City Selects Partner on Atlanta Constitution Building
City Selects Partner on Atlanta Constitution Building
Invest Atlanta selected Gorman & Co. to restore the five-story Atlanta Constitution building, located at 143 Alabama St. in the heart of Downtown. The agency intends to negotiate a ground lease and master development agreement with the company, whose preliminary plan includes 197 mostly affordable residential units.
The 95,000-square-foot brick building dates back to the 1940s and housed the Atlanta Constitution’s printing facility until the newspaper merged with the Atlanta Journal in 1953. The city has owned it since the 1990s.
Gorman & Co., which focuses on developing affordable and workforce housing, plans to split the project into multiple phases.
The building would be filled with residential units and ground-level commercial space. A later phase would add a new residential building on adjacent land by 2028.
The project includes a mix of units with one, two or three bedrooms. Units would be rented at prices affordable to households earning 30% and 80% AMI.
The post City Selects Partner on Atlanta Constitution Building appeared first on Connect CRE.
Invest Atlanta selected Gorman & Co. to restore the five-story Atlanta Constitution building, located at 143 Alabama St. in the heart of Downtown. The agency intends to negotiate a ground lease and master development agreement with the company, whose preliminary plan includes 197 mostly affordable residential units. The 95,000-square-foot brick building dates back to the …
The post City Selects Partner on Atlanta Constitution Building appeared first on Connect CRE. Read MoreAtlanta Commercial Real Estate News
Invest Atlanta selected Gorman & Co. to restore the five-story Atlanta Constitution building, located at 143 Alabama St. in the heart of Downtown. The agency intends to negotiate a ground lease and master development agreement with the company, whose preliminary plan includes 197 mostly affordable residential units. The 95,000-square-foot brick building dates back to the …
The post City Selects Partner on Atlanta Constitution Building appeared first on Connect CRE.
Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities
Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities
Holladay Ventures and Evergreen Real Estate opened Shelby House, a 195-unit affordable housing community. Additionally, Holladay and Evergreen announced the groundbreaking of the project’s second phase, 4th & Shelby, a mixed-use development adjacent to Shelby House, which will bring an additional 289 units of affordable housing in 2026. In total, both projects will provide 484 affordable housing units to the Nashville community.
Phase two of the project will feature energy-efficient appliances and solar panels. Apartments at the two locations are reserved for families earning between 30 and 80% of the Area Median Income.
Samaritan Recovery Community(SRC) partnered with Holladay Ventures and Evergreen Real Estate. PNC Bank also participated in the project.
Holladay says it specializes in developing workforce, affordable, and mixed-income housing solutions that are not only intentionally designed but also positively impact local residents and the environment.
The post Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities appeared first on Connect CRE.
Holladay Ventures and Evergreen Real Estate opened Shelby House, a 195-unit affordable housing community. Additionally, Holladay and Evergreen announced the groundbreaking of the project’s second phase, 4th & Shelby, a mixed-use development adjacent to Shelby House, which will bring an additional 289 units of affordable housing in 2026. In total, both projects will provide 484 affordable housing units to the Nashville community. Phase two of …
The post Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Holladay Ventures and Evergreen Real Estate opened Shelby House, a 195-unit affordable housing community. Additionally, Holladay and Evergreen announced the groundbreaking of the project’s second phase, 4th & Shelby, a mixed-use development adjacent to Shelby House, which will bring an additional 289 units of affordable housing in 2026. In total, both projects will provide 484 affordable housing units to the Nashville community. Phase two of …
The post Nashville Developer Debuts, Breaks Ground on Affordable Housing Communities appeared first on Connect CRE.
Snellville’s The Grove is near completion, transforming the suburban downtown into a modern, walkable district
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
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 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.
Development, climate change increase Atlanta’s flooding risk despite decades of work
Development, climate change increase Atlanta’s flooding risk despite decades of work
Ideas on how to solve the problem include stormwater fees for landowners, performance incentives for developers as well as special storage tunnels and detention basins.
Ideas on how to solve the problem include stormwater fees for landowners, performance incentives for developers as well as special storage tunnels and detention basins. Read MoreBizjournals.com Feed (2019-09-06 17:16:48)
Ideas on how to solve the problem include stormwater fees for landowners, performance incentives for developers as well as special storage tunnels and detention basins.
Fallon Company Breaks Ground on $100M Charlotte Apartments
Fallon Company Breaks Ground on $100M Charlotte Apartments
The Fallon Company started work on The Colwick, a $100 million, 234-unit multifamily rental project at Colwick and Chiswick roads in Charlotte. The Fallon Co. paid $7 million for the site in December 2022.
Axiom Architecture is the project architect and designer. Edifice Construction is the general contractor, and Santander Bank provided project financing.
