New Central Perimeter mixed-use district debuts hotel component
New Central Perimeter mixed-use district debuts hotel component
New Central Perimeter mixed-use district debuts hotel component
Josh Green
Mon, 11/18/2024 – 15:21
The hotel facet of a new Central Perimeter mixed-use district is officially open for business.
Vision Hospitality Group has opened its 145-room flagship, Element Atlanta Perimeter Center, as the hotel component of adaptive-reuse, transit-connected development Campus 244.
The broader project co-developed by Georgetown Company, Beacon Capital Partners, and RocaPoint Partners is creating Class A offices, greenspaces, and bars and restaurants from a formerly vacant office building and parking lots spread across 12 acres.
The Element hotel’s debut comes during a challenging time for Central Perimeter lodging, when just 60 percent of office buildings—the lifeblood for hotels in the area—are occupied on a daily basis, as Bisnow Atlanta recently reported. The first new office building at Campus 244, however, has been an outlier for the metro overall, leasing more than 90 percent of its 405,000 square feet next door to the hotel, as of September.
How the 145-room Element hotel meets a communal courtyard at Campus 244. Element Atlanta Perimeter Center
Campus 244’s location on Perimeter Center Parkway in relation to Interstate 285, Perimeter Mall, and other area landmarks. Google Maps
The Element hotel will include two food-and-beverage offerings: a new boutique cocktail lounge concept called The Spruce Social House, and a first for metro Atlanta, Stäge Kitchen & Bar.
The Spruce Social House features a large, four-sided indoor-outdoor bar that abuts an outdoor seating area at the base of the hotel. The lounge is envisioned as a hub for Campus 244 employees, nearby residents, and guests.
Stäge, meanwhile, is expected to include a large outdoor patio and a seasonal menu focused on steaks, sushi, seafood, and pasta. According to Element’s website, that concept has yet to open.
Element is aiming to lean into sustainability with features that include EV charging stations and advanced water filtration systems.
Standard room rates this week start from around $170 per night.
The Campus 244 site plan for full buildout. The Georgetown Company/Campus 244
Phase two plans for The Stacks building, a 300,000-square-foot, Class-AA office space, and an adjoining parking garage. Today’s phase one is shown at left. Courtesy of RocaPoint Partners/Georgetown Company; designs, Skidmore Owings & Merrill
Mitch Patel, founder and CEO of Vision Hospitality Group, called the Element project “a fantastic addition” to the company’s portfolio and “a perfect complement to the energy of the Campus 244 mixed-use development” in an announcement for the hotel opening.
Eventually, Campus 244 is expected to encompass 1.3 million square feet of mixed uses spread across its 12 acres next to MARTA’s Dunwoody station and Interstate 285. It’s considered an important component of a subdistrict that’s making strides toward improved walkability.
…
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How the 145-room Element hotel meets a communal courtyard at Campus 244. Element Atlanta Perimeter Center
Campus 244’s location on Perimeter Center Parkway in relation to Interstate 285, Perimeter Mall, and other area landmarks. Google Maps
The Campus 244 site plan for full buildout. The Georgetown Company/Campus 244
Phase two plans for The Stacks building, a 300,000-square-foot, Class-AA office space, and an adjoining parking garage. Today’s phase one is shown at left. Courtesy of RocaPoint Partners/Georgetown Company; designs, Skidmore Owings & Merrill
New Central Perimeter mixed-use district debuts hotel component
Josh Green
Mon, 11/18/2024 – 15:21
The hotel facet of a new Central Perimeter mixed-use district is officially open for business.
Vision Hospitality Group has opened its 145-room flagship, Element Atlanta Perimeter Center, as the hotel component of adaptive-reuse, transit-connected development Campus 244.
The broader project co-developed by Georgetown Company, Beacon Capital Partners, and RocaPoint Partners is creating Class A offices, greenspaces, and bars and restaurants from a formerly vacant office building and parking lots spread across 12 acres.
The Element hotel’s debut comes during a challenging time for Central Perimeter lodging, when just 60 percent of office buildings—the lifeblood for hotels in the area—are occupied on a daily basis, as Bisnow Atlanta recently reported. The first new office building at Campus 244, however, has been an outlier for the metro overall, leasing more than 90 percent of its 405,000 square feet next door to the hotel, as of September.
