Here are the Best in Atlanta Real Estate Awards honorees for 2025
Here are the Best in Atlanta Real Estate Awards honorees for 2025
Atlanta Business Chronicle has chosen its 2025 Best in Atlanta Real Estate Awards winners.
Atlanta Business Chronicle has chosen its 2025 Best in Atlanta Real Estate Awards winners. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
Atlanta Business Chronicle has chosen its 2025 Best in Atlanta Real Estate Awards winners.
Here are the Best in Atlanta Real Estate Awards honorees for 2025
Here are the Best in Atlanta Real Estate Awards honorees for 2025
Atlanta Business Chronicle has chosen its 2025 Best in Atlanta Real Estate Awards winners.
Atlanta Business Chronicle has chosen its 2025 Best in Atlanta Real Estate Awards winners. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
Atlanta Business Chronicle has chosen its 2025 Best in Atlanta Real Estate Awards winners.
Third & Urban acquires 38-acre campus in Sandy Springs
Third & Urban acquires 38-acre campus in Sandy Springs
Northridge Commons spans seven buildings and 470,000 square feet in Sandy Springs.
Northridge Commons spans seven buildings and 470,000 square feet in Sandy Springs. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
Northridge Commons spans seven buildings and 470,000 square feet in Sandy Springs.
Third & Urban acquires 38-acre campus in Sandy Springs
Third & Urban acquires 38-acre campus in Sandy Springs
Northridge Commons spans seven buildings and 470,000 square feet in Sandy Springs.
Northridge Commons spans seven buildings and 470,000 square feet in Sandy Springs. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
Northridge Commons spans seven buildings and 470,000 square feet in Sandy Springs.
Images: Gorgeous downtown ATL building makes ‘Places in Peril’ list
Images: Gorgeous downtown ATL building makes ‘Places in Peril’ list
Images: Gorgeous downtown ATL building makes ‘Places in Peril’ list
Josh Green
Wed, 02/26/2025 – 13:21
The Georgia Trust for Historic Preservation today released the 20th edition of its closely watched 10 Places in Peril list, and two of those places are in metro Atlanta this year.
One of them—an architecturally significant, nearly century-old former substation building in the shadow of downtown skyscrapers—is facing threats of demolition for surface parking.
Situated just east of revitalized Hurt Park, the 148 Edgewood Ave. structure was built in 1926 as a Georgia Railway and Power Company substation and “played a crucial role in powering downtown Atlanta,” according to the Georgia Trust for Historic Preservation’s recap.
It’s part of the Martin Luther King, Jr. National Register District, which the statewide preservation organization also considers threatened.
The facade of 148 Edgewood Ave. today, situated between Hurt Park and the downtown Connector. Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
The Edgewood Avenue building was purchased in 1966 by Georgia State University, which has recently proposed demolishing it to clear space for a surface parking lot. A demolition permit has been signed by Georgia Gov. Brian Kemp, according to the Places in Peril list.
Downtown residents and Atlanta preservationists spoke out in opposition to demolition plans last fall, circulation a petition that now has more than 1,000 signatures.
Though the building is a contributing structure in the historic district, GSU and the state’s Board of Regents have sovereign immunity “over the City of Atlanta’s zoning ordinances that would otherwise protect the building from needless demolition,” reads the petition. (Find more images of 148 Edgewood Ave. in the gallery above.)
The 148 Edgewood Ave. structure’s location just east of downtown sky-rises. Google Maps
Courtesy of Georgia Trust for Historic Preservation
For 20 years, the Places in Peril shortlist has aimed to spotlight significant cultural, historic, and archaeological resources across Georgia threatened by neglect, demolition, bad public policy, and inappropriate development.
Also making the Georgia Trust for Historic Preservation’s cut this year is a unique museum facility dedicated to transportation in Gwinnett County.
Overview of Duluth’s Southeastern Railway Museum today.Courtesy of Georgia Trust for Historic Preservation
Duluth’s Southeastern Railway Museum, spread across 35 acres, includes a “remarkable collection of rolling stock” that showcases Georgia history (see: the retired MARTA train cars on site) and helps tell the story of transportation in America. Notable railcars in the museum’s collection include the 1911 Pullman Superb (listed on the National Register of Historic Places) and President Franklin D. Roosevelt’s Marco Polo.
