Northwest of Atlanta, massive village, jobs center announced
Northwest of Atlanta, massive village, jobs center announced
Northwest of Atlanta, massive village, jobs center announced
Josh Green
Tue, 01/28/2025 – 15:51
Northwest of Atlanta, the veil has lifted on an ambitious mixed-use venture with thousands of homes, an abundance of planned jobs, and a footprint about 12 times the size of Piedmont Park.
Global real estate company Hines, which owns Atlantic Station, announced a partnership with family-owned Aubrey Corporation today to create a sprawling village and jobs center called Aubrey Village across 2,390 acres off Interstate 75, marking the latest investment of significant scale in Bartow County.
The scenic site in question would cover a large portion of what’s known as the former Pine Log Wildlife Management Area, situated where I-75 meets Ga. Highway 411 (that’s exit 293), near the town of White and just north of Cartersville. It’s about 45 miles northwest of Midtown.
Rough scope of the 2,390-acre Aubrey Village site where Interstate 75 meets Ga. Highway 411, with downtown Cartersville shown at bottom. Google Maps
According to the development team, Aubrey Village is scheduled to break ground on its initial infrastructure late this year or in 2026.
Several phases are planned before the project will be considered complete in roughly a decade to 12 years, per officials.
At the core of the project would be a 600-acre, mixed-use village where roughly 2,800 families would occupy apartments, townhomes, and single-family dwellings around a new Bartow County public school. A network of trails and paths would link the residential sections—and two major “employment zones”—together, according to development officials.
The additional housing is needed in a growing area that’s rich with new major employers, according to Hines.
The Aubrey Village commercial component, meanwhile, would see a central greenspace and local cafes, restaurants, and shops peppered in amongst national retailers and a grocer.
General breakdown of uses planned at Aubrey Village over the next decade or more. Courtesy of Hines, Aubrey Corporation
One facet that could set Aubrey Village apart from other master-planned communities around the metro is more than 1,200 acres reserved for manufacturing, data center, and logistics uses, all spread across two campuses, according to today’s announcement.
Plans call for up to 10 million square feet of new development overall, including hotels.
Each component of Aubrey Village would be linked together by a new central roadway called Aubrey Parkway, which is designed to limit traffic impacts on existing roads, per developers.
The project “will provide a next-generation mixed-use village, unlike anything in Bartow County, that will be the foundation for economic growth and community engagement in the Atlanta suburbs,” said Michael Harrison, Hines senior managing director, head of U.S. Sunbelt, in a prepared statement. “[It] prioritizes the preservation and expansion of Bartow County’s greenspace and natural resources, while creating a strategic mix of uses in a live-work-play-learn environment that embraces pedestrian-oriented design.”
Planned mixed-use village and industrial layout of the ambitious Bartow County proposal. Courtesy of Hines, Aubrey Corporation
…
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Rough scope of the 2,390-acre Aubrey Village site where Interstate 75 meets Ga. Highway 411, with downtown Cartersville shown at bottom. Google Maps
General breakdown of uses planned at Aubrey Village over the next decade or more. Courtesy of Hines, Aubrey Corporation
Planned mixed-use village and industrial layout of the ambitious Bartow County proposal. Courtesy of Hines, Aubrey Corporation
Northwest of Atlanta, massive village, jobs center announced
Josh Green
Tue, 01/28/2025 – 15:51
Northwest of Atlanta, the veil has lifted on an ambitious mixed-use venture with thousands of homes, an abundance of planned jobs, and a footprint about 12 times the size of Piedmont Park.
Global real estate company Hines, which owns Atlantic Station, announced a partnership with family-owned Aubrey Corporation today to create a sprawling village and jobs center called Aubrey Village across 2,390 acres off Interstate 75, marking the latest investment of significant scale in Bartow County.
The scenic site in question would cover a large portion of what’s known as the former Pine Log Wildlife Management Area, situated where I-75 meets Ga. Highway 411 (that’s exit 293), near the town of White and just north of Cartersville. It’s about 45 miles northwest of Midtown.
