ATLANTA, GA – Vista Realty Partners has announced plans to develop a 303-unit multifamily complex in Douglasville, GA. The $41 million project is located in Douglas County near Sweetwater Creek State Park.
The firm's newest community will feature units ranging from 600 square feet to 1,450 square feet, offering rent options from $850 for a one-bedroom residence to $1,500 for a three-bedroom residence. The property, surrounded by 40 acres of woodlands, will also feature an on-site nature trail and fitness area.
The development is situated on Riverside Parkway with access to I-20 and I-285 corridors, located near Hartsfield-Jackson International Airport and Atlanta's Midtown district.
Phillips Architects has designed the complex and Synovus Bank has provided $26 million in construction financing for the apartment community. Construction on the project will begin next month and is expected to be completed in September 2020.
The project acts as the submarket's first new multifamily housing development in the last decade.
Vista Realty Partners is an Atlanta-based real estate investment company that focuses on developing and operating rental and for-sale multifamily housing throughout the Southeast. Founded in 2000, the company's portfolio consists of more than 60 properties with more than $1.4 billion in value.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