“The museum thrives on a small staff and a team of dedicated volunteers,” noted preservation officials. “However, with over 90 pieces of historic rolling stock, the museum is limited in its capacity to restore and care for the whole collection.”
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
The eight other sites on the 2025 Places in Peril list are:
Collier-Toomer House in Savannah (Chatham County); Crossroads Rosenwald School in Dixie (Brooks County); Gaissert Homeplace in Williamson (Spalding County); Miami Valley Peach Packing Barn in Fort Valley (Peach County); Historic Nicholsonboro Baptist Church in Savannah (Chatham County); Powell Opera House in Blakely (Early County); Historic Rock House in Thomson (McDuffie County); and Buckhead Town Hall and Jail in the town of Buckhead (Morgan County).
…
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The 148 Edgewood Ave. structure’s location just east of downtown sky-rises. Google Maps
The facade of 148 Edgewood Ave. today, situated between Hurt Park and the downtown Connector. Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Overview of Duluth’s Southeastern Railway Museum today.Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Images: Gorgeous downtown ATL building makes ‘Places in Peril’ list
Josh Green
Wed, 02/26/2025 – 13:21
The Georgia Trust for Historic Preservation today released the 20th edition of its closely watched 10 Places in Peril list, and two of those places are in metro Atlanta this year.One of them—an architecturally significant, nearly century-old former substation building in the shadow of downtown skyscrapers—is facing threats of demolition for surface parking. Situated just east of revitalized Hurt Park, the 148 Edgewood Ave. structure was built in 1926 as a Georgia Railway and Power Company substation and “played a crucial role in powering downtown Atlanta,” according to the Georgia Trust for Historic Preservation’s recap. It’s part of the Martin Luther King, Jr. National Register District, which the statewide preservation organization also considers threatened.
The facade of 148 Edgewood Ave. today, situated between Hurt Park and the downtown Connector. Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
The Edgewood Avenue building was purchased in 1966 by Georgia State University, which has recently proposed demolishing it to clear space for a surface parking lot. A demolition permit has been signed by Georgia Gov. Brian Kemp, according to the Places in Peril list. Downtown residents and Atlanta preservationists spoke out in opposition to demolition plans last fall, circulation a petition that now has more than 1,000 signatures. Though the building is a contributing structure in the historic district, GSU and the state’s Board of Regents have sovereign immunity “over the City of Atlanta’s zoning ordinances that would otherwise protect the building from needless demolition,” reads the petition. (Find more images of 148 Edgewood Ave. in the gallery above.)
The 148 Edgewood Ave. structure’s location just east of downtown sky-rises. Google Maps
Courtesy of Georgia Trust for Historic Preservation
For 20 years, the Places in Peril shortlist has aimed to spotlight significant cultural, historic, and archaeological resources across Georgia threatened by neglect, demolition, bad public policy, and inappropriate development. Also making the Georgia Trust for Historic Preservation’s cut this year is a unique museum facility dedicated to transportation in Gwinnett County.
Overview of Duluth’s Southeastern Railway Museum today.Courtesy of Georgia Trust for Historic Preservation
Duluth’s Southeastern Railway Museum, spread across 35 acres, includes a “remarkable collection of rolling stock” that showcases Georgia history (see: the retired MARTA train cars on site) and helps tell the story of transportation in America. Notable railcars in the museum’s collection include the 1911 Pullman Superb (listed on the National Register of Historic Places) and President Franklin D. Roosevelt’s Marco Polo. “The museum thrives on a small staff and a team of dedicated volunteers,” noted preservation officials. “However, with over 90 pieces of historic rolling stock, the museum is limited in its capacity to restore and care for the whole collection.”
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
The eight other sites on the 2025 Places in Peril list are:Collier-Toomer House in Savannah (Chatham County); Crossroads Rosenwald School in Dixie (Brooks County); Gaissert Homeplace in Williamson (Spalding County); Miami Valley Peach Packing Barn in Fort Valley (Peach County); Historic Nicholsonboro Baptist Church in Savannah (Chatham County); Powell Opera House in Blakely (Early County); Historic Rock House in Thomson (McDuffie County); and Buckhead Town Hall and Jail in the town of Buckhead (Morgan County)….Follow us on social media: Twitter / Facebook/and now: Instagram • Downtown news, discussion (Urbanize Atlanta)
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148 Edgewood Ave.
