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Atlanta Developer Proposing Brookhaven Mixed-Use Project

Third & Urban is planning a major redevelopment at the site of a number of dated office buildings. The developer hopes to replace the Corporate Square complex with a mixed-use venture. Located off Buford Highway, the 32-acre site is on the opposite side of Interstate 85 from Children’s Arthur M. Blank Hospital and Emory University’s forthcoming Executive Park innovation district.

The Atlanta Business Chronicle reports Third & Urban is proposing 2,000 residential units, consisting of a mix of apartments, senior residences, corporate housing units and townhouses. The developer also envisions a 350-key hotel, 30,000 square feet of retail, 100,000 square feet of medical office space and a public plaza.

Brookhaven City Council would need to rezone the land for the developer’s intended use before the project could move forward.

Third & Urban, known for in-town mixed-use projects such as Westside Paper and Armour Yards, targets underperforming office parks in high-growth suburbs on the edge of Atlanta proper.

The post Atlanta Developer Proposing Brookhaven Mixed-Use Project appeared first on Connect CRE.

​  Third & Urban is planning a major redevelopment at the site of a number of dated office buildings. The developer hopes to replace the Corporate Square complex with a mixed-use venture. Located off Buford Highway, the 32-acre site is on the opposite side of Interstate 85 from Children’s Arthur M. Blank Hospital and Emory University’s forthcoming Executive …
The post Atlanta Developer Proposing Brookhaven Mixed-Use Project appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News

Third & Urban is planning a major redevelopment at the site of a number of dated office buildings. The developer hopes to replace the Corporate Square complex with a mixed-use venture. Located off Buford Highway, the 32-acre site is on the opposite side of Interstate 85 from Children’s Arthur M. Blank Hospital and Emory University’s forthcoming Executive …
The post Atlanta Developer Proposing Brookhaven Mixed-Use Project appeared first on Connect CRE.

AW Spends $55.2M on 9-Property NC Medical Portfolio

AW Properties obtained $55.2 million in financing for a nine-property medical portfolio totaling 297,500 square feet in Burlington, Durham and Greensboro, North Carolina. The loan proceeds were used to acquire the portfolio.

JLL placed the 10-year, fixed-rate loan with a life company. Travis Anderson and Anthony Sardo led the JLL Capital Markets Debt Advisory team, representing the borrower.

With an average vintage of 2006, the portfolio is 99% leased to leading healthcare systems and dominant independent physician practices, with credit tenants representing 73% of in-place income. All of the properties are located on or adjacent to hospital campuses in Burlington, Durham and Greensboro markets.

The portfolio includes Cone Health Neurology Clinic, 2001 North Church Street, Wesley Long MOB in Greensboro, Alamance Eye Center in Burlington, UNC Family Medicine Center, and Duke Medical Center in Durham.

The post AW Spends $55.2M on 9-Property NC Medical Portfolio appeared first on Connect CRE.

​  AW Properties obtained $55.2 million in financing for a nine-property medical portfolio totaling 297,500 square feet in Burlington, Durham and Greensboro, North Carolina. The loan proceeds were used to acquire the portfolio. JLL placed the 10-year, fixed-rate loan with a life company. Travis Anderson and Anthony Sardo led the JLL Capital Markets Debt Advisory team, …
The post AW Spends $55.2M on 9-Property NC Medical Portfolio appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

AW Properties obtained $55.2 million in financing for a nine-property medical portfolio totaling 297,500 square feet in Burlington, Durham and Greensboro, North Carolina. The loan proceeds were used to acquire the portfolio. JLL placed the 10-year, fixed-rate loan with a life company. Travis Anderson and Anthony Sardo led the JLL Capital Markets Debt Advisory team, …
The post AW Spends $55.2M on 9-Property NC Medical Portfolio appeared first on Connect CRE.

Sprouts-Anchored Retail Center, Apartments Set for Nashville Area

GBT Realty Corporation and Robinson Properties are teaming up on a new retail and multifamily development in Mount Juliet, Tenn., approximately 20 miles east of Nashville. Construction of the retail space is expected to begin this month and be completed in October 2025. A timeline and details of the residential development, to be developed by Robinson Properties, will be announced later.

