Atlanta & Southeast News In Your Inbox

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Atlanta & Southeast  + Atlanta Metro  + Apartments  | 
FIDES Development and PointOne Holdings have broken ground on a $35-million, 160-unit apartment community in Norcross, GA.

FIDES Development, Point One Holdings Launch $35M Multifamily in Norcross

Atlanta-based FIDES Development and PointOne Holdings have broken ground on a 160-unit community at the intersection of Jimmy Carter and Peachtree Industrial boulevards in Norcross, GA.

The $35-million project is the final phase of a 20-acre mixed-use redevelopment weaving together offices, shopping, restaurants and apartments. It is at the gateway to several of metro submarkets and neighborhoods, including Peachtree Corners, Johns Creek, Berkley Lake and Dunwood. The garden-style, gated property is less than five minutes from historic downtown Norcross.

“With apartment demand in Atlanta’s northern suburbs continuing to outpace other submarkets across the MSA, and supply limited, a highly visible location such as this has strong tailwinds that don’t show signs of stopping,” said Heath Hans of FIDES Development.

The JV recently closed the site acquisition and financing for the project and construction is underway. First units expected in the third quarter of 2023.

Connect

Inside The Story

FIDES Development

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Development
New call-to-action
New call-to-action
Chase-12-cube