How the 145-room Element hotel meets a communal courtyard at Campus 244. Element Atlanta Perimeter Center
Campus 244’s location on Perimeter Center Parkway in relation to Interstate 285, Perimeter Mall, and other area landmarks. Google Maps
The Element hotel will include two food-and-beverage offerings: a new boutique cocktail lounge concept called The Spruce Social House, and a first for metro Atlanta, Stäge Kitchen & Bar.
The Spruce Social House features a large, four-sided indoor-outdoor bar that abuts an outdoor seating area at the base of the hotel. The lounge is envisioned as a hub for Campus 244 employees, nearby residents, and guests.
Stäge, meanwhile, is expected to include a large outdoor patio and a seasonal menu focused on steaks, sushi, seafood, and pasta. According to Element’s website, that concept has yet to open.
Element is aiming to lean into sustainability with features that include EV charging stations and advanced water filtration systems.
Standard room rates this week start from around $170 per night.
The Campus 244 site plan for full buildout. The Georgetown Company/Campus 244
Phase two plans for The Stacks building, a 300,000-square-foot, Class-AA office space, and an adjoining parking garage. Today’s phase one is shown at left. Courtesy of RocaPoint Partners/Georgetown Company; designs, Skidmore Owings & Merrill
Mitch Patel, founder and CEO of Vision Hospitality Group, called the Element project “a fantastic addition” to the company’s portfolio and “a perfect complement to the energy of the Campus 244 mixed-use development” in an announcement for the hotel opening.
Eventually, Campus 244 is expected to encompass 1.3 million square feet of mixed uses spread across its 12 acres next to MARTA’s Dunwoody station and Interstate 285. It’s considered an important component of a subdistrict that’s making strides toward improved walkability.
…
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• Dunwoody news, discussion (Urbanize Atlanta)
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244 Perimeter Center Parkway NE
Main Street Advisors
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AC Hotel by Marriott Atlanta Perimeter
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How the 145-room Element hotel meets a communal courtyard at Campus 244. Element Atlanta Perimeter Center
Campus 244’s location on Perimeter Center Parkway in relation to Interstate 285, Perimeter Mall, and other area landmarks. Google Maps
The Campus 244 site plan for full buildout. The Georgetown Company/Campus 244
Phase two plans for The Stacks building, a 300,000-square-foot, Class-AA office space, and an adjoining parking garage. Today’s phase one is shown at left. Courtesy of RocaPoint Partners/Georgetown Company; designs, Skidmore Owings & Merrill
Subtitle
Dunwoody’s Element Atlanta Perimeter Center includes two food and beverage concepts
Neighborhood
Dunwoody
Background Image
Image
Associated Project
Campus 244
Before/After Images
Sponsored Post
Off Read More
New Central Perimeter mixed-use district debuts hotel component
Josh Green
Mon, 11/18/2024 – 15:21
The hotel facet of a new Central Perimeter mixed-use district is officially open for business.
Vision Hospitality Group has opened its 145-room flagship, Element Atlanta Perimeter Center, as the hotel component of adaptive-reuse, transit-connected development Campus 244.
The broader project co-developed by Georgetown Company, Beacon Capital Partners, and RocaPoint Partners is creating Class A offices, greenspaces, and bars and restaurants from a formerly vacant office building and parking lots spread across 12 acres.
The Element hotel’s debut comes during a challenging time for Central Perimeter lodging, when just 60 percent of office buildings—the lifeblood for hotels in the area—are occupied on a daily basis, as Bisnow Atlanta recently reported. The first new office building at Campus 244, however, has been an outlier for the metro overall, leasing more than 90 percent of its 405,000 square feet next door to the hotel, as of September.
How the 145-room Element hotel meets a communal courtyard at Campus 244. Element Atlanta Perimeter Center
Campus 244’s location on Perimeter Center Parkway in relation to Interstate 285, Perimeter Mall, and other area landmarks. Google Maps
The Element hotel will include two food-and-beverage offerings: a new boutique cocktail lounge concept called The Spruce Social House, and a first for metro Atlanta, Stäge Kitchen & Bar.
