AUGUSTA, GA. — Affordable housing finance firm Churchill Stateside Group has arranged and closed a $14 million FHA 223(f) loan for Lakeview Terrace, a recently completed, 200-unit community in Augusta restricted to households earning no more than 60 percent of area median income. The FHA 223(f) loan provides long-term, fixed-rate financing for existing multifamily properties, including newly constructed communities transitioning from construction to permanent financing. In addition to the loan, the project also was funded by 4 percent federal and state low-income housing tax credits. Details about the development team …
CANTON, GA. — Dallas-based The Milestone Group has acquired Legends at Laurel Canyon, a 266-unit garden-style community in the Atlanta suburb of Canton. Legends at Laurel Canyon offers floor plans averaging 1,227 square feet and features a clubhouse, fitness center, resort-style saltwater pool, Amazon Hub Lockers, a car care center, bike racks and a pet park and spa. The gated community is comprised of one-, two- and three-bedroom units. The sales price and seller were not disclosed. The community was developed in 2020 on approximately 27 acres and is located …
ACWORTH, HOSCHTON, GA. — Newmark has arranged a $109.5 million loan for Ares Real Estate to refinance two Atlanta-area assets. ACORE Capital was the lender, with Jordan Roeschlaub, Nick Scribani, Chris Kramer and Sam Speciale leading Newmark’s team. The two properties are The Knox in Acworth and The Finch in Hoschton, delivered in late 2023 and early 2024 respectively and comprising 638 units. Both offer resort-style pools, fitness centers, resident lounges and media rooms and outdoor gathering areas.
SAVANNAH, GA. — Newmark has arranged the sale of a portfolio consisting of three properties built between 1987 and 1990 in the greater Savannah area. The buyer, which assumed a fixed-rate Freddie Mac loan in the transaction, was an unnamed large private fund with several holdings in and around Savannah. The seller, represented by Newmark’s Brooks Colquitt, was Dallas-based RREAF Holdings. The sales price was not disclosed. The properties include the 144-unit Azure Cove in Garden City, Kessler Point, a 120-unit property also in Garden City, and The Arbors, a …
ATLANTA — McShane Construction Co. and developer The Integral Group have completed construction of Ashley Scholars Landing II, a 212-unit mixed-income community in Atlanta. A portion of the units (114) are reserved for households earning no more than 60 percent of area median income. The project is part of the master-planned Ashley Scholars Landing mixed-use development, which is a multi-phased, master-planned redevelopment in Atlanta’s Westside near the Atlanta University Center, transforming the former University Homes public housing site with a combination of senior housing, market-rate and affordable apartments as well …
NEWNAN, GA. — Thompson Thrift will develop Wrenly, a 214-unit property in Newnan, 40 miles southwest of downtown Atlanta. Indiana-based Thompson Thrift expects to welcome residents by April 2027 with full construction completion slated for early 2028. The 29-acre community will consist of six residential buildings with units offered as one-, two- and three-bedroom floor plans. Amenities include a 24-hour fitness center, a pool with a waterfall feature, a firepit with seating areas, grills, a pickleball court, a dog park and a business center.
DECATUR, GA. — Vertical construction at Lulah Hills, EDENS’ 78-acre redevelopment of the former North Dekalb Mall in metro Atlanta, will begin in December with the construction of NOVEL Lulah Hills. The six-story community will include 303 units in studio, one-, two- and three-bedroom floor plans. The development includes 39,000 square feet of ground-floor retail. Completion is slated for late 2027. Amenities will include a pool with cabanas, a beer and game garden, outdoor dining spaces, flexible space for workshops and events, a craft closet, a stocked dining pantry and …
PEACHTREE CORNERS, GA. — Alliance Residential Co. has acquired 10.7 acres of land in Peachtree Corners, a city about 30 miles northeast of downtown Atlanta, for the development of Broadstone Innovation. The 326-unit property site is located within Technology Park Atlanta, a 500-acre district home to several tech firms and startups. Designed by Brock Hudgins Architects and MAD Studios, Broadstone Innovation will offer floor plans ranging from 600-square-foot junior one-bedrooms to 1,100-square-foot two-bedroom units. Amenities will include a resort-style pool, a fitness center, an outdoor kitchen, fire pits and access …
ATHENS, GA. — Columbia Residential, in partnership with the Athens Housing Authority and Jonathan Rose Cos., has closed on $65 million in financing for development of The Square at NoDa. The 146-unit affordable housing community represents the second phase of a larger redevelopment of approximately 12 acres in north downtown Athens that was formerly home to the Bethel Midtown Village housing development, which was constructed in the early to mid-1970s and demolished in 2021. Phase I consisted of The View at NoDA, a 120-unit mixed-income community that opened in December …
CHAMBLEE, GA. — Atlas Real Estate Partners has opened The Hawkins, a 192-unit property in Chamblee, 14 miles northeast of downtown Atlanta. In addition to Atlas, the development team included FIDES Development, New South Construction, Nelson Architects, Banko Design and Greystar Property Management. The Hawkins offers a mix of studio, one-, two- and three-bedroom units and such amenities as a sky lounge with panoramic views of the neighboring Dekalb-Peachtree Airport, coworking spaces, an indoor-outdoor fitness center, a resort-style pool, ground-floor retail and a dog spa.
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