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ATLANTA-Some $19 million in construction financing has gone to the 123,542-sf Village Place Brookhaven here. Dan Woodley Communities Inc. is developing the project at the corner of Dresden Drive and Caldwell Road.
The project will consist of two buildings. Both will contain retail, restaurant and residential space and one building will also offer office space. The property is located in the Brookhaven neighborhood, just north of Buckhead and Downtown. The Brookhaven Marta Station is located less than a mile east of the property.
Chicago-based Wrightwood Capital provided the financing, which was sourced through Bill Leffler, of CBRE/Melody. The developer has already completed phase one of a four-phase planned redevelopment along Dresden Drive. The first phase, called Brookhaven Park Place, is located across the street from Village Place Brookhaven and contains two restaurants and residences.
"Located in an area that is experiencing significant redevelopment, Village Place is positioned to become a highly sought-after residential community," says Wrightwood Capital Atlanta office senior director of investments John Davis. "The ability to access the city without having to use a freeway is another benefit, given the levels of traffic congestion in and around Atlanta."
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