The Spruce Social House features a large, four-sided indoor-outdoor bar that abuts an outdoor seating area at the base of the hotel. The lounge is envisioned as a hub for Campus 244 employees, nearby residents, and guests.
Stäge, meanwhile, is expected to include a large outdoor patio and a seasonal menu focused on steaks, sushi, seafood, and pasta. According to Element’s website, that concept has yet to open.
Element is aiming to lean into sustainability with features that include EV charging stations and advanced water filtration systems.
Standard room rates this week start from around $170 per night.
The Campus 244 site plan for full buildout. The Georgetown Company/Campus 244
Phase two plans for The Stacks building, a 300,000-square-foot, Class-AA office space, and an adjoining parking garage. Today’s phase one is shown at left. Courtesy of RocaPoint Partners/Georgetown Company; designs, Skidmore Owings & Merrill
Mitch Patel, founder and CEO of Vision Hospitality Group, called the Element project “a fantastic addition” to the company’s portfolio and “a perfect complement to the energy of the Campus 244 mixed-use development” in an announcement for the hotel opening.
Eventually, Campus 244 is expected to encompass 1.3 million square feet of mixed uses spread across its 12 acres next to MARTA’s Dunwoody station and Interstate 285. It’s considered an important component of a subdistrict that’s making strides toward improved walkability.
…
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Twitter / Facebook/and now: Instagram
• Dunwoody news, discussion (Urbanize Atlanta)
Tags
244 Perimeter Center Parkway NE
Main Street Advisors
Georgetown Company
RocaPoint Partners
Campus 244
Central Perimeter
Gold Kist
Element Hotel
S9 Architecture
Marriott Bonvoy
AC Hotel by Marriott Atlanta Perimeter
Dunwoody MARTA Station
MARTA
Adaptive-Reuse
Atlanta Development
Vision Hospitality Group
Yenser Co.
Pill Hill
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SOM
Skidmore Owings & Merrill
Element by Westin Atlanta Perimeter
Insight Global
Beon
The Spruce Social House
Stäge Kitchen & Bar
CT Cantina & Taqueria
Marketwake
Images
How the 145-room Element hotel meets a communal courtyard at Campus 244. Element Atlanta Perimeter Center
Campus 244’s location on Perimeter Center Parkway in relation to Interstate 285, Perimeter Mall, and other area landmarks. Google Maps
The Campus 244 site plan for full buildout. The Georgetown Company/Campus 244
Phase two plans for The Stacks building, a 300,000-square-foot, Class-AA office space, and an adjoining parking garage. Today’s phase one is shown at left. Courtesy of RocaPoint Partners/Georgetown Company; designs, Skidmore Owings & Merrill
Subtitle
Dunwoody’s Element Atlanta Perimeter Center includes two food and beverage concepts
Neighborhood
Dunwoody
Background Image
Image
Associated Project
Campus 244
Before/After Images
Sponsored Post
Off
31-story apartment tower brings co-living options to Midtown
31-story apartment tower brings co-living options to Midtown
A 31-story apartment tower in the heart of Midtown Atlanta is preparing to house its first wave of tenants.
A 31-story apartment tower in the heart of Midtown Atlanta is preparing to house its first wave of tenants. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
A 31-story apartment tower in the heart of Midtown Atlanta is preparing to house its first wave of tenants.
31-story apartment tower brings co-living options to Midtown
31-story apartment tower brings co-living options to Midtown
A 31-story apartment tower in the heart of Midtown Atlanta is preparing to house its first wave of tenants.
A 31-story apartment tower in the heart of Midtown Atlanta is preparing to house its first wave of tenants. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
A 31-story apartment tower in the heart of Midtown Atlanta is preparing to house its first wave of tenants.
Pocket of modern-style townhomes floated near Atlanta airport
Pocket of modern-style townhomes floated near Atlanta airport
Pocket of modern-style townhomes floated near Atlanta airport
Josh Green
Mon, 11/18/2024 – 13:50
A wooded parcel of land southwest of downtown Atlanta could make way for a modern-style pocket of townhomes with enviable airport proximity, according to sellers.