Rough scope of the 2,390-acre Aubrey Village site where Interstate 75 meets Ga. Highway 411, with downtown Cartersville shown at bottom. Google Maps
According to the development team, Aubrey Village is scheduled to break ground on its initial infrastructure late this year or in 2026.
Several phases are planned before the project will be considered complete in roughly a decade to 12 years, per officials.
At the core of the project would be a 600-acre, mixed-use village where roughly 2,800 families would occupy apartments, townhomes, and single-family dwellings around a new Bartow County public school. A network of trails and paths would link the residential sections—and two major “employment zones”—together, according to development officials.
The additional housing is needed in a growing area that’s rich with new major employers, according to Hines.
The Aubrey Village commercial component, meanwhile, would see a central greenspace and local cafes, restaurants, and shops peppered in amongst national retailers and a grocer.
General breakdown of uses planned at Aubrey Village over the next decade or more. Courtesy of Hines, Aubrey Corporation
One facet that could set Aubrey Village apart from other master-planned communities around the metro is more than 1,200 acres reserved for manufacturing, data center, and logistics uses, all spread across two campuses, according to today’s announcement.
Plans call for up to 10 million square feet of new development overall, including hotels.
Each component of Aubrey Village would be linked together by a new central roadway called Aubrey Parkway, which is designed to limit traffic impacts on existing roads, per developers.
The project “will provide a next-generation mixed-use village, unlike anything in Bartow County, that will be the foundation for economic growth and community engagement in the Atlanta suburbs,” said Michael Harrison, Hines senior managing director, head of U.S. Sunbelt, in a prepared statement. “[It] prioritizes the preservation and expansion of Bartow County’s greenspace and natural resources, while creating a strategic mix of uses in a live-work-play-learn environment that embraces pedestrian-oriented design.”
Planned mixed-use village and industrial layout of the ambitious Bartow County proposal. Courtesy of Hines, Aubrey Corporation
…
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• Bartow County news, discussion (Urbanize Atlanta)
Tags
Interstate 75 and Ga. Highway 411
Jim Ramseur
Samantha Wheeler
Lee & Associates
Aubrey Corporation
Ramseur Real Estate Advisors
Bartow County
Anheuser-Busch
Toyo Tires
Girdau Steel
Shaw Carpets
Hyundai-SK Battery Plant
Qcells Solar Plant
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master-planned communities
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OTP
Atlanta Suburbs
Pine Log Wildlife Management Area
Hines
Images
Rough scope of the 2,390-acre Aubrey Village site where Interstate 75 meets Ga. Highway 411, with downtown Cartersville shown at bottom. Google Maps
General breakdown of uses planned at Aubrey Village over the next decade or more. Courtesy of Hines, Aubrey Corporation
Planned mixed-use village and industrial layout of the ambitious Bartow County proposal. Courtesy of Hines, Aubrey Corporation
Subtitle
Multifaceted Aubrey Village concept to cover nearly 2,400 acres, per global developer Hines
Neighborhood
Bartow County
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Before/After Images
Sponsored Post
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Northwest of Atlanta, massive village, jobs center announced
Josh Green
Tue, 01/28/2025 – 15:51
Northwest of Atlanta, the veil has lifted on an ambitious mixed-use venture with thousands of homes, an abundance of planned jobs, and a footprint about 12 times the size of Piedmont Park.
Global real estate company Hines, which owns Atlantic Station, announced a partnership with family-owned Aubrey Corporation today to create a sprawling village and jobs center called Aubrey Village across 2,390 acres off Interstate 75, marking the latest investment of significant scale in Bartow County.
The scenic site in question would cover a large portion of what’s known as the former Pine Log Wildlife Management Area, situated where I-75 meets Ga. Highway 411 (that’s exit 293), near the town of White and just north of Cartersville. It’s about 45 miles northwest of Midtown.
