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Rendering of planned 315 West Ponce, Decatur, GA |
ATLANTA, GA– Carter, one of the nation’s leading real estate
development, investment and advisory firms, announced today that the company
will develop 315 West Ponce, a $40 million mixed-use project in Decatur,
Ga. The five-story residential buildings will comprise 233 apartment units and
approximately 10,000 square feet of street-level retail space.
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| Conor McNally |
“Carter is
incredibly excited to be developing a Class-A mixed-use project right in our
backyard,” said Conor McNally, chief development officer at Carter.
“While Decatur has experienced significant population and retail growth during
the last 10 years, no new apartment projects have been delivered since 2001,
which makes the timing for this project ideal.”
315 West Ponce will
target young professionals with a mixture of one-, two- and three-bedroom
apartments, as well as a full line of amenities including a pool, clubhouse,
fitness center and two outdoor courtyards with green space.
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| Decatur Square, Decatur, GA |
The development will
also include a structured parking deck to be shared between the new retail and
residential buildings and the existing 10-story office building located on the
site.
The Decatur Downtown
Development Authority has approved the site plan for the project, which is
located two blocks from the Decatur Square and approximately 20 minutes
from downtown Atlanta.
The Preston Partnership is the architect for the project
and Brasfield & Gorrie is the contractor. Construction is anticipated to
begin later this summer.
Carter has a rich
history of developing multi-family projects and specializes in developing
complex, urban mixed-use projects across multiple asset classes. From complicated
mixed-use developments to high-rise condominiums, Carter’s leadership brings a
depth of experience to a variety of project types.
For a complete copy of the company’s news release, please
contact:
Tony Wilbert
The Wilbert Group
404-965-5022
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