Site plans and elevations for an infill proposal near the intersection of Stone Road and Ridgeview Drive call for 11 distinctly contemporary homes to rise in two buildings.
The 1.4-acre site is located where East Point city limits meet Atlanta’s neighborhood Greenbriar near Interstate 285, just south of Greenbriar Mall and about 10 minutes northwest of the airport.
The land itself listed in recent days with Coldwell Banker Realty for $675,000.
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
According to listings, the site has been rezoned, studied, and approved to allow for townhome construction.
The land sale would include JDM Consultants’ site plan, a full engineering study, a topographical survey, preliminary architectural floorplans and elevations, an arborist report, a traffic impact study, and other documentation.
In a pitch to “all developers, builders, and investors,” listings for the property point to access to the airport and major highways, Greenbriar, and the Camp Creek area as perks of the location. (Tyler Perry Studios is also listed as a nearby selling point, though that’s more than six and ½ miles away.)
JDM Consultants; via Coldwell Banker Realty/GAMLS
The 0 Stone Road townhome proposal location in relation to Hartsfield-Jackson Atlanta International Airport, Greenbriar Mall, East Point, and I-285. Google Maps
Atlanta schools for the location are listed at Centennial Place Elementary, Bunche Middle, and Therrell High schools.
Sizes of the 11 townhomes and potential prices aren’t specified. We’ve submitted an inquiry with Coldwell Banker for more information and will update this post should that come.
Swing up to the gallery for more context and visuals.
…
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• College Park, East Point news, discussion (Urbanize Atlanta)
The 0 Stone Road townhome proposal location in relation to Hartsfield-Jackson Atlanta International Airport, Greenbriar Mall, East Point, and I-285. Google Maps
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
Pocket of modern-style townhomes floated near Atlanta airport
Josh Green
Mon, 11/18/2024 – 13:50
A wooded parcel of land southwest of downtown Atlanta could make way for a modern-style pocket of townhomes with enviable airport proximity, according to sellers.
Site plans and elevations for an infill proposal near the intersection of Stone Road and Ridgeview Drive call for 11 distinctly contemporary homes to rise in two buildings.
The 1.4-acre site is located where East Point city limits meet Atlanta’s neighborhood Greenbriar near Interstate 285, just south of Greenbriar Mall and about 10 minutes northwest of the airport.
The land itself listed in recent days with Coldwell Banker Realty for $675,000.
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
According to listings, the site has been rezoned, studied, and approved to allow for townhome construction.
The land sale would include JDM Consultants’ site plan, a full engineering study, a topographical survey, preliminary architectural floorplans and elevations, an arborist report, a traffic impact study, and other documentation.
In a pitch to “all developers, builders, and investors,” listings for the property point to access to the airport and major highways, Greenbriar, and the Camp Creek area as perks of the location. (Tyler Perry Studios is also listed as a nearby selling point, though that’s more than six and ½ miles away.)
JDM Consultants; via Coldwell Banker Realty/GAMLS
The 0 Stone Road townhome proposal location in relation to Hartsfield-Jackson Atlanta International Airport, Greenbriar Mall, East Point, and I-285. Google Maps
Atlanta schools for the location are listed at Centennial Place Elementary, Bunche Middle, and Therrell High schools.
Sizes of the 11 townhomes and potential prices aren’t specified. We’ve submitted an inquiry with Coldwell Banker for more information and will update this post should that come.
Swing up to the gallery for more context and visuals.
…
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Twitter / Facebook/and now: Instagram
• College Park, East Point news, discussion (Urbanize Atlanta)
Tags
3191 Stone Road
0 Stone Road
Greenbriar
SWATL
Southwest Atlanta
Infill Development
East Point
Interstate 285
Atlanta Airport
Planned Development Housing
Atlanta Townhomes
townhomes
East Point Development
Infill
Atlanta Infill
Housing Development
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Coldwell Banker Realty
Civil Survey
United Real Estate Investment Group
JDM Consultants
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Images
The 0 Stone Road townhome proposal location in relation to Hartsfield-Jackson Atlanta International Airport, Greenbriar Mall, East Point, and I-285. Google Maps
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
Subtitle
Site plan calls for 11 distinct residences tucked on wooded lot
Neighborhood
College Park/East Point
Background Image
Image
Before/After Images
Sponsored Post
Off Read More
Pocket of modern-style townhomes floated near Atlanta airport
Josh Green
Mon, 11/18/2024 – 13:50
A wooded parcel of land southwest of downtown Atlanta could make way for a modern-style pocket of townhomes with enviable airport proximity, according to sellers.
