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Proposed Wyndham, Margaritaville Project Advances in Downtown Atlanta

Strand Capital Group and Wyndham Vacation Resorts Inc. have proposed developing a 22-story, 212-unit timeshare resort, along with a Margaritaville restaurant and bar in Atlanta. The development team has lined up at least $108 million in financing for the project through Western Alliance Bank.

An affiliate of Strand Capital paid $7.5 million for the less than one-acre property in downtown’s Fairlie-Poplar District. Atlanta preservationists are seeking to protect the 1920’s historic building at 152 Nassau St. on the site because it housed the South’s first commercial recording studio, and is considered the birthplace of country music.

Wyndham can acquire timeshare or vacation ownership interests in 108 units. Wyndham and the developer reached an agreement for the residential component of the project, prior to non-essential businesses closing because of the COVID-19 pandemic. The Margaritaville project had been in the works for a number of years.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.