Monday, August 1, 2016

HFF arranges $28.4 million financing for Class A mid-rise multi-housing development in Atlanta, GA

Jason Nettles

ATLANTA, GA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $28.4 million in construction financing and advised on the equity capitalization for the development of SPOKE, a 224-unit, Class A mid-rise multi-housing project in Atlanta’s Edgewood neighborhood.

HFF worked on behalf of the developer, Columbia Ventures LLC.

SPOKE is the first phase of a 6.36-acre, urban infill, master planned project being developed in partnership with the Metropolitan Atlanta Rapid Transit Authority (MARTA).

 Situated just south of DeKalb Avenue at 1471 La France Street, the project will have direct access to MARTA via the Edgewood/Candler Park station, and will feature pedestrian-friendly public spaces that blend with the surrounding neighborhood. 

Due for completion in 2017, SPOKE will offer a variety of studio, one- and two-bedroom floor plans averaging 800 square feet each with the residential component situated above two levels of podium parking. 

Units will feature granite countertops with tile backsplashes; Energy Star-rated stainless steel appliances; kitchen islands; in-unit washers and dryers; faux wood plank flooring; frameless glass showers; granite-topped double bathroom vanities; walk-in closets; and terraces/balconies.

Chip Sykes
 Community amenities include a resort-style swimming pool, outdoor fireplace and cabanas, fitness center, clubroom with gaming area, sky lounge and dog park.

The HFF team representing the developer was led by senior managing director Jason Nettles and director Chip Sykes.

“Ideally situated in the historic Edgewood/Candler Park neighborhood, this development will combine modern features with the convenience of mass transit with its on-site access to MARTA,” said Sykes.

“Additionally, the asset will be positioned within walking distance to retail amenities at Edgewood Shopping Center, Little Five Points, DeKalb Avenue and the Edgewood Retail District, and will provide immediate access to jobs in Midtown and downtown Atlanta.”

For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

No comments: