Project Update: Construction Financing Secured for Mixed-Use Development in Georgia

January 09, 2021
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Photo Credit: Granite Properties

Photo Credit: Granite Properties

Source: REBusiness Online

Developers have acquired $290 million in construction financing to build Midtown Atlanta, a large mixed-use community.
 
Where is this happening?
Atlanta, Ga.
 
Who is involved?
Developers: MetLife Investment Management / Granite Properties / StreetLights Residential
Designers: Cooper Carry

When is this happening?
Construction should wrap up on both buildings by the end of 2022.
 

Why is this important?
Completion of this development will help create a new, pedestrian-friendly retail and residential corridor in the currently car-dependent downtown core of Atlanta.
 
Key aspects?
Mix of studio, one-, two-, and three-bedroom floor plans in residential building
Outdoor terrace on eighth-floor of office building
Fitness center in both buildings
HVAC system with MERV 13 air filters in office building
Coworking space in residential building
Pool in residential building
 
Project specs?
Two buildings: a 26-story office building with 612,000 square-feet of space including 24,000 square-feet of ground-floor retail space; and an 18-story residential building with 8,000 square-feet of ground-floor retail space

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