Site plans and elevations for an infill proposal near the intersection of Stone Road and Ridgeview Drive call for 11 distinctly contemporary homes to rise in two buildings.
The 1.4-acre site is located where East Point city limits meet Atlanta’s neighborhood Greenbriar near Interstate 285, just south of Greenbriar Mall and about 10 minutes northwest of the airport.
The land itself listed in recent days with Coldwell Banker Realty for $675,000.
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
According to listings, the site has been rezoned, studied, and approved to allow for townhome construction.
The land sale would include JDM Consultants’ site plan, a full engineering study, a topographical survey, preliminary architectural floorplans and elevations, an arborist report, a traffic impact study, and other documentation.
In a pitch to “all developers, builders, and investors,” listings for the property point to access to the airport and major highways, Greenbriar, and the Camp Creek area as perks of the location. (Tyler Perry Studios is also listed as a nearby selling point, though that’s more than six and ½ miles away.)
JDM Consultants; via Coldwell Banker Realty/GAMLS
The 0 Stone Road townhome proposal location in relation to Hartsfield-Jackson Atlanta International Airport, Greenbriar Mall, East Point, and I-285. Google Maps
Atlanta schools for the location are listed at Centennial Place Elementary, Bunche Middle, and Therrell High schools.
Sizes of the 11 townhomes and potential prices aren’t specified. We’ve submitted an inquiry with Coldwell Banker for more information and will update this post should that come.
Swing up to the gallery for more context and visuals.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• College Park, East Point news, discussion (Urbanize Atlanta)
Tags
3191 Stone Road
0 Stone Road
Greenbriar
SWATL
Southwest Atlanta
Infill Development
East Point
Interstate 285
Atlanta Airport
Planned Development Housing
Atlanta Townhomes
townhomes
East Point Development
Infill
Atlanta Infill
Housing Development
Coldwell Banker Real Estate
Coldwell Banker Realty
Civil Survey
United Real Estate Investment Group
JDM Consultants
Therrell High School
Images
The 0 Stone Road townhome proposal location in relation to Hartsfield-Jackson Atlanta International Airport, Greenbriar Mall, East Point, and I-285. Google Maps
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
JDM Consultants; via Coldwell Banker Realty/GAMLS
Subtitle
Site plan calls for 11 distinct residences tucked on wooded lot
Neighborhood
College Park/East Point
Background Image
Image
Before/After Images
Sponsored Post
Off
Inside the Atlanta Braves’ financial world: How Truist Park, The Battery create a juggernaut
Inside the Atlanta Braves’ financial world: How Truist Park, The Battery create a juggernaut
A detailed look at Atlanta’s Battery-boosted finances reveals how MLB’s lone publicly traded team has found as much success growing revenue as winning games.
A detailed look at Atlanta’s Battery-boosted finances reveals how MLB’s lone publicly traded team has found as much success growing revenue as winning games. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
A detailed look at Atlanta’s Battery-boosted finances reveals how MLB’s lone publicly traded team has found as much success growing revenue as winning games.
Inside the Atlanta Braves’ financial world: How Truist Park, The Battery create a juggernaut
Inside the Atlanta Braves’ financial world: How Truist Park, The Battery create a juggernaut
A detailed look at Atlanta’s Battery-boosted finances reveals how MLB’s lone publicly traded team has found as much success growing revenue as winning games.
A detailed look at Atlanta’s Battery-boosted finances reveals how MLB’s lone publicly traded team has found as much success growing revenue as winning games. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
A detailed look at Atlanta’s Battery-boosted finances reveals how MLB’s lone publicly traded team has found as much success growing revenue as winning games.
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.
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.
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.
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.