Avia at North Springs in Sandy Springs, Georgia

Tishman Speyer Acquires Workforce Housing Community in Atlanta Suburb

by Channing Hamilton

SANDY SPRINGS, GA. — Tishman Speyer has acquired Avia at North Springs, a workforce housing community in the Sandy Springs suburb of Atlanta. Avia at North Springs was constructed in two phases between 1989 and 1996. The property comprises 502 units in studio, one-, two- and three-bedroom layouts. Amenities include a clubhouse, two pools, tennis courts and a children’s playground. Avia at North Springs also features a series of wooded walking trails throughout the 18.6-acre property and a boardwalk overlooking a nature preserve.

Tishman Speyer purchased the asset, which will be rebranded as Randolph Perimeter, through its TS Communities platform. The company plans to conduct a strategic renovation program with most existing units being updated gradually after natural vacancy. The amenity package will also be upgraded with a fitness center, pickleball court, poolside lounge areas and outdoor TV lounge.

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