Village At Northlake2019-01-25T15:57:16+00:00

Project Description

Village at Northlake | Atlanta, GA

Construction Type: 4-story wrap
Units: 399 | Avg. Unit Size: 953 | Unit Mix: 1 BR (42%) 2 BR (54%) 3 BR (5%)
Rentable Sq Ft: 380,142
Acreage: 8.70 | Density: 45.86 units/acre
Construction Start: June 2008
Status: Sold – October 2013
Total Project Cost: $59,075,000 |  Per Unit: $148,058
Sale Price: $51,850,000 | Per Unit: $129,949
Lender: Wells Fargo | Equity: Fidelity| Buyer: CWS
Profit Margin: -9.9%
JV IRR: -9.9%
Affiliation: JLB Partners