Georgia

Landmark, Selig Underway on $110M Student Housing Project in Midtown Atlanta

by John Nelson October 19, 2016

ATLANTA — Athens, Ga.-based Landmark Properties and Atlanta-based Selig Enterprises have teamed up to co-develop The Standard at Atlanta, a new 362,000-square-foot student housing and mixed-use development in Midtown Atlanta. Construction on the 765-bed development began in August, and the Atlanta Business Chronicle reports the development costs total $110 million. Landmark and Selig expect the first phase of the project to be open to residents during the second half of 2018 and anticipate pre-leasing to begin in late 2017. Bound by Spring, Williams, 3rd and 4th streets, The Standard will be situated less than a half-mile from Georgia Tech’s campus and one block from Technology Square. The Standard’s amenities will include a clubhouse, rooftop pool, tanning beds, fitness center, sauna, golf simulator, study lounge and computer lab. Residences will include granite countertops, stainless steel appliances, hardwood-style floors, washers and dryers and private balconies in select units. The Standard will provide a mix of studio, one-, two-, three-, four- and five-bedroom floor plans and will also include commercial retail space on the ground floor featuring more than 10,300 square feet and a new Starbucks with a drive-thru. There will also be more than 500 parking spaces for residents and 55 spaces …

October 19, 2016

Georgia Seniors Housing Southeast

Greystar Breaks Ground on Two Age-Restricted Communities in Metro Atlanta

by John Nelson October 19, 2016

ATLANTA and KENNESAW, GA. — Greystar has broken ground on two active adult communities in metro Atlanta: Overture Barrett in Kennesaw and Overture Lindbergh in Atlanta. Both apartment communities are restricted to residents over the age of 55. Overture Barrett will offer 175 luxury apartments and Overture Lindbergh will offer 190 apartments. The communities will include one- and two-bedroom apartments featuring gourmet kitchens with prep islands, granite countertops, tiled backsplashes, custom cabinetry and stainless steel appliances, wood-style plank flooring, nine-foot ceilings, spa-style showers and garden tubs, walk-in closets, full-size top-load washers and dryers, and private balconies or patios in select units. The developers plan to complete construction on Overture Barrett by February 2018 and Overture Lindbergh by summer 2017. Greystar, a South Carolina-based multifamily developer and operator, will break ground on nearly a dozen Overture-branded active adult properties during 2016 in Georgia, Texas, Virginia, North Carolina, Florida, California and Arizona.

October 19, 2016

Georgia Seniors Housing Southeast

Griffin Fine Living Opens 95-Unit Assisted Living Community in Metro Atlanta

by John Nelson October 18, 2016

ROSWELL, GA. — Griffin Fine Living has opened The Georgian Lakeside, a 95-unit assisted living and memory care community in the Atlanta suburb of Roswell. KTGY Architecture + Planning designed the project, which Griffin manages. Canyon Partners Real Estate LLC provided the investment capital. The Georgian is a resort-style community featuring 70 assisted living and 25 memory care units. Amenities include multiple dining options, a private dining room, theater, hair salon, library, physical therapy and private doctors’ examination rooms, along with numerous activity rooms and an exercise facility. Griffin Fine Living provides design, construction, development, marketing and operational management services for seniors housing and multifamily communities. Canyon Partners Real Estate is the real estate direct investing arm of Canyon Partners. The Los Angeles-based company provides debt and equity capital for commercial real estate in primary and secondary markets across the U.S. KTGY Architecture + Planning is an architecture firm with offices in Chicago, Denver, Irvine, Los Angeles, Oakland, Pune and Tysons.

October 18, 2016

Georgia Loans Multifamily Southeast

NXT Capital Provides $17M Acquisition Loan for Apartment Community in Georgia

by John Nelson October 18, 2016

GAINESVILLE, GA. — NXT Capital has provided a $17 million acquisition loan for Park Creek Apartments, a 200-unit, garden-style apartment community in Gainesville. Situated near Lake Lanier, the Class B property features gated access, a business center, laundry facility, fitness center and a swimming pool. Park Creek also offers a playground, two lighted tennis courts, car care center, grilling/picnic areas and 20 garage spaces. Melissa Marcolini Quinn of NorthMarq Capital’s Orlando office arranged the loan through NXT Capital on behalf of the borrower.

