ATLANTA — Vida is raising an equity fund to build two multifamily properties and one build-to-rent community in suburban Atlanta. The Atlanta-based developer has completed its seed funding round on the $47 million fund, which is entitled Vida Opportunities Fund I LLC.
Vida is developing GuildHouse at 2085 Marietta Blvd. in the Upper Westside neighborhood of Atlanta. The unit mix at GuildHouse will include 354 apartment units, as well as 39 build-to-rent townhomes. Apartments will range from 550 to 1350 square feet. Townhomes will rise three stories and come in three-bedroom floor plans.
Residents will have access to shared amenities such as a coffee bar, coworking space, pool, pet spa, sky lounge, two courtyards and a pocket park. The property will also include 7,200 square feet of commercial space facing the pocket park.
Additionally, Vida is building Carrena at 3172 Financial Center Way in the Atlanta suburb of Buford. The community will offer 332 units in studio, one-, two- and three-bedroom layouts. The firm also plans to break ground on two garden-style developments, Verona in Fairburn, Georgia, and Solara in Powder Springs, Georgia.