194-Unit New Luxury Class-A Multifamily Project Coming to Metro Atlanta city of Lawrenceville
PointOne Holdings and Brand Properties announce development of a multifamily community
HOLLYWOOD (PRWEB) JUNE 11, 2019
South Florida Real Estate Firm PointOne Holdings has partnered with Atlanta’s Brand Properties to develop a 194-unit class-A multifamily community in the city of Lawrenceville, located in Gwinnett County, a high growth suburb of Metro Atlanta.
To be named Sugarloaf Marketplace, the multifamily property will be constructed on 8.5 acres and include three residential buildings which will feature best-in-class finishes. The community will include a resort-style saltwater pool with an expansive pool deck featuring pergolas and grilling areas, a professional fully equipped fitness facility, a large business center including a cybercafé and conference room, and dog park with dog wash facility. Units will feature 9 ft ceilings, granite countertops, stainless steel appliances, ceiling fans and walk-in closets.
Located on Duluth Highway, the property boasts excellent access to I-85 and enjoys a daily traffic count in excess of 35,000 vehicles per day. Residents will benefit from strong public schools and adjacent retail with tenants such as L.A. Fitness, Massage Envy, and Cupcake People. Furthermore, the property is located directly across the street from the 1.2 million square foot super regional mall, Sugarloaf Mills, which provides entertainment (Dave Busters, AMC Theater, Lunar Golf and Bass Pro Shops), retail (Foot Locker, Forever 21, Nike Store), as well as a variety of food concepts (Starbucks, Subway, Cold Stone Creamery.)
“We are privileged to work with the leadership team at Brand Properties for the development of our newest multifamily property in Atlanta, Sugarloaf Marketplace,” said Ben Colonomos, PointOne Holdings’ managing partner. “With great partners, a high-employment, high-growth and high-barrier-to-entry location, we are very confident that this will be a great investment to our family of investors.”
Gwinnett County is presently the second largest county in the state of Georgia with an estimated population of 920,260 according to the most recent United States census data. It has led the nine county Atlanta MSA over the past 46 years in population growth and is projected to continue that trend through 2020. Gwinnett County has approved a limited number of multifamily developments over the past several years resulting in a shortage of Class-A multifamily communities.
“We are excited to be breaking ground on our latest development, the Sugarloaf Market of Gwinnett County,” said R. Brand Morgan, CEO of Brand Properties. “Our developments in this area of Gwinnett have been our most successful, and we expect that trend to continue with Sugarloaf. The team at PointOne approaches developments in the same manner that we do - build a quality product in the right location and you will be positioned well for success.”
PointOne Holdings is a real estate investment firm headquartered in South Florida and Atlanta with properties located throughout the Southeastern United States and Texas. The firm owns and manages a diversified portfolio of residential and commercial assets valued in excess of $730 million. PointOne Holdings’ core principles are founded on precise investment selection, thorough due diligence, creative deal structuring, strong financial management and proactive and responsive communication. PointOne Holdings’ principals are seasoned professionals with over 40 years of combined experience who have collectively conducted over $1.9 billion in real estate transactions. For more information visit www.pointoneholdings.com
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