Rough scope of the 2,390-acre Aubrey Village site where Interstate 75 meets Ga. Highway 411, with downtown Cartersville shown at bottom. Google Maps
According to the development team, Aubrey Village is scheduled to break ground on its initial infrastructure late this year or in 2026.
Several phases are planned before the project will be considered complete in roughly a decade to 12 years, per officials.
At the core of the project would be a 600-acre, mixed-use village where roughly 2,800 families would occupy apartments, townhomes, and single-family dwellings around a new Bartow County public school. A network of trails and paths would link the residential sections—and two major “employment zones”—together, according to development officials.
The additional housing is needed in a growing area that’s rich with new major employers, according to Hines.
The Aubrey Village commercial component, meanwhile, would see a central greenspace and local cafes, restaurants, and shops peppered in amongst national retailers and a grocer.
General breakdown of uses planned at Aubrey Village over the next decade or more. Courtesy of Hines, Aubrey Corporation
One facet that could set Aubrey Village apart from other master-planned communities around the metro is more than 1,200 acres reserved for manufacturing, data center, and logistics uses, all spread across two campuses, according to today’s announcement.
Plans call for up to 10 million square feet of new development overall, including hotels.
Each component of Aubrey Village would be linked together by a new central roadway called Aubrey Parkway, which is designed to limit traffic impacts on existing roads, per developers.
The project “will provide a next-generation mixed-use village, unlike anything in Bartow County, that will be the foundation for economic growth and community engagement in the Atlanta suburbs,” said Michael Harrison, Hines senior managing director, head of U.S. Sunbelt, in a prepared statement. “[It] prioritizes the preservation and expansion of Bartow County’s greenspace and natural resources, while creating a strategic mix of uses in a live-work-play-learn environment that embraces pedestrian-oriented design.”
Planned mixed-use village and industrial layout of the ambitious Bartow County proposal. Courtesy of Hines, Aubrey Corporation
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Bartow County news, discussion (Urbanize Atlanta)
Tags
Interstate 75 and Ga. Highway 411
Jim Ramseur
Samantha Wheeler
Lee & Associates
Aubrey Corporation
Ramseur Real Estate Advisors
Bartow County
Anheuser-Busch
Toyo Tires
Girdau Steel
Shaw Carpets
Hyundai-SK Battery Plant
Qcells Solar Plant
Industrial Parks
master-planned communities
Aubrey Parkway
OTP
Atlanta Suburbs
Pine Log Wildlife Management Area
Hines
Images
Rough scope of the 2,390-acre Aubrey Village site where Interstate 75 meets Ga. Highway 411, with downtown Cartersville shown at bottom. Google Maps
General breakdown of uses planned at Aubrey Village over the next decade or more. Courtesy of Hines, Aubrey Corporation
Planned mixed-use village and industrial layout of the ambitious Bartow County proposal. Courtesy of Hines, Aubrey Corporation
Subtitle
Multifaceted Aubrey Village concept to cover nearly 2,400 acres, per global developer Hines
Neighborhood
Bartow County
Background Image
Image
Before/After Images
Sponsored Post
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Sandy Springs office park sells for $14M as buying spree heats up
Sandy Springs office park sells for $14M as buying spree heats up
The volume of office building sales is accelerating in metro Atlanta.
The volume of office building sales is accelerating in metro Atlanta. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
The volume of office building sales is accelerating in metro Atlanta.
Sandy Springs office park sells for $14M as buying spree heats up
Sandy Springs office park sells for $14M as buying spree heats up
The volume of office building sales is accelerating in metro Atlanta.
The volume of office building sales is accelerating in metro Atlanta. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
The volume of office building sales is accelerating in metro Atlanta.
Images: Strikingly modern, mixed-income build in works near Beltline
Images: Strikingly modern, mixed-income build in works near Beltline
Images: Strikingly modern, mixed-income build in works near Beltline
Josh Green
Tue, 01/28/2025 – 14:15
Just steps from an under-construction new MARTA transit line, a pointy patch of vacant land on Atlanta’s southside could spring to life soon as mixed-income apartments and workspaces for launching businesses, according to developers.