The 7-story development will feature:
- 1, 2, and 3-bedroom units
- Co-working lounge with video conferencing rooms
- Saltwater pool
- Onsite pet spa and dog park
- Fitness center with private yoga studio
- Outdoor grill stations and pizza oven
- Garden courtyard with activity lawn and fireside lounge
- Resident social lounge and game room
- Golf Simulator room
- Outdoor gaming lawn with bistro lighting
The Colwick, which is expected to deliver in late 2026, will be the first large-scale rental building in Cotswold in decades.
The post Fallon Company Breaks Ground on $100M Charlotte Apartments appeared first on Connect CRE.
The Fallon Company started work on The Colwick, a $100 million, 234-unit multifamily rental project at Colwick and Chiswick roads in Charlotte. The Fallon Co. paid $7 million for the site in December 2022. Axiom Architecture is the project architect and designer. Edifice Construction is the general contractor, and Santander Bank provided project financing. The 7-story development …
The post Fallon Company Breaks Ground on $100M Charlotte Apartments appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
The Fallon Company started work on The Colwick, a $100 million, 234-unit multifamily rental project at Colwick and Chiswick roads in Charlotte. The Fallon Co. paid $7 million for the site in December 2022. Axiom Architecture is the project architect and designer. Edifice Construction is the general contractor, and Santander Bank provided project financing. The 7-story development …
The post Fallon Company Breaks Ground on $100M Charlotte Apartments appeared first on Connect CRE.
Investor Fund to Focus on Sunbelt Self-Storage Deals
Investor Fund to Focus on Sunbelt Self-Storage Deals
Madison Capital Group launched the Go Store It Opportunity Fund, LP, a $250 million self-storage investment initiative aimed at acquiring and developing a diversified portfolio across high-growth Sun Belt markets, concentrating on Florida, North Carolina and Georgia.
The Go Store It Opportunity Fund, LP encompasses a strategy that value-add acquisitions of under-managed, locally owned facilities with below-market rents, create potential for rental growth and operational improvements. The fund will also pursue pre-stabilized acquisitions, enabling it to acquire properties at a discount, with valuations nearing replacement cost and potential for improved cap rates as the properties stabilize. Additionally, the fund will target stabilized assets with strong occupancy rates, providing incremental growth in high-demand areas.
The fund also integrates a development component to construct high-quality storage facilities in select markets with favorable supply-demand dynamics. By strategically building in suburban, urban fringe, and urban core areas, the fund aims to meet diverse storage needs across communities in the Sun Belt.
The post Investor Fund to Focus on Sunbelt Self-Storage Deals appeared first on Connect CRE.
Madison Capital Group launched the Go Store It Opportunity Fund, LP, a $250 million self-storage investment initiative aimed at acquiring and developing a diversified portfolio across high-growth Sun Belt markets, concentrating on Florida, North Carolina and Georgia. The Go Store It Opportunity Fund, LP encompasses a strategy that value-add acquisitions of under-managed, locally owned facilities …
The post Investor Fund to Focus on Sunbelt Self-Storage Deals appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Madison Capital Group launched the Go Store It Opportunity Fund, LP, a $250 million self-storage investment initiative aimed at acquiring and developing a diversified portfolio across high-growth Sun Belt markets, concentrating on Florida, North Carolina and Georgia. The Go Store It Opportunity Fund, LP encompasses a strategy that value-add acquisitions of under-managed, locally owned facilities …
The post Investor Fund to Focus on Sunbelt Self-Storage Deals appeared first on Connect CRE.
Snellville’s The Grove is near completion, transforming the suburban downtown into a modern, walkable district
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 (2022-04-02 21:43:57)
Snellville’s downtown revival is emblematic of suburbs across the country.
New facet of downtown Fayetteville officially under construction
New facet of downtown Fayetteville officially under construction
New facet of downtown Fayetteville officially under construction
Josh Green
Mon, 11/18/2024 – 08:05
Site work has kicked off for a project that aims to add what developers call walkable, essential, and attainable housing in a growing part of the metro experiencing an influx of outside investment.
Alpharetta-based Parkland Communities recently broke ground on 124 build-to-rent townhomes in Fayetteville called Morgan Park. The 9.3-acre site, located within walking distance of the city’s historic downtown, is situated where E. Lanier Avenue meets Booker Avenue.
Parkland officials say the BTR community—described as “a testament to New-Urbanism planning”—is scheduled to see vertical construction next summer, following about nine months of land development.
The goal with Morgan Park is to create a parklike setting with a central town green and 10 residential buildings surrounding it. Also at the heart of the project will be two pools, a large cabana, a playfield, and mail kiosk.