Georgia Trust for Historic Preservation
Places in Peril
Georgia
Atlanta History
Atlanta Architecture
Georgia State University
GSU
Southeastern Railway Museum
Atlanta Historic
Atlanta Historic Preservation
Historic Preservation
Images
The 148 Edgewood Ave. structure’s location just east of downtown sky-rises. Google Maps
The facade of 148 Edgewood Ave. today, situated between Hurt Park and the downtown Connector. Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Overview of Duluth’s Southeastern Railway Museum today.Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Subtitle
Century-old structure could be razed for parking lot, per Georgia Trust for Historic Preservation
Neighborhood
Downtown
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Sponsored Post
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Images: Gorgeous downtown ATL building makes ‘Places in Peril’ list
Josh Green
Wed, 02/26/2025 – 13:21
The Georgia Trust for Historic Preservation today released the 20th edition of its closely watched 10 Places in Peril list, and two of those places are in metro Atlanta this year.One of them—an architecturally significant, nearly century-old former substation building in the shadow of downtown skyscrapers—is facing threats of demolition for surface parking. Situated just east of revitalized Hurt Park, the 148 Edgewood Ave. structure was built in 1926 as a Georgia Railway and Power Company substation and “played a crucial role in powering downtown Atlanta,” according to the Georgia Trust for Historic Preservation’s recap. It’s part of the Martin Luther King, Jr. National Register District, which the statewide preservation organization also considers threatened.
The facade of 148 Edgewood Ave. today, situated between Hurt Park and the downtown Connector. Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
The Edgewood Avenue building was purchased in 1966 by Georgia State University, which has recently proposed demolishing it to clear space for a surface parking lot. A demolition permit has been signed by Georgia Gov. Brian Kemp, according to the Places in Peril list. Downtown residents and Atlanta preservationists spoke out in opposition to demolition plans last fall, circulation a petition that now has more than 1,000 signatures. Though the building is a contributing structure in the historic district, GSU and the state’s Board of Regents have sovereign immunity “over the City of Atlanta’s zoning ordinances that would otherwise protect the building from needless demolition,” reads the petition. (Find more images of 148 Edgewood Ave. in the gallery above.)
The 148 Edgewood Ave. structure’s location just east of downtown sky-rises. Google Maps
Courtesy of Georgia Trust for Historic Preservation
For 20 years, the Places in Peril shortlist has aimed to spotlight significant cultural, historic, and archaeological resources across Georgia threatened by neglect, demolition, bad public policy, and inappropriate development. Also making the Georgia Trust for Historic Preservation’s cut this year is a unique museum facility dedicated to transportation in Gwinnett County.
Overview of Duluth’s Southeastern Railway Museum today.Courtesy of Georgia Trust for Historic Preservation
Duluth’s Southeastern Railway Museum, spread across 35 acres, includes a “remarkable collection of rolling stock” that showcases Georgia history (see: the retired MARTA train cars on site) and helps tell the story of transportation in America. Notable railcars in the museum’s collection include the 1911 Pullman Superb (listed on the National Register of Historic Places) and President Franklin D. Roosevelt’s Marco Polo. “The museum thrives on a small staff and a team of dedicated volunteers,” noted preservation officials. “However, with over 90 pieces of historic rolling stock, the museum is limited in its capacity to restore and care for the whole collection.”