CMC Development Group has closed on construction financing for a strikingly modern venture called Ridge Commons that would rise at 1100 Ridge Ave. in Peoplestown. The 1-acre site is about two blocks from segments of the Atlanta Beltline’s Southside Trail that are currently under construction.
The location is also just north of the Terminal South food hall and creative offices project that’s expected to open in coming months. Just to the east, along Hank Aaron Drive, is the route for MARTA’s first new transit line in decades, a five-mile, bus-rapid transit route linking to downtown that’s now called the A-Line.
According to CMC Development, the 50,000-square-foot, mixed-income Ridge Commons project calls for just 44 residential units, tucked in an area between industrial lots and quiet lanes of houses.
Breakdown of the 1100 Ridge Ave. development site and landmarks within surrounding Peoplestown blocks. Google Maps; Urbanize Atlanta
How Ridge Commons would front Ridge Avenue in Peoplestown, just north of the Terminal South food hall and mixed-use project. CMC Development Group
Plans call for a mix of one and two-bedroom apartments, including some live-work units meant for “entrepreneurs and artists.” Twenty percent of the units will be offered at unspecified below-market rates, per the project’s website.
We’ve reached out to CMC Development this week for more information, including details on a groundbreaking, and we’ll update this story with any additional details that come. City of Atlanta permitting records show no recent activity at the site, which is currently zoned for mixed commercial and residential uses.
A project overview states Ridge Commons received construction financing in October—a mix of Low Income Housing Tax Credits, CMC Equity, and Invest Atlanta funds—and expects to open for tenants in June 2026, the same month as Atlanta’s first FIFA World Cup matches.
CMC Development Group
CMC Development Group
CMC Development, a New York-based firm with a satellite office on Peachtree Road in Buckhead, counts a number of projects from the Bronx to Brooklyn in its portfolio. It’s also a joint-venture partner in a residential project near East Point’s MARTA hub and historic downtown called Norman Berry Village.
The Ridge Avenue project is not to be mistaken with the apartment component of Terminal South, which has proposed 350 units—to the chagrin of some Peoplestown neighbors.
Find more context and images for the Ridge Commons proposal in the gallery above.
…
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• Peoplestown news, discussion (Urbanize Atlanta)
How Ridge Commons would front Ridge Avenue in Peoplestown, just north of the Terminal South food hall and mixed-use project. CMC Development Group
Breakdown of the 1100 Ridge Ave. development site and landmarks within surrounding Peoplestown blocks. Google Maps; Urbanize Atlanta
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
The Peoplestown site in relation to downtown Atlanta and the Connector expressway. CMC Development Group
Images: Strikingly modern, mixed-income build in works near Beltline
Josh Green
Tue, 01/28/2025 – 14:15
Just steps from an under-construction new MARTA transit line, a pointy patch of vacant land on Atlanta’s southside could spring to life soon as mixed-income apartments and workspaces for launching businesses, according to developers.
CMC Development Group has closed on construction financing for a strikingly modern venture called Ridge Commons that would rise at 1100 Ridge Ave. in Peoplestown. The 1-acre site is about two blocks from segments of the Atlanta Beltline’s Southside Trail that are currently under construction.
The location is also just north of the Terminal South food hall and creative offices project that’s expected to open in coming months. Just to the east, along Hank Aaron Drive, is the route for MARTA’s first new transit line in decades, a five-mile, bus-rapid transit route linking to downtown that’s now called the A-Line.
According to CMC Development, the 50,000-square-foot, mixed-income Ridge Commons project calls for just 44 residential units, tucked in an area between industrial lots and quiet lanes of houses.
