Enterprise Mill named 2022’s Best Apartment Complex in Augusta, GA

Stephanie Harrison
 and husband John

AUGUSTA, GA, Aug. 16, 2022 – Beacon Real Estate Group, the Miami-based commercial real estate firm with a vast portfolio in Georgia, and across the Southeast U.S., is commencing a $3 million improvement plan at the Enterprise Mill in Augusta, Georgia.

The former cotton mill is now a vibrant mixed-use complex and considered one of Augusta’s true historic landmarks.

Enterprise Mill, 1450 Greene Street,

 named 2022’s Best Apartment 

Complex in Augusta, GA

 

The Enterprise Mill was recently named Augusta’s “Best Apartment Complex” of 2022 by the Augusta Chronicle. Each year, the publication’s readers vote on the “City´s Best of the Best” in different categories.

 Stephanie Harrison of Harrison Properties oversees management and leasing of Enterprise Mill’s apartments.

C. Ralph Kitchens of Nichols Land & Investment oversees management and leasing of Enterprise Mill’s office space.

Upcoming improvements to the 1450 Greene St. complex include interior renovations to all 60 loft apartment homes; new landscaping; north and south tower beautification and signage upgrades; a fire pit gathering area; tenant buildouts for office users and more.

Carlos Imery

 Beacon previously invested more than $2 million to enhance Enterprise Mill’s amenities, add 24-hour security and address deferred maintenance from before the firm’s 2016 acquisition of the property.

 “Enterprise Mill is a crown jewel for both our firm’s portfolio and Downtown Augusta overall,” Beacon Chief Operating Officer Carlos Imery said. 

“These upcoming enhancements build on the momentum we have created through prior upgrades and modernization of the apartment and office components.”

 Originally constructed in the 1840s, Enterprise Mill is a completely renovated former cotton mill adjacent to the historic Augusta Canal. Its revival symbolizes a new era, where southern heritage blends seamlessly with contemporary urban lifestyle. With unique character and stunning original architecture, the mixed-use complex’s apartment homes and office space stands alone in the area.

Enterprise Mill is located between Augusta’s Downtown District and Medical District, which is home to Augusta University, University Hospital, VA Hospital and Children’s Hospital of Georgia.

 

C. Ralph Kitchens 

Each of Enterprise Mill’s one, two and three-bedroom loft apartments have unique features and design components, including wide plank pine floors, exposed brick walls, ceilings that are at least 15” tall and oversized windows. Amenities include a resort-style fitness center, business center with conference room, on-site ATM, courtyard, grill and picnic area.

 “Our residents love how the apartments combine Augusta’s history with modern aesthetics,” Harrison said. “They also recognize that Enterprise Mill offers a one-of-a-kind downtown lifestyle with convenience, waterfront access, entertainment and outdoor activities. Beacon’s substantial improvements will make the quality of life at Enterprise Mill that much more appealing.”

 The complex’s 215,000-square-foot Class A office facility is popular with law firms, engineers, cybersecurity firms, medical tenants and more. Some professionals who work at Enterprise Mill also rent apartments there – especially nurses, doctors and engineers. The office space is fully equipped with state-of-the-art fiber optic communications.

 Apartment home residents and office tenants have access to shared amenities including the fitness center, conference rooms, and the Starch Room,” a rustic event venue located adjacent to Enterprise Mill.

 For apartment inquiries, contact Harrison at (404) 819-3338 or stephanie@hpatlanta.com. 

For office inquiries, contact Kitchens at (706) 364-3901 or rkitchens@nicholsland.net.

Beacon owns more than 6,000 multifamily units in the Southeast U.S., with a strong focus on secondary markets. The company’s portfolio also includes nearly 1 million square feet of office and retail properties in the region.

  

 Contact:

Eric Kalis

Vice President, BoardroomPR

ekalis@boardroompr.com

O 954-370-8999 

C 305-794-5123

Bank of America Plaza | 1776 N Pine Island Road

Suite 320 | Fort Lauderdale, FL 33322

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Western Specialty Contractors Hires Debbie Kalck as Chicago Facades Branch Manager

 Debbie Kalck 

 

 St. Louis, MO -- Western Specialty Contractors announces the appointment of Debbie Kalck as Manager of its Chicago Facades Branch.

In her new position, Kalck is responsible for managing sales, daily operations, and field personnel, plus developing new projects within her branch’s territory.

“Debbie’s ability to connect with people, her positive energy and drive for growth made her the perfect fit to lead our Chicago Facades team,” said Justin Berndt, Western Specialty Contractors Midwest Region Operations Manager.

Justin Berndt

“She has an extensive background in finance, construction, sales, restoration, training, and development, and has spent a large part of her career leading successful teams in multiple industries."

Prior to Western, Kalck was Director of Operations for nearly five years at LMC Construction, Inc. During her time with the Chicago masonry contractor, she became a Certified Manager of Community Associations, Certified Lead Renovator and obtained concrete and masonry licenses. 

In addition, she worked for three years as an Account Executive for a large Chicago-based commercial flooring contractor.

Kalck also has more than 24 years of experience managing customer investments and teams in the financial sector, having worked for Morgan Stanley, MetLife, and Merrill Lynch.

 Contact:

Jennifer Beidle
Jennifer Beidle Communications
St. Louis, MO 63129
United States

www.westernspecialtycontractors.com.  

 

iBorrow provides financing for acquisition and renovation of historic Hamptons' boutique hotel on Long Island, NY

 

Brian Good

 

SAGAPONACK, NY – iBorrow, a nationwide private direct lender for commercial real estate, has provided financing to a well-known boutique hotel/inn owner and operator to support the acquisition and renovation of Wainscott Inn, a 30-room boutique inn situated at 3720 Montauk Highway on the east end of Long Island in Sagaponack, NY.

The financing comes at a time when travel is ramping back up post-pandemic and hospitality-sector fundamentals are improving, according to Brian Good, CEO of iBorrow.

“As people return to traveling, the hospitality sector is benefitting from the rebound of the effects of the pandemic,” says Good. “In Q4 2021, hotel occupancies had risen to 63.2% across the nation from 48.9% one year prior. 

"As a result, hotel investors are increasingly placing capital in assets like Wainscott Inn, which is located at a convenient destination for both business and leisure stays.”

iBorrow’s $3.3 million financing of this asset assists the borrower in adding the property to its portfolio and will serve as a bridge loan as the sponsor pursues construction permits and city approvals.

Jon Heoing

“iBorrow has always been a reliable source to assist in funding projects we have invested in over the years,” says Jon Heoing at Atlantic Equity Partners.

“This particular investment shows strong potential as tourism and travel recover. The financing iBorrow helped to secure is structured to assist us in executing our business plan of acquiring the asset and implementing full renovations.”

Wainscott Inn, 3720 Montauk Highway
on the east end of Long Island 
in Sagaponack, NY.

Lenders are likely to be more open to underwriting hotel transactions as sector fundamentals improve, Good explains.

“While hospitality has been one of the slowest asset classes to rebound from the pandemic, it is anticipated to make a full recovery by 2025," says Good.

 "In fact, the year ahead is trending positively, with hotel occupancy rates and revenue per available room (RevPAR) expected to approach 2019 levels. These indicators boost our confidence in the long-term success of this investment.

 Contact:

Katie Haga

The Smart Agency, Inc.

(949) 438-6262
khaga@thesmartagency.com