Developers broke ground on the first phase of a town-center project in Powder Springs that will bring 226 new apartments to a 6.6-acre site downtown.
The multifamily community is a project between Novare Group, BCDC and PointeOne Holdings and is being built alongside a contiguous commercial-development pad from the Powder Springs Downtown Development Authority.
The apartments will be housed in an eight-building mix of two-story carriage houses and three- and four-story apartment buildings. The units will comprise 16 studios, 119 one bedrooms, six one-bedroom carriage houses and 85 two bedrooms, all ranging from 438 to 1,269 square feet.
“We look forward to creating a new live-work residential community strategically placed in this high-quality and walkable Atlanta suburb,” PointOne Holdings managing partner David Lewin said in a press release. “We are thrilled to, once again, partner with the outstanding professionals at Novare Group and BCDC.”
The town-center development is adjacent to the city’s future direct-trail connection to the 61.5-mile Silver Comet pedestrian trail, which runs from Smyrna to the Alabama state line. The development will also be near Powder Springs’ new Thurman Springs Park and the restaurants and shops along Marietta Street.
Community amenities will include a coworking lounge, resort-style pool with sun shelf and tanning ledge, fitness center with yoga room and private garages. Delivery is set for fourth quarter 2023.
PointeOne Holdings recently completed a $150 million residential-development capital raise. Synovus Bank is the senior lender, Humphreys & Partners Architects is the architect, and Stratus Construction is serving as general contractor.