Rents at Morgan Park will start at $2,400 monthly, to include all maintenance, according to Parkland reps. That entry price is described as “surprisingly lower than homeownership costs” in a project groundbreaking announcement.
Planned layout of the 124-unit community with a town green centerpiece. Courtesy of Parkland Communities
Courtesy of Parkland Residential
Options will range from two-bedroom townhomes with 1,600 square feet up to three-bedroom units with 1,950 square feet, two and ½ bathrooms, and a loft. Each will include a rear-entry, one-car garage and covered outdoor living space.
Morgan Park’s site is about four and ½ miles from the growing Trilith studio complex and mixed-use mini city. Downtown Atlanta is 23 miles north.
Project officials also cite proximity to the U.S. Soccer Federation’s under-construction National Training Center and Headquarters in Fayette County as a plus. That 200-acre project is expected to cost north of $200 million and create some 400 jobs for the area.
Expected look of Morgan Park facades. Courtesy of Parkland Residential
The Parkland Communities’ project site in relation to the rest of south OTP Atlanta. Google Maps
Elsewhere in the metro, the BTR model has drawn criticism for claiming available land that could have gone to for-sale housing, where first-time homebuyers especially could start to build equity. Advocates say the housing type allows occupants more flexibility and lower costs in many cases than traditional mortgages.
Other Parkland projects in the works include a sprawling Stonecrest community east of Atlanta, which has been marketed as a renting and buying option for the expected 7,500 future employees at EV carmaker Rivian’s manufacturing plant.
…
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Twitter / Facebook/and now: Instagram
• Special report: 24 hours at Trilith, Atlanta’s country Hollywood (Urbanize Atlanta)
The Parkland Communities’ project site in relation to the rest of south OTP Atlanta. Google Maps
Planned layout of the 124-unit community with a town green centerpiece. Courtesy of Parkland Communities
Courtesy of Parkland Residential
Expected look of Morgan Park facades. Courtesy of Parkland Residential
Morgan Park’s townhome product will be similar to another Parkland community (shown here) in Lawrenceville. Courtesy of Parkland Residential
The Morgan Park site location (in red) in proximity to downtown Fayetteville, Trilith (top left), and other local attractions such as Zac Brown’s Camp Southern Ground (bottom left).Google Maps
New facet of downtown Fayetteville officially under construction
Josh Green
Mon, 11/18/2024 – 08:05
Site work has kicked off for a project that aims to add what developers call walkable, essential, and attainable housing in a growing part of the metro experiencing an influx of outside investment.
Alpharetta-based Parkland Communities recently broke ground on 124 build-to-rent townhomes in Fayetteville called Morgan Park. The 9.3-acre site, located within walking distance of the city’s historic downtown, is situated where E. Lanier Avenue meets Booker Avenue.
Parkland officials say the BTR community—described as “a testament to New-Urbanism planning”—is scheduled to see vertical construction next summer, following about nine months of land development.
The goal with Morgan Park is to create a parklike setting with a central town green and 10 residential buildings surrounding it. Also at the heart of the project will be two pools, a large cabana, a playfield, and mail kiosk.
Rents at Morgan Park will start at $2,400 monthly, to include all maintenance, according to Parkland reps. That entry price is described as “surprisingly lower than homeownership costs” in a project groundbreaking announcement.
Planned layout of the 124-unit community with a town green centerpiece. Courtesy of Parkland Communities
Courtesy of Parkland Residential
Options will range from two-bedroom townhomes with 1,600 square feet up to three-bedroom units with 1,950 square feet, two and ½ bathrooms, and a loft. Each will include a rear-entry, one-car garage and covered outdoor living space.
Morgan Park’s site is about four and ½ miles from the growing Trilith studio complex and mixed-use mini city. Downtown Atlanta is 23 miles north.
Project officials also cite proximity to the U.S. Soccer Federation’s under-construction National Training Center and Headquarters in Fayette County as a plus. That 200-acre project is expected to cost north of $200 million and create some 400 jobs for the area.
Expected look of Morgan Park facades. Courtesy of Parkland Residential
The Parkland Communities’ project site in relation to the rest of south OTP Atlanta. Google Maps
Elsewhere in the metro, the BTR model has drawn criticism for claiming available land that could have gone to for-sale housing, where first-time homebuyers especially could start to build equity. Advocates say the housing type allows occupants more flexibility and lower costs in many cases than traditional mortgages.
