Located on Highway 92 at the corner of Main Street, the multifamily property offers direct access to Downtown Woodstock and is within the award-winning Cherokee County School District. The multifamily property is also close to over 280,000 jobs in North Fulton and Cumberland/Galleria. Money magazine called it one of the “Best 50 Places to Live in America” in 2015.

There are several large developments taking place that will enhance the area's economy. SunTrust Park, a new $1.1 billion Atlanta Braves stadium and mixed-use development, is expected to open in 2017 and bring over 4,000 jobs to the North Atlanta region. Lakepoint Sports Campus is currently under development and is expected to bring over 26,000 new jobs upon completion in 2018.

ATLANTA—Crest at Laurelwood, a newly-built 272-unit multifamily community in the Atlanta suburb of Woodstock, GA, has traded hands. The sale price: $43.175 million.

Praedium Group, a New York City-based national real estate investment firm, acquired the multifamily asset. Developed in 2015, the luxury multifamily community sits in one of the highest-growth submarkets in the Atlanta MSA.

“The property is located in a submarket with limited new supply, a highly rated school district and direct access to an award winning downtown restoration and redevelopment,” Peter Calatozzo, managing director of Praedium Group, tells GlobeSt.com. “When these factors are considered in conjunction with the strong employment drivers located in northern Atlanta, Praedium believes there is an opportunity for growth in this marketplace.”

Crest is home to eight multifamily buildings with units featuring nine or 10-foot ceilings. Community amenities include a cyber café, billiards room, two-story fitness center and yoga studio, swimming pool, outdoor fireplace with TV, fire pit, dog-park and electric car charging stations.

Located on Highway 92 at the corner of Main Street, the multifamily property offers direct access to Downtown Woodstock and is within the award-winning Cherokee County School District. The multifamily property is also close to over 280,000 jobs in North Fulton and Cumberland/Galleria. Money magazine called it one of the “Best 50 Places to Live in America” in 2015.

There are several large developments taking place that will enhance the area's economy. SunTrust Park, a new $1.1 billion Atlanta Braves stadium and mixed-use development, is expected to open in 2017 and bring over 4,000 jobs to the North Atlanta region. Lakepoint Sports Campus is currently under development and is expected to bring over 26,000 new jobs upon completion in 2018.