GreyBrook logotype
Investor Login Contact Us

Greybrook and PMG Secure $182M in Construction Financing for Society Atlanta Mixed-Use Project

November 4, 2022

The 31-story development includes 460 rental apartments and 97,500 square feet of commercial space.

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.

Latest Insights

Greybrook Announces Passing of Founder Elias Vamvakas

Company News
July 11, 2024

  It is with heavy hearts that the Executive Team at Greybrook announces the passing of our cherished founder, Elias Vamvakas, today, after a courageous battle with pancreatic cancer. Elias was 65 years old. Elias Vamvakas was a visionary leader…

Symphony Towns Community Welcomes Newly Completed Dale Hawerchuk Park

Portfolio Updates
July 9, 2024

We are thrilled to announce the recent completion of Dale Hawerchuk Park at our Symphony Towns low-rise development with partner Marlin Spring in South Oshawa. The park’s official opening took place last month during a naming ceremony, which included speeches…

Construction Advances at our 181 East Mid-Rise Development

June 27, 2024

Construction continues to advance steadily on-site at our 181 East development, with the building now fully enclosed. The development team is currently focused on completing the interior fit-out process. The project has completed the selection process for finishes and upgrades…

Home Closings and Construction Progress Continue at our Greenhill Development in Oshawa

June 26, 2024

Greybrook is pleased to share the latest updates on our Greenhill project, a 115-unit development of single detached homes and townhomes at 739, 757, and 787 Conlin Road East in Oshawa, Ontario, developed alongside partner Stafford Homes. Since February, we…

Historic Foundation Pour Kicks Off Vertical Construction at Waldorf Astoria Hotel and Residences Miami

June 25, 2024

Recently our Waldorf Astoria Hotel and Residences Miami achieved a remarkable milestone with a historic foundation pour led by John Moriarty & Associates alongside CAPFORM. Over 31 uninterrupted hours, 195 construction workers and a continuous rotation of 1,240 trucks delivered…

Greybrook Cambridge II Land Development Invesment Announcment

Greybrook Invests $24,680,000 in a Land Development Project in Cambridge, Ontario

June 20, 2024

Greybrook announced today the successful closing of an equity investment by its managed issuer of $24,680,000. The funds will be used to acquire and manage a development spanning 95.7 projected net developable acres, located north of Maple Grove Road, between…

Waldorf Astoria Hotel & Residences Miami

Greybrook, PMG, Mohari Hospitality, S2 Development and Hilton Secure $668M in Construction Financing for Waldorf Astoria Hotel & Residences Miami

Portfolio Updates
June 14, 2024

Greybrook, along with partners PMG,  global investment company Mohari Hospitality, S2 Development, and global hospitality company Hilton (NYSE: HLT) proudly announce they have secured $668M in construction financing for Waldorf Astoria Hotel & Residences Miami. This monumental milestone marks the…

Greybrook Team Support Baycrest’s Bike for Brain Health

June 5, 2024

On June 2nd, the 3rd annual Bike for Brain Health saw thousands of participants, including a team from Greybrook, ride the Don Valley Parkway and Gardiner Expressway traffic free to raise money for the Baycrest Foundation’s fight to defeat dementia.…

Society Wynwood Welcomes First Residents in Miami

May 17, 2024

Society Wynwood, our multifamily residential development in partnership with PMG, is now moving in its first residents. Located at 176 NW 25th St, the 9-story apartment community brings 318 residential units and 50,210 square feet of commercial space to the…

Greybrook Hosts Spring Perspectives & Insights: In Conversation with BMO’s Chief Economist

May 16, 2024

At Greybrook, we are committed to curating events featuring industry experts to provide the latest insights to our investors. Last week, Chief Economist of BMO Financial Group, Douglas Porter took to the stage at our spring Perspectives & Insights to…

All Posts

Join our newsletter and keep up to date with our news & insights

Contact us