Breakdown of the 1100 Ridge Ave. development site and landmarks within surrounding Peoplestown blocks. Google Maps; Urbanize Atlanta
How Ridge Commons would front Ridge Avenue in Peoplestown, just north of the Terminal South food hall and mixed-use project. CMC Development Group
Plans call for a mix of one and two-bedroom apartments, including some live-work units meant for “entrepreneurs and artists.” Twenty percent of the units will be offered at unspecified below-market rates, per the project’s website.
We’ve reached out to CMC Development this week for more information, including details on a groundbreaking, and we’ll update this story with any additional details that come. City of Atlanta permitting records show no recent activity at the site, which is currently zoned for mixed commercial and residential uses.
A project overview states Ridge Commons received construction financing in October—a mix of Low Income Housing Tax Credits, CMC Equity, and Invest Atlanta funds—and expects to open for tenants in June 2026, the same month as Atlanta’s first FIFA World Cup matches.
CMC Development Group
CMC Development Group
CMC Development, a New York-based firm with a satellite office on Peachtree Road in Buckhead, counts a number of projects from the Bronx to Brooklyn in its portfolio. It’s also a joint-venture partner in a residential project near East Point’s MARTA hub and historic downtown called Norman Berry Village.
The Ridge Avenue project is not to be mistaken with the apartment component of Terminal South, which has proposed 350 units—to the chagrin of some Peoplestown neighbors.
Find more context and images for the Ridge Commons proposal in the gallery above.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Peoplestown news, discussion (Urbanize Atlanta)
Tags
1100 Ridge Avenue
Ridge Commons
Workforce Housing
CMC Development
CMC Development Group
Southside
Beltline
Southside Trail
Atlanta BeltLine
Hank Aaron Drive
Atlanta Development
Atlanta Construction
CMC Equity
Low-Income Housing Tax Credit program
Low-Income Housing Investment Tax Credits
Affordable Housing
MARTA Rapid Summerhill
Bus Rapid Transit
bus rapid transit
A-Line
Images
How Ridge Commons would front Ridge Avenue in Peoplestown, just north of the Terminal South food hall and mixed-use project. CMC Development Group
Breakdown of the 1100 Ridge Ave. development site and landmarks within surrounding Peoplestown blocks. Google Maps; Urbanize Atlanta
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
The Peoplestown site in relation to downtown Atlanta and the Connector expressway. CMC Development Group
Subtitle
Transit-connected project to include live-work spaces for entrepreneurs and artists, per developers
Neighborhood
Peoplestown
Background Image
Image
Before/After Images
Sponsored Post
Off Read More
Images: Strikingly modern, mixed-income build in works near Beltline
Josh Green
Tue, 01/28/2025 – 14:15
Just steps from an under-construction new MARTA transit line, a pointy patch of vacant land on Atlanta’s southside could spring to life soon as mixed-income apartments and workspaces for launching businesses, according to developers.
CMC Development Group has closed on construction financing for a strikingly modern venture called Ridge Commons that would rise at 1100 Ridge Ave. in Peoplestown. The 1-acre site is about two blocks from segments of the Atlanta Beltline’s Southside Trail that are currently under construction.
The location is also just north of the Terminal South food hall and creative offices project that’s expected to open in coming months. Just to the east, along Hank Aaron Drive, is the route for MARTA’s first new transit line in decades, a five-mile, bus-rapid transit route linking to downtown that’s now called the A-Line.
According to CMC Development, the 50,000-square-foot, mixed-income Ridge Commons project calls for just 44 residential units, tucked in an area between industrial lots and quiet lanes of houses.
Breakdown of the 1100 Ridge Ave. development site and landmarks within surrounding Peoplestown blocks. Google Maps; Urbanize Atlanta
How Ridge Commons would front Ridge Avenue in Peoplestown, just north of the Terminal South food hall and mixed-use project. CMC Development Group
Plans call for a mix of one and two-bedroom apartments, including some live-work units meant for “entrepreneurs and artists.” Twenty percent of the units will be offered at unspecified below-market rates, per the project’s website.
