in 2026. In total, both projects will provide 484 affordable housing units to the Nashville community. Phase two of …
The post Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Holladay Ventures and Evergreen Real Estate opened Shelby House, a 195-unit affordable housing community. Additionally, Holladay and Evergreen announced the groundbreaking of the project’s second phase, 4th & Shelby, a mixed-use development adjacent to Shelby House, which will bring an additional 289 units of affordable housing in 2026. In total, both projects will provide 484 affordable housing units to the Nashville community. Phase two of …
The post Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities appeared first on Connect CRE.
City Selects Partner on Atlanta Constitution Building
City Selects Partner on Atlanta Constitution Building
Invest Atlanta selected Gorman & Co. to restore the five-story Atlanta Constitution building, located at 143 Alabama St. in the heart of Downtown. The agency intends to negotiate a ground lease and master development agreement with the company, whose preliminary plan includes 197 mostly affordable residential units.
The 95,000-square-foot brick building dates back to the 1940s and housed the Atlanta Constitution’s printing facility until the newspaper merged with the Atlanta Journal in 1953. The city has owned it since the 1990s.
Gorman & Co., which focuses on developing affordable and workforce housing, plans to split the project into multiple phases.
The building would be filled with residential units and ground-level commercial space. A later phase would add a new residential building on adjacent land by 2028.
The project includes a mix of units with one, two or three bedrooms. Units would be rented at prices affordable to households earning 30% and 80% AMI.
The post City Selects Partner on Atlanta Constitution Building appeared first on Connect CRE.
Invest Atlanta selected Gorman & Co. to restore the five-story Atlanta Constitution building, located at 143 Alabama St. in the heart of Downtown. The agency intends to negotiate a ground lease and master development agreement with the company, whose preliminary plan includes 197 mostly affordable residential units. The 95,000-square-foot brick building dates back to the …
The post City Selects Partner on Atlanta Constitution Building appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News
Invest Atlanta selected Gorman & Co. to restore the five-story Atlanta Constitution building, located at 143 Alabama St. in the heart of Downtown. The agency intends to negotiate a ground lease and master development agreement with the company, whose preliminary plan includes 197 mostly affordable residential units. The 95,000-square-foot brick building dates back to the …
The post City Selects Partner on Atlanta Constitution Building appeared first on Connect CRE.