LA GRANGE, GA. — River North Real Estate Partners has broken ground on Canopy Crest, a build-to-rent community in La Grange, 67 miles southwest of Atlanta. JLL arranged a $33.5 million construction loan for Phase I, which includes 152 rental homes in a mix of duplexes, detached homes and a product type River North refers to as a “barndominium,” an apartment floor plan averaging approximately 1,242 feet. All homes will be finished with granite countertops, stainless steel appliances, vinyl plank flooring and smart locks and thermostats. Amenities include a fitness center, pool, walking trails, dog parks, picnic areas and fire pits. Patrick Malloy Communities is the builder. Construction timelines for future phases were not disclosed, but River North Real Estate Partners has been approved to develop up to 399 homes on an 88-acre site.
Canopy Crest consists of a variety of home types, including duplexes, stand-alone homes and apartments. River North Real Estate Partners has broken ground on the first phase of the build-to-rent project in La Grange, Ga. (Image courtesy of River North Partners)
River North Partners Underway on BTR Project South of Atlanta
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