Everett Downs is situated on a 10.9-acre site at the corner of Division St. and Mt. Juliet Rd. near I-40. The retail component, helmed by GBT Realty, will comprise a 41,255-square-foot neighborhood center. It features a 23,256-square-foot Sprouts Farmers Market, 18,000 square feet of small shop space and two out parcels. An additional 10,200 square feet and one out parcel remain available for restaurants, fitness services and soft goods retailers. This shopping center marks the 12th Sprouts-anchored property developed by GBT. 

The post Sprouts-Anchored Retail Center, Apartments Set for Nashville Area appeared first on Connect CRE.

​  GBT Realty Corporation and Robinson Properties are teaming up on a new retail and multifamily development in Mount Juliet, Tenn., approximately 20 miles east of Nashville. Construction of the retail space is expected to begin this month and be completed in October 2025. A timeline and details of the residential development, to be developed by …
The post Sprouts-Anchored Retail Center, Apartments Set for Nashville Area appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

GBT Realty Corporation and Robinson Properties are teaming up on a new retail and multifamily development in Mount Juliet, Tenn., approximately 20 miles east of Nashville. Construction of the retail space is expected to begin this month and be completed in October 2025. A timeline and details of the residential development, to be developed by …
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GSU Revamping Downtown Campus

Georgia State University will soon begin a transformational project. Most of the $107 million needed for the project will come from an $80 million gift from the Robert W. Woodruff Foundation.

Development of the Hurt Park area includes removal of Georgia State’s Sparks Hall to integrate the existing campus Greenway into a district that crosses Gilmer Street and connects to Hurt Park. The Greenway will include an elevated plaza, enhanced walkways and a vegetated buffer along Courtland Street.

On the north end of Hurt Park, the 100 Edgewood building will get a dining area and gathering space. Renovations to the first four floors of the building will provide up-to-date classroom space and interconnecting stairways.

The Arts and Humanities Building, overlooking the newly activated outdoor hub, will get a new, more contemporary façade.

At Woodruff Park, new sidewalks, a realigned streetcar platform, façade improvements to the 25 Park Place building and plaza, and other pedestrian-oriented features will provide a connection to Broad Street and the Aderhold Learning Center.

The post GSU Revamping Downtown Campus appeared first on Connect CRE.

​  Georgia State University will soon begin a transformational project. Most of the $107 million needed for the project will come from an $80 million gift from the Robert W. Woodruff Foundation. Development of the Hurt Park area includes removal of Georgia State’s Sparks Hall to integrate the existing campus Greenway into a district that crosses Gilmer …
The post GSU Revamping Downtown Campus appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News

Georgia State University will soon begin a transformational project. Most of the $107 million needed for the project will come from an $80 million gift from the Robert W. Woodruff Foundation. Development of the Hurt Park area includes removal of Georgia State’s Sparks Hall to integrate the existing campus Greenway into a district that crosses Gilmer …
The post GSU Revamping Downtown Campus appeared first on Connect CRE.

S2 Capital Lands 618-Unit Atlanta Rental Asset

S2 Capital acquired ‘The Landing at Pleasantdale’, a 618 garden-style apartment community. 72 buildings make up the gated community that’s on over 75 acres. Built in 1985, Pleasantdale is located at 3497 Meadowglenn Village Lane in Doraville, GA, a northeast Atlanta suburb.

S2’s Scott Everett further explains the deal, “Data suggests an inversion of the supply-demand imbalance, leading to significant positive absorption for Atlanta in conjunction with the first positive YoY occupancy gain in Q3 24 since Q1 22. Additionally, current effective rents sit $280 below comparable market properties, having witnessed a -12% drop in rents onsite YoY while surrounding comps have increased +1%, giving S2 conviction in their ability to execute their value-add business plan and deliver a superior living experience to tenants.”

S2 plans to renovate 90% of the units to compete with comparable renovated properties in the submarket.

The post S2 Capital Lands 618-Unit Atlanta Rental Asset appeared first on Connect CRE.

