National investment, development and asset management company PMGAnd a Toronto-based private equity and asset management company Gray Brook Real Estate PartnerMonday’s groundbreaking announcement Social Atlanta811 Peachtree St, 31-story apartment building development.
Designed by National Architects Cooper carryThe multipurpose facility is the first of PMG’s Society Living “multi-family platform” to enter the Atlanta market. 460 houses, 81,000 square feet Of the office space 16,500 square feet Of retail space. Juneau Construction Company General contractor of the property that is expected to open Late 2024..
“We are excited to reach this milestone and start construction from scratch. Great partners Graybrook, Juneau Construction Company, Cooper Carry have been working hard to make this project a reality. I couldn’t reach this point without it. ” Ryan Sheer, Said PMG’s managing partner. “Midtown Atlanta has grown tremendously and we are confident that Society Atlanta will be a welcome concept for the region with a focus on fostering a community of neighbors and visitors.”
Sosaetia Atlanta is an “efficiently designed traditional” with a “bedroom rental” (communal living) option with facilities such as a rooftop pool and restaurant, a co-working lab with private meeting rooms, and a gym and fitness studio. Layout “is provided.
The property continues to expand its nationwide Society Living portfolio at PMG and Graybrook, announced Monday. Encouraging residents to “choose happiness,” Society Living focuses on “creating a vibrant living space that promotes personal growth in a culture of inclusiveness and unity.”
“Sosaetia Atlanta is woven directly into the urban fabrics of Peachtree Street.” Jenny Williams, Said Associate Principal of Cooper Carry’s Multipurpose Housing Studio. “It rejuvenates the city’s best roads with its striking design and features like outdoor dining. As part of the team, I’m excited to do that.”
Development of the existing Society Living includes Society Las Olas in downtown Fort Lauderdale, Florida, which opened in May 2020. Society Biscayne, located in downtown Miami, is scheduled to open in the summer of 2022. Society Winwood in progress at the Winwood Arts District in Miami. Society Orlando under construction in downtown Orlando. Over 8,500 units are planned nationwide, including additional developments in Atlanta, Brooklyn, Denver and Nashville.
“Society Atlanta is part of the broader development of the Society Living community, which has been very successful in the past.” Sami MuakettoSaid Graybrook, Director of US Investment Development. “Given the strong fundamentals of the region, with a particular focus on the major metros in the southeast, the Society Atlanta allows us to enter the markets we have long been interested in, Atlanta, The Midtown submarket, in particular, has shown extraordinary resilience in recent years. “