Apartment Community in Sandy Springs Trades for $85M
Boston-based GID has acquired Windsor Chastain, a 322-unit apartment community in Sandy Springs for $85 million in an all-cash transaction.
Located at 225 Franklin Rd., the community features one and two-bedroom units ranging from 810 to 2,186 square feet. The community is located nearby the 268-acre Chastain Park. Amenities include a coffee bar, grilling stations, firepit, a pet spa and skyline views of Buckhead.
Originally called Chastain Heights, the community was developed by The Worthing Companies, the seller in the transaction. GID is active in the Sandy Springs/Dunwoody area. It is also the master developer on High Street Atlanta, a 30-acre mixed-use project near the Dunwoody Marta station.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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