​  S2 Capital acquired ‘The Landing at Pleasantdale’, a 618 garden-style apartment community. 72 buildings make up the gated community that’s on over 75 acres. Built in 1985, Pleasantdale is located at 3497 Meadowglenn Village Lane in Doraville, GA, a northeast Atlanta suburb. S2’s Scott Everett further explains the deal, “Data suggests an inversion of the …
The post S2 Capital Lands 618-Unit Atlanta Rental Asset appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News

S2 Capital acquired ‘The Landing at Pleasantdale’, a 618 garden-style apartment community. 72 buildings make up the gated community that’s on over 75 acres. Built in 1985, Pleasantdale is located at 3497 Meadowglenn Village Lane in Doraville, GA, a northeast Atlanta suburb. S2’s Scott Everett further explains the deal, “Data suggests an inversion of the …
The post S2 Capital Lands 618-Unit Atlanta Rental Asset appeared first on Connect CRE.

City Selects Partner on Atlanta Constitution Building

Invest Atlanta selected Gorman & Co. to restore the five-story Atlanta Constitution building, located at 143 Alabama St. in the heart of Downtown. The agency intends to negotiate a ground lease and master development agreement with the company, whose preliminary plan includes 197 mostly affordable residential units.

The 95,000-square-foot brick building dates back to the 1940s and housed the Atlanta Constitution’s printing facility until the newspaper merged with the Atlanta Journal in 1953. The city has owned it since the 1990s. 

Gorman & Co., which focuses on developing affordable and workforce housing, plans to split the project into multiple phases.

The building would be filled with residential units and ground-level commercial space. A later phase would add a new residential building on adjacent land by 2028.

The project includes a mix of units with one, two or three bedrooms. Units would be rented at prices affordable to households earning 30% and 80% AMI.

The post City Selects Partner on Atlanta Constitution Building appeared first on Connect CRE.

​  Invest Atlanta selected Gorman & Co. to restore the five-story Atlanta Constitution building, located at 143 Alabama St. in the heart of Downtown. The agency intends to negotiate a ground lease and master development agreement with the company, whose preliminary plan includes 197 mostly affordable residential units. The 95,000-square-foot brick building dates back to the …
The post City Selects Partner on Atlanta Constitution Building appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News

Invest Atlanta selected Gorman & Co. to restore the five-story Atlanta Constitution building, located at 143 Alabama St. in the heart of Downtown. The agency intends to negotiate a ground lease and master development agreement with the company, whose preliminary plan includes 197 mostly affordable residential units. The 95,000-square-foot brick building dates back to the …
The post City Selects Partner on Atlanta Constitution Building appeared first on Connect CRE.

Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities

Holladay Ventures and Evergreen Real Estate opened Shelby House, a 195-unit affordable housing community. Additionally, Holladay and Evergreen announced the groundbreaking of the project’s second phase, 4th & Shelby, a mixed-use development adjacent to Shelby House, which will bring an additional 289 units of affordable housing in 2026. In total, both projects will provide 484 affordable housing units to the Nashville community.

Phase two of the project will feature energy-efficient appliances and solar panels. Apartments at the two locations are reserved for families earning between 30 and 80% of the Area Median Income.

Samaritan Recovery Community(SRC) partnered with Holladay Ventures and Evergreen Real Estate. PNC Bank also participated in the project.

Holladay says it specializes in developing workforce, affordable, and mixed-income housing solutions that are not only intentionally designed but also positively impact local residents and the environment. 

The post Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities appeared first on Connect CRE.

​  Holladay Ventures and Evergreen Real Estate opened Shelby House, a 195-unit affordable housing community. Additionally, Holladay and Evergreen announced the groundbreaking of the project’s second phase, 4th & Shelby, a mixed-use development adjacent to Shelby House, which will bring an additional 289 units of affordable housing in 2026. In total, both projects will provide 484 affordable housing units to the Nashville community. Phase two of …
The post Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

Holladay Ventures and Evergreen Real Estate opened Shelby House, a 195-unit affordable housing community. Additionally, Holladay and Evergreen announced the groundbreaking of the project’s second phase, 4th & Shelby, a mixed-use development adjacent to Shelby House, which will bring an additional 289 units of affordable housing in 2026. In total, both projects will provide 484 affordable housing units to the Nashville community. Phase two of …
The post Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities appeared first on Connect CRE.

