Southeast Capital Breaks Ground on $33M Project

ATLANTA-Locally based Southeast Capital Partners Inc., confident its strategically located 6.5-acre tract in the desirable Poncey Highlands submarket will pay quick dividends, has broken ground on the $33-million Block Lofts @ Poncey Highlands at 747 Ralph McGill Ave.

First occupancy is scheduled for July with projected average apartment rents of $1,000 to $1,500 per month for 900-sf to 1,200-sf units. Condos will sell in the $150,000 to $250,000 range.

Satish Lathi, a Southeast Capital principal, tells GlobeSt.com he is confident the project will succeed even though it is surrounded by other condo developments erected in the past few years. “Most are sold out,” Lathi says.