Other Parkland projects in the works include a sprawling Stonecrest community east of Atlanta, which has been marketed as a renting and buying option for the expected 7,500 future employees at EV carmaker Rivian’s manufacturing plant.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Special report: 24 hours at Trilith, Atlanta’s country Hollywood (Urbanize Atlanta)
Tags
E. Lanier Avenue and Booker Avenue
Morgan Park
Parkland Communities
Atlanta Townhomes
Atlanta Homes for Rent
OTP
Fayette County
Trilith
Build-to-Rent
BTR
Downtown Fayetteville
Atlanta Suburbs
Suburbs
Suburban Growth
U.S. Soccer National Training Center
Arthur M. Blank U.S. Soccer National Training Center
Images
The Parkland Communities’ project site in relation to the rest of south OTP Atlanta. Google Maps
Planned layout of the 124-unit community with a town green centerpiece. Courtesy of Parkland Communities
Courtesy of Parkland Residential
Expected look of Morgan Park facades. Courtesy of Parkland Residential
Morgan Park’s townhome product will be similar to another Parkland community (shown here) in Lawrenceville. Courtesy of Parkland Residential
The Morgan Park site location (in red) in proximity to downtown Fayetteville, Trilith (top left), and other local attractions such as Zac Brown’s Camp Southern Ground (bottom left).Google Maps
Subtitle
Town green, BTR townhomes venture called “testament to New-Urbanism planning”
Neighborhood
Fayetteville
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Image
Before/After Images
Sponsored Post
Off Read More
New facet of downtown Fayetteville officially under construction
Josh Green
Mon, 11/18/2024 – 08:05
Site work has kicked off for a project that aims to add what developers call walkable, essential, and attainable housing in a growing part of the metro experiencing an influx of outside investment.
Alpharetta-based Parkland Communities recently broke ground on 124 build-to-rent townhomes in Fayetteville called Morgan Park. The 9.3-acre site, located within walking distance of the city’s historic downtown, is situated where E. Lanier Avenue meets Booker Avenue.
Parkland officials say the BTR community—described as “a testament to New-Urbanism planning”—is scheduled to see vertical construction next summer, following about nine months of land development.
The goal with Morgan Park is to create a parklike setting with a central town green and 10 residential buildings surrounding it. Also at the heart of the project will be two pools, a large cabana, a playfield, and mail kiosk.
Rents at Morgan Park will start at $2,400 monthly, to include all maintenance, according to Parkland reps. That entry price is described as “surprisingly lower than homeownership costs” in a project groundbreaking announcement.
Planned layout of the 124-unit community with a town green centerpiece. Courtesy of Parkland Communities
Courtesy of Parkland Residential
Options will range from two-bedroom townhomes with 1,600 square feet up to three-bedroom units with 1,950 square feet, two and ½ bathrooms, and a loft. Each will include a rear-entry, one-car garage and covered outdoor living space.
Morgan Park’s site is about four and ½ miles from the growing Trilith studio complex and mixed-use mini city. Downtown Atlanta is 23 miles north.
Project officials also cite proximity to the U.S. Soccer Federation’s under-construction National Training Center and Headquarters in Fayette County as a plus. That 200-acre project is expected to cost north of $200 million and create some 400 jobs for the area.
Expected look of Morgan Park facades. Courtesy of Parkland Residential
The Parkland Communities’ project site in relation to the rest of south OTP Atlanta. Google Maps
Elsewhere in the metro, the BTR model has drawn criticism for claiming available land that could have gone to for-sale housing, where first-time homebuyers especially could start to build equity. Advocates say the housing type allows occupants more flexibility and lower costs in many cases than traditional mortgages.
Other Parkland projects in the works include a sprawling Stonecrest community east of Atlanta, which has been marketed as a renting and buying option for the expected 7,500 future employees at EV carmaker Rivian’s manufacturing plant.
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Special report: 24 hours at Trilith, Atlanta’s country Hollywood (Urbanize Atlanta)
Tags
E. Lanier Avenue and Booker Avenue
Morgan Park
Parkland Communities
Atlanta Townhomes
Atlanta Homes for Rent
OTP
Fayette County
Trilith
Build-to-Rent
BTR
Downtown Fayetteville
Atlanta Suburbs
Suburbs
Suburban Growth
U.S. Soccer National Training Center
Arthur M. Blank U.S. Soccer National Training Center
Images
The Parkland Communities’ project site in relation to the rest of south OTP Atlanta. Google Maps
Planned layout of the 124-unit community with a town green centerpiece. Courtesy of Parkland Communities
Courtesy of Parkland Residential
Expected look of Morgan Park facades. Courtesy of Parkland Residential
Morgan Park’s townhome product will be similar to another Parkland community (shown here) in Lawrenceville. Courtesy of Parkland Residential
The Morgan Park site location (in red) in proximity to downtown Fayetteville, Trilith (top left), and other local attractions such as Zac Brown’s Camp Southern Ground (bottom left).Google Maps
Subtitle
Town green, BTR townhomes venture called “testament to New-Urbanism planning”
Neighborhood
Fayetteville
Background Image
Image
Before/After Images
Sponsored Post
Off