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Northland Acquires Chamblee Multifamily and Midtown Development Site
Newton-MA based Northland has acquired SLX Atlanta, a luxury mid-rise multifamily located in Chamblee, and a four-parcel 0.76-acre high-rise development site located at the corner of 17th and Spring streets in Midtown Atlanta.
The 17th and Spring site is surrounded by 30 million square feet of office space that is either existing, under construction or proposed. It is adjacent to Midtown Union, an in-progress mixed-use that will deliver 32,000 square feet of retail.
SLX Atlanta offers 306 units and 24,189 square feet of wellness-focused retail space.
According to the company, Northland has invested $450 million in multifamily assets plus $250 million in future development since entering GA in 2020.
“We are excited to welcome SLX into our portfolio and to have secured the most compelling remaining development site in Midtown Atlanta,” said Matthew Gottesdiener, CEO. “Our investing horizon at Northland is 50 years, and we believe Atlanta’s current nation-leading growth trajectory is just getting started.”
Photo: SLX Atlanta
- ◦Sale/Acquisition
- ◦Development
