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| 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.
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| 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 | www.hfflp.com
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