Southeast Capital Breaks Ground on $16M Adult Complex

ATLANTA-Southeast Capital Partners Inc. has broken ground on the Gardens at Lake Spivey, a $16-million, 200-unit apartment community designed and developed for tenants in the 55-plus age group. One-bedroom and two-bedroom units will rent for $800 to $1,000 per month.

Satish Lathi, a principal at Southeast Capital, tells GlobeSt.com the Gardens at Lake Spivey is believed to be the first apartment venture in the metro area created exclusively for the 55-plus clientele. Occupancy is slated for fall of this year. “The growing number of families provides a strong base of prospects as seniors tend to move close to their families,” Lathi says. “In addition, we are seeing strong interest from long-time local residents who are now ready to simplify their lifestyle.”

The property is on Highway 138, 1.5 miles from Interstate 75. Southeast Capital picked Clayton County because it is “one of the fastest-growing counties in the metro Atlanta area,” Lathi tells GlobeSt.com. “It has become an extremely popular place to live for young families and has seen tremendous growth in single-family housing in part due to its proximity to Downtown, the airport and its excellent highway access.”