1405 Spring, a 326-unit, high-rise, multi-housing development planned in midtown Atlanta, GA |
ATLANTA, G – JLL Capital Markets has arranged the full capitalization for the construction of 1405 Spring, a 326-unit, high-rise multi-housing development in midtown Atlanta, Georgia. Financial details of the deal were not disclosed.
Ed Coco |
The
JLL Capital Markets Advisory Team representing the borrower was led by Senior
Managing Director Ed Coco, Managing Director Matt Casey and Vice
President Kelsey Bawcombe.
“JPX Works and Zeller are elevating the
standard of architecture within Atlanta and will deliver a best-in-class
product to complement and benefit from the continued job growth and
in-migration from higher cost metros into Atlanta,” said Coco.
Matt Casey |
“With a core location in Midtown and a proven development team, Manulife Investment Management represents the ideal investment partner and long-term owner for this project.”
The
31-story building will replace a vacant, single-level commercial building that
most recently served as The John Marshall Law School’s Blackburn Conference
Center.
The
new building will overlook Midtown and Downtown to the south, Atlantic Station
to the west, Ansley Park to the east and offer unobstructed views of Buckhead
four miles to the north.
Situated on .54 acres, the 31-story 1405
Spring will offer studio, one-, two- and three-bedroom units, as well as luxury
penthouses.
The
building’s 21 residential levels will sit atop a ground-level lobby, obscured
eight-level parking garage and a full level of best-in-class amenities,
including multiple indoor lounge areas, coworking spaces, fitness center, yoga
and meditation studio, pool, sundeck and covered outdoor lounge with firepits.
Kelsey Bawcombe |
1405 Spring is situated at the southeast corner of 18th and Spring Streets in Midtown’s burgeoning northern arts district.
The area is home to many of Atlanta’s most beloved arts and cultural institutions, including the Woodruff Arts Center, MODA and the Center for Puppetry Arts.
CONTACT:
Jenna
Sharp
JLL Associate
Public Relations
Phone: +1 214 394
3356
Email: Jenna.Sharp@am.jll.com
No comments:
Post a Comment