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
The eight other sites on the 2025 Places in Peril list are:Collier-Toomer House in Savannah (Chatham County); Crossroads Rosenwald School in Dixie (Brooks County); Gaissert Homeplace in Williamson (Spalding County); Miami Valley Peach Packing Barn in Fort Valley (Peach County); Historic Nicholsonboro Baptist Church in Savannah (Chatham County); Powell Opera House in Blakely (Early County); Historic Rock House in Thomson (McDuffie County); and Buckhead Town Hall and Jail in the town of Buckhead (Morgan County)….Follow us on social media: Twitter / Facebook/and now: Instagram • Downtown news, discussion (Urbanize Atlanta)
Tags
148 Edgewood Ave.
Georgia Trust for Historic Preservation
Places in Peril
Georgia
Atlanta History
Atlanta Architecture
Georgia State University
GSU
Southeastern Railway Museum
Atlanta Historic
Atlanta Historic Preservation
Historic Preservation
Images
The 148 Edgewood Ave. structure’s location just east of downtown sky-rises. Google Maps
The facade of 148 Edgewood Ave. today, situated between Hurt Park and the downtown Connector. Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Overview of Duluth’s Southeastern Railway Museum today.Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Courtesy of Georgia Trust for Historic Preservation
Subtitle
Century-old structure could be razed for parking lot, per Georgia Trust for Historic Preservation
Neighborhood
Downtown
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Bob’s Furniture to Take Over 6 NC Bed, Bath & Beyond Locations
Bob’s Furniture to Take Over 6 NC Bed, Bath & Beyond Locations
Filling up the 900 shuttered Bed, Bath and Beyond stores will take some time. One retailer is doing its best to fill the void. Bob’s Discount Furniture will open a store this summer in Winston-Salem at 1020 Hanes Mall Boulevard. The Triad Business Journal reports Bob’s signed a 10-year lease earlier this month for 37,340 square feet in Hanes Point Shopping Center. The company will spend $500,000 on the renovations.
The retailer will also open five other North Carolina locations in former Bed Bath & Beyond stores in Durham, Cary, Fayetteville, Wilmington and Jacksonville.
The stores in North Carolina will be serviced by Bob’s existing distribution center infrastructure and third-party delivery relationships. Bob’s Discount Furniture has just under 200 stores across the nation, concentrated in the Northeast, Mid-Atlantic, Midwest and West Coast regions. The closest store to North Carolina is in Chesapeake, Virginia.
The post Bob’s Furniture to Take Over 6 NC Bed, Bath & Beyond Locations appeared first on Connect CRE.
Filling up the 900 shuttered Bed, Bath and Beyond stores will take some time. One retailer is doing its best to fill the void. Bob’s Discount Furniture will open a store this summer in Winston-Salem at 1020 Hanes Mall Boulevard. The Triad Business Journal reports Bob’s signed a 10-year lease earlier this month for 37,340 …
The post Bob’s Furniture to Take Over 6 NC Bed, Bath & Beyond Locations appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Filling up the 900 shuttered Bed, Bath and Beyond stores will take some time. One retailer is doing its best to fill the void. Bob’s Discount Furniture will open a store this summer in Winston-Salem at 1020 Hanes Mall Boulevard. The Triad Business Journal reports Bob’s signed a 10-year lease earlier this month for 37,340 …
The post Bob’s Furniture to Take Over 6 NC Bed, Bath & Beyond Locations appeared first on Connect CRE.
Office valuations drop again as market has yet to find bottom
Office valuations drop again as market has yet to find bottom
Office valuations fell 11% in 2024, with central business district properties seeing the biggest slumps.
Office valuations fell 11% in 2024, with central business district properties seeing the biggest slumps. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
Office valuations fell 11% in 2024, with central business district properties seeing the biggest slumps.
Office valuations drop again as market has yet to find bottom
Office valuations drop again as market has yet to find bottom
Office valuations fell 11% in 2024, with central business district properties seeing the biggest slumps.
Office valuations fell 11% in 2024, with central business district properties seeing the biggest slumps. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
Office valuations fell 11% in 2024, with central business district properties seeing the biggest slumps.
At Pullman Yards’ doorstep, loft building on chopping block for development
At Pullman Yards’ doorstep, loft building on chopping block for development
At Pullman Yards’ doorstep, loft building on chopping block for development
Josh Green
Wed, 02/26/2025 – 08:01
Recent years have seen blocks around mixed-use district Pullman Yards spring to life with condos and townhome projects both for-sale and not. It appears that trend is set to continue.
A 44-unit townhome development is in the works for a 206 Rogers St. property at the doorstep of Pullman Yards, across the street from its AlcoHall drinks and events concept and restaurants Fishmonger and Brick and Mortar.
According to filings recently made with Atlanta’s Department of City Planning, the townhome project would include nine buildings total, with some live-work units.
A review process for the townhome proposal is ongoing, according to the city.
Overview of the roughly 3 acres where townhomes are proposed at 206 Rogers St. NE. Google Maps
The townhomes would replace a longstanding, adaptive-reuse complex called The Warehouse Lofts, which has been home to residential units, furniture makers, artisans, a commercial photography studio, and other uses over the years.
According to property managers Atlanta Loft Source, The Warehouse building was converted from industrial uses to lofts in 1986, marking one of the first conversions of its kind in the city.
The roughly 3-acre property is situated just south of DeKalb Avenue, near Kirkwood’s western border with Edgewood.
The converted Rogers Street warehouse in question, at left, and its proximity to Pullman Yards. Google Maps
We’ve reached out to development officials for more information on the townhome proposal, including information on a potential construction schedule and site plans. This story will be update if further details come.
Have a look behind The Warehouse gates and inside lofts, as they stand today, over here.
Parking and northern exteriors of The Warehouse Lofts today. Atlanta Loft Source
…
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Overview of the roughly 3 acres where townhomes are proposed at 206 Rogers St. NE. Google Maps
The converted Rogers Street warehouse in question, at left, and its proximity to Pullman Yards. Google Maps
Parking and northern exteriors of The Warehouse Lofts today. Atlanta Loft Source
At Pullman Yards’ doorstep, loft building on chopping block for development
Josh Green
Wed, 02/26/2025 – 08:01
Recent years have seen blocks around mixed-use district Pullman Yards spring to life with condos and townhome projects both for-sale and not. It appears that trend is set to continue. A 44-unit townhome development is in the works for a 206 Rogers St. property at the doorstep of Pullman Yards, across the street from its AlcoHall drinks and events concept and restaurants Fishmonger and Brick and Mortar. According to filings recently made with Atlanta’s Department of City Planning, the townhome project would include nine buildings total, with some live-work units.A review process for the townhome proposal is ongoing, according to the city.
Overview of the roughly 3 acres where townhomes are proposed at 206 Rogers St. NE. Google Maps
The townhomes would replace a longstanding, adaptive-reuse complex called The Warehouse Lofts, which has been home to residential units, furniture makers, artisans, a commercial photography studio, and other uses over the years. According to property managers Atlanta Loft Source, The Warehouse building was converted from industrial uses to lofts in 1986, marking one of the first conversions of its kind in the city. The roughly 3-acre property is situated just south of DeKalb Avenue, near Kirkwood’s western border with Edgewood.
The converted Rogers Street warehouse in question, at left, and its proximity to Pullman Yards. Google Maps
We’ve reached out to development officials for more information on the townhome proposal, including information on a potential construction schedule and site plans. This story will be update if further details come. Have a look behind The Warehouse gates and inside lofts, as they stand today, over here.
Parking and northern exteriors of The Warehouse Lofts today. Atlanta Loft Source
…Follow us on social media: Twitter / Facebook/and now: Instagram • Kirkwood news, discussion (Urbanize Atlanta)
Tags
206 Rogers St.
The Warehouse Lofts
Atlanta Loft Source
Atlanta Townhomes
Pullman Yards
Atlanta Development
Atlanta Construction
Infill Development
Kirkwood Development
Rogers Street
Images
Overview of the roughly 3 acres where townhomes are proposed at 206 Rogers St. NE. Google Maps
The converted Rogers Street warehouse in question, at left, and its proximity to Pullman Yards. Google Maps
Parking and northern exteriors of The Warehouse Lofts today. Atlanta Loft Source
Subtitle
Plans call for townhome community along Kirkwood’s Rogers Street
Neighborhood
Kirkwood
Background Image
Image
Before/After Images
Sponsored Post
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At Pullman Yards’ doorstep, loft building on chopping block for development
Josh Green
Wed, 02/26/2025 – 08:01
Recent years have seen blocks around mixed-use district Pullman Yards spring to life with condos and townhome projects both for-sale and not. It appears that trend is set to continue. A 44-unit townhome development is in the works for a 206 Rogers St. property at the doorstep of Pullman Yards, across the street from its AlcoHall drinks and events concept and restaurants Fishmonger and Brick and Mortar. According to filings recently made with Atlanta’s Department of City Planning, the townhome project would include nine buildings total, with some live-work units.A review process for the townhome proposal is ongoing, according to the city.
