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 Economic Development News 
Tuesday, April 30 2019
Branch Properties Begins Next Phase of Apartment Complex


Atlanta, GA -- Real estate developer Branch Properties, LLC, and general contractor Summit Contracting Group, Inc., have begun the third phase of a mixed-use residential development on 50 acres in northwest metro Atlanta.

“West Village is a vibrant, master-planned community being developed to serve the burgeoning rental market in affluent Cobb County,” said Jack Haylett, Senior Vice President of Branch Properties. “We continue to remain active on the multifamily front in communities where there is strong demand for thoughtful development and quality construction.”

Phase III of West Village, located in Cobb County, Ga., a bedroom community northwest of Atlanta, will include 313 apartments and 470 parking spaces on nine acres. The apartments will range in size from 660-square-foot studios to 1,484-square-foot, three-bedroom, two-bath apartments. Branch Properties is the owner and developer, and Summit Contracting Group is the general contractor.

West Village has succeeded in large part due to Cobb County’s thriving economy and 10.8% population growth since 2010. Branch Properties assembled the 50-acre site in 2005, developing 292 Class A multifamily units and 68,000 square feet of retail in the first phase of construction.

Branch Properties completed the second phase of West Village in 2011, adding another 188 apartments, before selling to MidAmerica Apartment Communities in 2014. West Village received a “Development of Excellence” Award from the Atlanta Regional Commission in 2007. 

Amenities will include a 3,000-square-foot public library, as well as a fitness center, dog park, pool and courtyard for residents. Construction is expected to be complete in early 2021 with the first group of apartment units coming on the market in Spring 2020.
 
About Branch Properties
Founded in 1973, Branch Properties, LLC is a private real estate investment firm whose primary focuses are acquiring and developing upscale grocery-anchored shopping centers and developing well-located Class A multifamily assets in Alabama, Georgia, Florida, Tennessee, and the Carolinas. As a vertically integrated real estate operating company, Branch Properties has the in-house expertise to source, negotiate, acquire, develop, re-develop, finance, lease and manage its investments. Over the past four decades, Branch Properties has acquired, developed and managed over $4 billion of commercial real estate, accounting for more than 140 properties. For more information: www.branchprop.com.

About Summit Contracting Group, Inc.
With offices in Jacksonville, Fla., and Atlanta, Summit is a leading multifamily general contractor that has built more than 350 multifamily projects nationwide. Summit’s projects represent over 100,000 completed units with extensive experience building all types of apartments including mixed use, luxury, market rate, student living, senior living, assisted living, HUD and tax credit. An experienced management team led by Marc Padgett, President, and Nicole Padgett, CAO, combined with strong subcontractor relationships, and a passion for building has driven Summit’s success in the industry. Summit is informed by industry experience, inspired by a competitive spirit, and focused on a team approach to develop a strong lasting relationship with each of its clients. For more information: www.summit-contracting.com.

Media contact:

Jonathan Scott
jon@jonscottinc.com
(828) 337-9991

Posted by: Nicole@ExpansionSolutionsMagazine.com AT 01:16 pm   |  Permalink   |  Email

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