MIAMI – DECEMBER 9, 2021
South Florida Real Estate Firm PointOne Holdings has partnered with The Residential Group to develop Crest at South Point, a 378-unit, luxury, multifamily development in Metro Atlanta’s city of McDonough, Georgia.
The multifamily community will feature 3-story walk up buildings with surface parking and market-leading amenities including an impressive pool with sundeck, massive clubhouse, outdoor kitchens and fire pits, best-in-market fitness center and co-working style facilities for residents.
“We are excited to partner with The Residential Group to develop another exceptional multifamily property in one of Metro Atlanta’s highest-growth suburbs,” said Ben Colonomos, PointOne Holdings’ Managing Partner. “This project meets our very focused strategy to build garden-style multifamily communities in growth markets throughout suburbs in the Sunbelt and Colorado.”
Crest at South Point will be conveniently located within half of a mile from Interstate 75 and a short walk to McDonough’s premier shopping destination: the 700,000 square foot South Point Mall. Henry County is one of Atlanta’s top growth corridors with over 15% projected population growth over the next 5 years. Despite this impressive growth trend, Henry County’s 96% occupied apartment market has been undersupplied, providing a catalyst for continued rent growth.
The joint venture recently closed the site acquisition and financing for the project and construction will soon be underway. First apartment units as well as the leasing and resident centers are expected to deliver the first quarter of 2023.
PointOne Holdings is a real estate investment firm headquartered in South Florida and Atlanta with properties located throughout the Southeastern United States, Texas, Virginia, and Colorado. The firm owns and manages a diversified portfolio of residential and commercial assets valued in excess of $1.3 billion. PointOne Holdings’ core principles are founded on precise investment selection, thorough due diligence, creative deal structuring, strong financial management and proactive and responsive communication. For more information visit www.pointoneholdings.com