Snellville’s The Grove is near completion, transforming the suburban downtown into a modern, walkable district

Snellville’s downtown revival is emblematic of suburbs across the country.

​  Snellville’s downtown revival is emblematic of suburbs across the country. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)

Snellville’s downtown revival is emblematic of suburbs across the country.

Investor Building Two, Improving One Atlanta Mixed-Income Housing Project

Advantage Capital has come up with more than $53 million in state low-income housing tax credits to support the development and rehabilitation of three communities in the metro area. Altogether, these projects would deliver more than 600 units of affordable housing and cost more than $200 million to build.

Two new residential developments will rise in Southwest Atlanta’s Greenbriar neighborhood.

The Atlanta Business Journal reports the Flats at Stone Hogan is slated to feature 256 affordable housing units available to households earning less than the area median income. The adjacent Villas at Stone Hogan development would comprise 192 affordable units reserved for lower-income renters aged 55 and older. Zimmerman Properties is in line to deliver both communities. The projects would cost approximately $100 million and $70 million to develop, respectively.

Additionally, Advantage Capital’s investment will help fund the roughly $20 million revitalization of Applewood Towers.

Applewood Towers redevelopment should be completed by the end of 2025. The two new-construction developments lining Stone Hogan Connector Road are expected to wrap in mid-2027.

The post Investor Building Two, Improving One Atlanta Mixed-Income Housing Project appeared first on Connect CRE.

​  Advantage Capital has come up with more than $53 million in state low-income housing tax credits to support the development and rehabilitation of three communities in the metro area. Altogether, these projects would deliver more than 600 units of affordable housing and cost more than $200 million to build. Two new residential developments will rise …
The post Investor Building Two, Improving One Atlanta Mixed-Income Housing Project appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News

Advantage Capital has come up with more than $53 million in state low-income housing tax credits to support the development and rehabilitation of three communities in the metro area. Altogether, these projects would deliver more than 600 units of affordable housing and cost more than $200 million to build. Two new residential developments will rise …
The post Investor Building Two, Improving One Atlanta Mixed-Income Housing Project appeared first on Connect CRE.

Vanderbilt Pays $66.9M for Downtown Nashville Parcels

Vanderbilt University is buying up land in downtown Nashville to expand its footprint in the region. The university paid $66.9 million for a retail center on the town’s West End. The seller was Park Place Retail Partners. They paid $5.67 million for the four-parcel site in 2005.

The 3.23-acre property is anchored by the Park Place shopping center, which offers multiple restaurants, shops and office space in addition to Chipotle and Ted’s Montana Grill. The nearly 60,000-square-foot shopping center was constructed in 1985.

Vanderbilt will lease back the properties to the sellers.

The Nashville Business Journal reports the purchase is the latest addition to the university’s fast-growing Midtown portfolio.Vanderbilt has been buying up Midtown land for the last few years as it plans for the evolution of its campus in coming years, according to a previous statement. The latest purchase racks up the university’s land transaction volume to more than $260 million since 2019.

The post Vanderbilt Pays $66.9M for Downtown Nashville Parcels appeared first on Connect CRE.

​  Vanderbilt University is buying up land in downtown Nashville to expand its footprint in the region. The university paid $66.9 million for a retail center on the town’s West End. The seller was Park Place Retail Partners. They paid $5.67 million for the four-parcel site in 2005. The 3.23-acre property is anchored by the Park …
The post Vanderbilt Pays $66.9M for Downtown Nashville Parcels appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News

Vanderbilt University is buying up land in downtown Nashville to expand its footprint in the region. The university paid $66.9 million for a retail center on the town’s West End. The seller was Park Place Retail Partners. They paid $5.67 million for the four-parcel site in 2005. The 3.23-acre property is anchored by the Park …
The post Vanderbilt Pays $66.9M for Downtown Nashville Parcels appeared first on Connect CRE.