Quill Apartments | Atlanta, Georgia
ATLANTA, GA | 25 Oct. 2022
This 208-unit, market rate, multifamily building and adjacent parking deck complete the master plan campus at the Edgewood Candler Park MARTA station. Quill represents the last phase of development of this campus which includes Spoke ( 224 apartments), a purpose-built dance studio for youth (Moving in the Spirit), a two story office building with retail, a central public greenspace, and finally Quill.
LDG Client, Columbia Ventures incorporated feedback received during lease-up of Spoke (the first phase of development on the campus) and created a unit mix that directly responds to the current market demands, offering slightly smaller units than the initial phase, while still placing careful attention on the quality and diverse entertainment opportunities the amenities have to offer. Our main scope for this engagement was to assist the development team in providing unit and amenity punch management as well as formally accepting the completed spaces from the general contractor. Additional services included analyzing the general contractor’s schedule, tracking the GC’s projected acceptance of units vs. actual acceptance, and establishing a framework for the calculation of liquidated damages if required per the contract.
In rounding off the mixed-use intent and plan of this Edgewood TOD campus, Quill included a retail and commercial activation overlooking the park / greenspace in the form of a stand-alone, two-story, 7,500 sqft commercial building. The commercial building boasts a strong mix of tenants, with a full restaurant activation with alcohol service combined with a wine and cheese boutique shop on the ground floor with both indoor and outdoor seating. The upper floor houses several varied office users.
PROJECT HIGHLIGHTS
- Location: 1460 La France Street NE, Atlanta, GA 30307
- Construction Commencement: Q1 2020
- Project Type: Urban infill, multifamily, ground up, TOD, mixed use, ground lease
- Total Development Cost: $45 Million
- Units: 208 Class A Apartments, 7,500 SF Neighborhood Commercial
- Placed in Service: April 2022
- Financing Method: Conventional Debt, Lease Purchase Revenue Bond (Tax Abatement), Private Equity
- Financial Partners: Ameris Bank (Lender), Radco (Equity), Invest Atlanta
- Developer and Equity Partner: Columbia Ventures
Leave A Comment
You must be logged in to post a comment.