PointOne Holdings has started construction on The Promenade at Newnan Crossing, a 298-unit community in Newnan, Ga., comprising three-story apartments and townhomes.[/caption]

NEWNAN, GA. AND HOLLY SPRINGS, N.C. — PointOne Holdings has broken ground on two multifamily communities totaling 614 units in Georgia and North Carolina. Combined, the projects are valued at $90 million.

In the Atlanta metro of Newnan, PointOne started construction on The Promenade at Newnan Crossing, a 298-unit community comprising three-story apartments and townhomes.

In the Raleigh-Durham suburb of Holly Springs, the South Florida-based apartment owner and developer has broken ground on The Exchange at Holly Springs, a 316-unit, garden-style property. PointOne expects the first residents of both apartment communities to move in during the second quarter of 2019.