Overview of the roughly 3 acres where townhomes are proposed at 206 Rogers St. NE. Google Maps
The townhomes would replace a longstanding, adaptive-reuse complex called The Warehouse Lofts, which has been home to residential units, furniture makers, artisans, a commercial photography studio, and other uses over the years. According to property managers Atlanta Loft Source, The Warehouse building was converted from industrial uses to lofts in 1986, marking one of the first conversions of its kind in the city. The roughly 3-acre property is situated just south of DeKalb Avenue, near Kirkwood’s western border with Edgewood.
The converted Rogers Street warehouse in question, at left, and its proximity to Pullman Yards. Google Maps
We’ve reached out to development officials for more information on the townhome proposal, including information on a potential construction schedule and site plans. This story will be update if further details come. Have a look behind The Warehouse gates and inside lofts, as they stand today, over here.
Parking and northern exteriors of The Warehouse Lofts today. Atlanta Loft Source
…Follow us on social media: Twitter / Facebook/and now: Instagram • Kirkwood news, discussion (Urbanize Atlanta)
Tags
206 Rogers St.
The Warehouse Lofts
Atlanta Loft Source
Atlanta Townhomes
Pullman Yards
Atlanta Development
Atlanta Construction
Infill Development
Kirkwood Development
Rogers Street
Images
Overview of the roughly 3 acres where townhomes are proposed at 206 Rogers St. NE. Google Maps
The converted Rogers Street warehouse in question, at left, and its proximity to Pullman Yards. Google Maps
Parking and northern exteriors of The Warehouse Lofts today. Atlanta Loft Source
Subtitle
Plans call for townhome community along Kirkwood’s Rogers Street
Neighborhood
Kirkwood
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Image
Before/After Images
Sponsored Post
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Development Team Obtains $42.7M Construction Loan for Monroe Apartments
Development Team Obtains $42.7M Construction Loan for Monroe Apartments
Green River Builders and ARC Multifamily Group obtained a construction loan, allowing them to proceed with a 282-unit multifamily development in Monroe, Georgia. The $42.7 million loan is for The Jax, a garden-style apartment complex. Green River is based in Monroe, about 20 minutes east of Atlanta.
Blake Cohen and Charlie Clark with CBRE Capital Markets’ Debt & Structured Finance in Atlanta represented the borrowers. Peachtree Group provided the two-and-a-half-year full-term, interest-only loan at approximately 74% loan-to-cost. The loan was also structured with an earnout based on completion and leasing hurdles.
Located at 200 Aycock Avenue, the project will comprise seven three-story residential buildings with one-, two-, and three-bedroom floorplans averaging 1,117 square feet. Community amenities include a business center, clubhouse, pool, fitness center, volleyball court, picnic area, EV charging, and a breakfast/coffee concierge.
ARC Multifamily invests in multifamily properties throughout the Southeast United States.
The post Development Team Obtains $42.7M Construction Loan for Monroe Apartments appeared first on Connect CRE.
Green River Builders and ARC Multifamily Group obtained a construction loan, allowing them to proceed with a 282-unit multifamily development in Monroe, Georgia. The $42.7 million loan is for The Jax, a garden-style apartment complex. Green River is based in Monroe, about 20 minutes east of Atlanta. Blake Cohen and Charlie Clark with CBRE Capital Markets’ Debt & …
The post Development Team Obtains $42.7M Construction Loan for Monroe Apartments appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Green River Builders and ARC Multifamily Group obtained a construction loan, allowing them to proceed with a 282-unit multifamily development in Monroe, Georgia. The $42.7 million loan is for The Jax, a garden-style apartment complex. Green River is based in Monroe, about 20 minutes east of Atlanta. Blake Cohen and Charlie Clark with CBRE Capital Markets’ Debt & …
The post Development Team Obtains $42.7M Construction Loan for Monroe Apartments appeared first on Connect CRE.