October 18, 2016

Georgia Hospitality Mixed-Use Southeast

Hay Creek to Build First Metro Atlanta Hotel in Pinewood Forrest Development

by John Nelson October 17, 2016

FAYETTEVILLE, GA. — Hay Creek Hotels, an Exeter, N.H.-based developer and manager of boutique hotels, plans to build its first hotel in the metro Atlanta area in Pinewood Forrest, a 234-acre master-planned development situated adjacent to Pinewood Atlanta Studios in Fayetteville. Scheduled to open in 2018, the 95-room hotel will feature meeting and function space, an upscale restaurant, bar, spa, pool and special suites for celebrity guests of Pinewood Atlanta Studios. HCH Pinewood Forrest LLC will develop the hotel, and Hay Creek will operate the property upon completion. Led by Chick-fil-A CEO Dan Cathy, the development team behind Pinewood Forrest has also selected the metro Atlanta real estate brokerage firm Ansley Atlanta to provide residential sales and marketing for the development’s single-family homes. The first home sites will be available for reservation in the coming months.

October 17, 2016

Georgia Office Southeast

Skanska to Build $56M Office Building in Atlanta

by John Nelson October 17, 2016

ATLANTA — Skanska has signed a $56 million contract to construct a build-to-suit corporate office building in Atlanta for an undisclosed company. The office building will span roughly 200,000 square feet and feature a 210,000-square-foot parking deck. Skanska expects to deliver the building in 2018.

October 17, 2016

Georgia Office Southeast

PGi Renews, Expands Office Leases in Metro Atlanta

by John Nelson October 17, 2016

ATLANTA — PGi, an Atlanta-based software provider, has renewed its lease at the company’s corporate headquarters at the Terminus 100 office tower in Atlanta’s Buckhead district. The company also renewed and expanded its lease at the GA 400 Center office building in Alpharetta. The two 12-year lease deals total roughly 70,000 square feet. PGi signed its lease renewal at Terminus 100 with Cousins Properties and signed its lease renewal and expansion at GA 400 Center with TPA Group. PGi has also selected architect Gensler to redesign the company’s office space at the two locations. Patrick Duffy and Taylor Senter of Newmark Grubb Knight Frank advised PGi on the lease deals and the redesign project.

October 17, 2016

Georgia Southeast

Atlanta United to Build World’s First Soccer Field Inside Major Transit Station

by John Nelson October 14, 2016

ATLANTA — Atlanta United, the new MLS franchise in Atlanta, has teamed up with Soccer in the Streets and MARTA to develop a soccer field within MARTA’s Five Points Station in downtown Atlanta. Dubbed Station Soccer-Five Points MARTA Station, the project will be the world’s first soccer field to be located within a major urban transit station. Soccer in the Streets will lead the programming efforts for the new project, including mentoring programs, promoting employability among young people and creating adult soccer leagues. The project will be funded through a grant by Atlanta United. Station Soccer-Five Points MARTA Station will feature turf and lighting infrastructure provided by GreenFields USA, Musco/Cree Lighting and the U.S. Soccer Foundation. The timeline for the project’s construction and opening were undisclosed.

October 14, 2016

Georgia Retail Southeast

Halpern Enterprises Opens New Publix Store at Dawson Crossroads in North Georgia

by John Nelson October 13, 2016

DAWSONVILLE, GA. — Halpern Enterprises has opened the 45,600-square-foot Publix at Dawson Crossroads, a 98,400-square-foot shopping center located at the southeast corner of GA 400 and Dawson Forest Road in Dawsonville. The property is situated across the street from the North Georgia Premium Outlets and a Walmart Supercenter. Dawson Crossroads’ tenant roster includes PetSmart, Brooklyn Joe’s Pizzeria, Lee Nails, Great Clips, Totally Running and Top Cleaners. The property will also feature outparcel retailers such as Chili’s Bar & Grill, AT&T and Aspen Dental.

October 13, 2016

Georgia Office Southeast

Avison Young Brokers $14M Sale of Three Office Buildings in Alpharetta

by John Nelson October 13, 2016

ALPHARETTA, GA. — Avison Young’s Atlanta office has brokered the $14 million sale of Royal 400, a three-building portfolio of single-story office buildings situated within an office park in Alpharetta. Totaling 137,600 square feet on 22.9 acres, Royal 400 was 80.5 percent leased at the time of sale to national and regional tenants. Matt Tritschler, Steve Morgan and Stephanie Marion of Avison Young represented the seller, NNN Royal 400 LLC, in the transaction.

October 13, 2016

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