We’ve reached out to CMC Development this week for more information, including details on a groundbreaking, and we’ll update this story with any additional details that come. City of Atlanta permitting records show no recent activity at the site, which is currently zoned for mixed commercial and residential uses.
A project overview states Ridge Commons received construction financing in October—a mix of Low Income Housing Tax Credits, CMC Equity, and Invest Atlanta funds—and expects to open for tenants in June 2026, the same month as Atlanta’s first FIFA World Cup matches.
CMC Development Group
CMC Development Group
CMC Development, a New York-based firm with a satellite office on Peachtree Road in Buckhead, counts a number of projects from the Bronx to Brooklyn in its portfolio. It’s also a joint-venture partner in a residential project near East Point’s MARTA hub and historic downtown called Norman Berry Village.
The Ridge Avenue project is not to be mistaken with the apartment component of Terminal South, which has proposed 350 units—to the chagrin of some Peoplestown neighbors.
Find more context and images for the Ridge Commons proposal in the gallery above.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Peoplestown news, discussion (Urbanize Atlanta)
Tags
1100 Ridge Avenue
Ridge Commons
Workforce Housing
CMC Development
CMC Development Group
Southside
Beltline
Southside Trail
Atlanta BeltLine
Hank Aaron Drive
Atlanta Development
Atlanta Construction
CMC Equity
Low-Income Housing Tax Credit program
Low-Income Housing Investment Tax Credits
Affordable Housing
MARTA Rapid Summerhill
Bus Rapid Transit
bus rapid transit
A-Line
Images
How Ridge Commons would front Ridge Avenue in Peoplestown, just north of the Terminal South food hall and mixed-use project. CMC Development Group
Breakdown of the 1100 Ridge Ave. development site and landmarks within surrounding Peoplestown blocks. Google Maps; Urbanize Atlanta
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
CMC Development Group
The Peoplestown site in relation to downtown Atlanta and the Connector expressway. CMC Development Group
Subtitle
Transit-connected project to include live-work spaces for entrepreneurs and artists, per developers
Neighborhood
Peoplestown
Background Image
Image
Before/After Images
Sponsored Post
Off
Hines envisions 2,400-acre development with housing, retail, industrial on former Bartow County wildlife area
Hines envisions 2,400-acre development with housing, retail, industrial on former Bartow County wildlife area
A massive mixed-use development has been pitched for a piece of the former Pine Log Wildlife Management Area in Bartow County.
A massive mixed-use development has been pitched for a piece of the former Pine Log Wildlife Management Area in Bartow County. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
A massive mixed-use development has been pitched for a piece of the former Pine Log Wildlife Management Area in Bartow County.
Hines envisions 2,400-acre development with housing, retail, industrial on former Bartow County wildlife area
Hines envisions 2,400-acre development with housing, retail, industrial on former Bartow County wildlife area
A massive mixed-use development has been pitched for a piece of the former Pine Log Wildlife Management Area in Bartow County.
A massive mixed-use development has been pitched for a piece of the former Pine Log Wildlife Management Area in Bartow County. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
A massive mixed-use development has been pitched for a piece of the former Pine Log Wildlife Management Area in Bartow County.
Midtown’s retail scene has long favored restaurants over shopping. Balance could be coming
Midtown’s retail scene has long favored restaurants over shopping. Balance could be coming
An influx of new apartments and new residents could spur more retail development that is focused on shopping in Midtown.
An influx of new apartments and new residents could spur more retail development that is focused on shopping in Midtown. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
An influx of new apartments and new residents could spur more retail development that is focused on shopping in Midtown.
Midtown’s retail scene has long favored restaurants over shopping. Balance could be coming
Midtown’s retail scene has long favored restaurants over shopping. Balance could be coming
An influx of new apartments and new residents could spur more retail development that is focused on shopping in Midtown.
An influx of new apartments and new residents could spur more retail development that is focused on shopping in Midtown. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
An influx of new apartments and new residents could spur more retail development that is focused on shopping in Midtown.
