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With all possible utilities, including Sewer and FiberOptic, immediately at the street front, this small 2.5 acre site becomes very valuable and useful for so many potential retail options. The site is very wooded and has an old abandoned value-less structure further back on the property.
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This spot is truly a diamond in the rough. Once completed, the new proposed Sugarloaf Parkway extension will also be less than a 1/2 mile away to the east as well. This is a super site for accommodating an apartment dweller's walking appetite for almost any convenience or necessity. New demand will be high very soon as the construction of a 240-unit senior apartment complex is well underway just 1 block away at the north opposite corner of Hurricane Shoals. The 824-unit Huntington Park property is home to more than 1,000 residents.Outstanding location for new small shopping center 2-story type with about 8-10 sublet stores/venues. The Georgia Department of Community Affairs issued state and federal LIHTC for the properties, while the housing authorities of the City of Stonecrest, Lawrenceville and Gwinnett County acted as conduit issuers for the tax-exempt debt.Įarlier this year, Dominium sold the second largest affordable community in Minnesota in a nearly $75 million deal, following a 24-year ownership. RBC Community Investments and Monarch Private Capital contributed equity investment in 4 percent LIHTC and in Georgia state LIHTC, respectively.
#Old peachtree ed and hurricane sholes mac
The 240-unit Preserve at Peachtree Shoals will be located at 2995 Old Peachtree Road in Dacula, Ga., roughly 37 miles northeast of downtown Atlanta.įinancing closed in July 2020 and included a Freddie Mac Forward TEL serviced by KeyBank, a tax-exempt construction loan and taxable equity bridge loan originated and provided by KeyBank. Stratford Capital Group and Monarch Private Capital provided equity investment in 4 percent LIHTC and in Georgia state LIHTC, respectively. The $50 million, 240-unit Grayson Ridge community will be located at 1466 Grayson Highway in Lawrenceville, Ga.įunding for the project concluded in June 2020 and included a Freddie Mac Forward TEL provided by KeyBank, a tax-exempt construction loan and a taxable equity bridge loan originated and serviced by KeyBank. Additionally, Stratford Capital Group provided 4 percent federal Low Income Housing Tax Credits, while Twain Financial contributed Georgia state Low Income Housing Tax Credits. The 238-unit Stonepointe will rise at 6757 Covington Highway in Lithonia, Ga., less than 20 miles west of downtown Atlanta.įinancing for the upcoming community closed in December 2019 and included a Freddie Mac Forward Tax Exempt Loan provided by JLL, a tax-exempt construction loan and an equity bridge loan originated by Fifth Third Bank.
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Rendering courtesy of Martin Riley Associates Martin Riley Associates headed up the architectural design of the properties. Common-area amenities will include fitness centers, community rooms, beauty salons and patios. The four-story buildings on the eastern outskirts of Atlanta will encompass 374 one-bedroom, 296 two-bedroom and 48 three-bedroom units. Completion is slated for the second half of 2021. The communities will cater to adults 55 and over, earning 30 to 80 percent of the area medium income. Rendering courtesy of Martin Riley Associatesĭominium has kicked off construction on three affordable senior properties in Georgia totaling 718 units.