Greybrook and PMG have secured $182 million in construction financing for Society Atlanta, a 460-unit mixed-use project located at 811 Peachtree St NE. A major U.S. life insurance company and Related Fund Management provided the loan with the transaction brokered by Jones Lang LaSalle (NYSE: JLL).
“We are very pleased with the support demonstrated by our lending syndicate that has enabled us to fully capitalize the Society Atlanta project at this stage,” Sami Mouaket, Director of U.S. Investments and Development at Greybrook. “The construction program is now in full swing and advancing on schedule. Along with our partners at PMG, we look forward to successfully delivering this mixed-use community to Atlanta’s Midtown neighbourhood in the years ahead.”
“We are thrilled to once again receive support from top lenders alongside our partners at Greybrook,” said Andrew Warman, Managing Director of Capital Markets at PMG. “Our Society Living multifamily platform has demonstrated nationally a dedication to fostering thriving, community-centric properties for residents with activated ground-floor retail space for locals and visitors. We are confident Society Atlanta’s lively and engaging atmosphere will be the perfect addition to the neighborhood and look forward to welcoming residents when construction is complete.”
Designed by architecture firm Cooper Carry, Society Atlanta will offer efficiently designed floor plans with amenities including a large pool deck with grilling lounge areas, a massive co-working lab with private conference rooms, an expansive modern gym, and a fitness studio. The project will also feature 82,000 square feet of Class A office space, represented by Cushman & Wakefield, and 15,500 square feet of prime ground floor retail space, represented by Bridger Properties. Juneau Construction Company is the general contractor for the property, which broke ground in May 2022 and is slated for completion in late 2024.
Society Atlanta is among a growing list of Society Living communities in various stages of development across the country. Launched in 2019, PMG created the national Society Living multifamily brand to address the insatiable demand for reasonably priced rental communities in the most desirable locations, where modern neighbors can connect and thrive together. Urging residents to “Choose Happiness,” Society Living focuses on creating inspiring living spaces that encourage personal growth within a culture of inclusivity and unity. With over 8,500 units planned, the firm is currently developing Society Living properties in Miami, Fort Lauderdale, Orlando, Nashville, Denver and Brooklyn, with more to be announced soon.
On December 20th, Greybrook successfully closed on a $42,000,000 investment completed by its managed issuer. The funds will be used to acquire and oversee the development of a prime parcel of land located at the intersection of Warden Avenue &…
Greybrook is proud to share our support towards the revitalization of The City of Cambridge’s Preston Memorial Auditorium. This contribution will play a crucial role in the ongoing renovation and expansion of the recreational facility, which will continue to serve…
This past fall, the 5th Annual Velo Blu charity ride for Blu Genes took place, bringing together over 140 participants and raising more than $400,000 for gene therapy research. Set at Peller Estates Winery, this unforgettable event highlighted the power of community…
Since its launch last October, the low-rise, master-planned community—developed in partnership with Tribute Communities—has continued to attract interest from prospective buyers eager to experience the small-town charm of Lindsay. Now, with the grand opening of the showhomes, buyers have the…
The rise of artificial intelligence (AI) and the increasing adoption of technology across industries has led organizations to explore new ways to transform and streamline operations to stay competitive. As a result, the demand for tech talent has surged, often…
One of the most common questions we hear from investors is: How do we determine where to invest, especially as markets evolve? In today’s dynamic real estate landscape, making sound investment decisions requires a disciplined and selective approach. During a…
We’re excited to share the highlights from Inside Track 2024, our annual investor event that offers industry-leading insights and engaging discussions on the future of real estate and the broader economy. This year, attendees had the opportunity to hear from…
Greybrook and our partners PMG, are pleased to announce that pre-leasing has commenced for Society Atlanta. Located at 811 Peachtree St. NE, Society Atlanta is a 31-story tower featuring 460 rental apartments, over 87,000 square feet of office space and…
We recently had the opportunity to fly over our Archetto Towns project in Woodbridge, offering a new perspective of our 91 townhomes low-rise community. Standing out against the eye-catching backdrop of vibrant fall foliage, this exclusive collection of contemporary townhomes,…
We are thrilled to announce that our Artistry Condos high-rise development in Toronto’s vibrant Grange Park community has reached a significant milestone with the successful topping-off of the building. This achievement marks the completion of the structural formwork at its…