Crescent Helming 400-Unit Durham Apartment Project
Crescent Helming 400-Unit Durham Apartment Project
Crescent Communities started construction on a 400-unit multifamily project in Durham’s University Hill neighborhood. Kyuden Urban Development and NEC Capital Solutions are investing in the project, along with Crescent Communities, which obtained a construction loan from Santander Bank. The Triangle Business Journal reports that The Novel UHill is expected to cost over $100 million to build.
Novel UHill is on two parcels totaling 6.5 acres at 3737 Durham Chapel Hill Boulevard and 3019 Auto Drive. Crescent acquired the properties in two separate transactions for $8.8 million.
The developer plans to open the first apartments at the end of 2026. The entire project should be complete by the end of 2027. Townhomes will also be part of the project.
Rental rates will be between $1,900 for a studio and upwards of $4,000 for 3-bedroom townhomes. The apartments will range from studios to three bedrooms and be between 600 and 1,500 square feet. The townhomes will have two- and three-bedroom options and average about 1,800 square feet.
The post Crescent Helming 400-Unit Durham Apartment Project appeared first on Connect CRE.
Crescent Communities started construction on a 400-unit multifamily project in Durham’s University Hill neighborhood. Kyuden Urban Development and NEC Capital Solutions are investing in the project, along with Crescent Communities, which obtained a construction loan from Santander Bank. The Triangle Business Journal reports that The Novel UHill is expected to cost over $100 million to build. …
The post Crescent Helming 400-Unit Durham Apartment Project appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Crescent Communities started construction on a 400-unit multifamily project in Durham’s University Hill neighborhood. Kyuden Urban Development and NEC Capital Solutions are investing in the project, along with Crescent Communities, which obtained a construction loan from Santander Bank. The Triangle Business Journal reports that The Novel UHill is expected to cost over $100 million to build. …
The post Crescent Helming 400-Unit Durham Apartment Project appeared first on Connect CRE.
Investors Raise Over $100M for Nashville Sr. Housing Project
Investors Raise Over $100M for Nashville Sr. Housing Project
The Clear Blue Co., Urban Campus and Core and Born Again Church have raised over $100 million from numerous sources to start construction on Northview Housing Development, a 254-unit affordable senior housing community in Nashville. STG Design and Thomas & Hutton serve as the main architects, while Bacar Constructors is the general contractor.
The affordable project is scheduled for completion in December 2026. Upon delivery, Northview Housing will cater to seniors earning between 40 and 80 percent of the area median income. The development is rising at 876 W. Trinity Lane on Born Again Church’s campus in the Haynes-Trinity neighborhood just outside Nashville.
Financing includes $43.9 million in tax-credit equity and $53 million in multifamily tax-exempt bonds provided by The Tennessee Housing Development Agency, as well as a $19 million loan from Amazon’s Housing Equity Fund.
Common-area amenities are set to include a fitness center, a rooftop deck, restaurants, a health clinic, a pharmacy, a salon walking trails and recreational spaces.
The post Investors Raise Over $100M for Nashville Sr. Housing Project appeared first on Connect CRE.
The Clear Blue Co., Urban Campus and Core and Born Again Church have raised over $100 million from numerous sources to start construction on Northview Housing Development, a 254-unit affordable senior housing community in Nashville. STG Design and Thomas & Hutton serve as the main architects, while Bacar Constructors is the general contractor. The affordable project is scheduled …
The post Investors Raise Over $100M for Nashville Sr. Housing Project appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
The Clear Blue Co., Urban Campus and Core and Born Again Church have raised over $100 million from numerous sources to start construction on Northview Housing Development, a 254-unit affordable senior housing community in Nashville. STG Design and Thomas & Hutton serve as the main architects, while Bacar Constructors is the general contractor. The affordable project is scheduled …
The post Investors Raise Over $100M for Nashville Sr. Housing Project appeared first on Connect CRE.