SANDY SPRINGS, GA — High Street Residential (HSR), the residential subsidiary of Trammell Crow Co. (TCC), alongside partner Third & Urban, has broken ground on Hillcrest, an 8-acre mixed-use development in the Atlanta suburb of Sandy Springs. Completion is slated for 2027. The project will include 362 apartment units, 30 for-rent townhomes, approximately 18,000 square feet of retail space and a central greenspace plaza. Hillcrest is located adjacent to the $230 million City Springs mixed-use development and is situated on land acquired from the Sandy Springs United Methodist Church, which …
Georgia
LILBURN, GA. — RangeWater Real Estate, the City of Lilburn and the Lilburn Downtown Development Authority have begun construction of The Porchline, a 269-unit community that will include a 700-space public parking deck in downtown Lilburn, an Atlanta suburb. TMGRI, a subsidiary of The Meridian Group, is also a development partner. Construction completion is expected by approximately late 2026. The Porchline will feature a mix of studio, one-, two- and three-bedroom apartments. The community will feature a pool, grills, a gym, coworking spaces, a dog spa, a bar and a …
POOLER, GA. — Berkadia has arranged approximately $60.8 million in construction financing for Bayline Group’s Mosaic Pooler project. The 333-unit community will open by approximately May 2026. Located in Mosaic Town Center, a 170-acre, mixed-use development about 10 miles west of Savannah, Georgia, the community will provide a mix of one-, two-, and three-bedroom units. An affiliate of Bayline Group acquired the 12-acre site at 800 High Ave. in 2023. Bank OZK provided a $47.5 million three-year, floating-rate loan. Berkadia also lined up $13.3 million in preferred equity through FCP. …
ATLANTA — Marcus Partners and RPM Investments have acquired The Heights at Shadowood, a 287-unit community in Atlanta, for an undisclosed price. The property, developed in 2023 by the Worthing Cos., is one mile from the mixed-use district known as The Battery and Truist Park, home stadium for the Atlanta Braves. The new owners are planning to rename the community The Maddux at Shadowood. Don Hoffman of CBRE Southeast arranged the sale.
DORAVILLE, GA. — RangeWater Real Estate has opened Camino at BuHi in Doraville, a suburb of Atlanta. The property was developed in partnership with North America Sekisui House, a subsidiary of Sekusi House, one of Japan’s largest homebuilders. Camino at BuHi offers 303 apartment units and townhomes. It is RangeWater’s 26th development in the Atlanta area and the fourth project for its recently launched in-house construction company. Floor plans at Camino at BuHi are offered as studios as well as one-, two- or three-bedroom units. Amenities include a dog park …
ATLANTA — Affordable housing is facing a tumultuous second half of the year. Tariffs on building materials such as lumber, steel and aluminum are slowing development activity as they elevate construction costs. Investment sales are also likely to be impacted by unstable economic conditions in the affordable housing sector, where many transactions are conducted within a limited budget due to the nature of income restrictions for renters. Amid high costs and trade uncertainty, many investors are making the decision to stay on the sidelines or invest in markets with more …
ATLANTA —RangeWater Real Estate has named Brian Soss to the role of executive managing director of acquisitions. Soss will lead the Atlanta-based company’s acquisitions strategy, identifying and securing investment opportunities. Prior to joining RangeWater, he served as co-head of multifamily asset management for Starwood Capital Group. He also previously held key positions at MetLife Investment Management. Soss received a Bachelor of Arts in economics from the University of Vermont and a Master of Business Administration from Georgetown University’s McDonough School of Business.
The need for affordable housing is palpable across the nation, and Atlanta is no exception to the rule. A 2023 report from the Georgia Department of Community Affairs found that there is an extremely inadequate supply of housing that is affordable and available for all income levels, but especially for the lowest income renter households. In 2021, Atlanta Mayor Andre Dickens established a goal to build or preserve 20,000 units of affordable housing across the city by the end of 2030. And a major contributor to these efforts is the …
ATLANTA — Wood Partners has broken ground on Ben Hill, a 236-unit community in Atlanta. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a clubroom, coworking space, day offices, a fitness center, pool and dog park. The property is located near Hartsfield-Jackson Atlanta International Airport, as well as major industrial corridors such as the Fulton Industrial Corridor and the I-85 South industrial corridor. The locally based developer began constructing the project in January. Ben Hill is slated for completion in August 2026.
PORT WENTWORTH, GA. — A joint venture consisting of PCCP and Advenir Azora has purchased 28 acres in Port Wentworth for the development of a 250-unit build-to-rent (BTR) community. The site is located at 1100 Meinhard Road, approximately 10 miles from the Port of Savannah, a major seaport located in Savannah, Georgia. The community will offer one- and two-bedroom duplexes, two-bedroom cottages and two- and three-bedroom townhomes. The average unit size will be 1,081 square feet. Amenities will include a 3,000-square-foot clubhouse and leasing center with a conference room, coffee …