The property acquisitions were previously announced by the seller, Charleston, S.C.-based Blaze Capital Partners, which sold Stadium Walk in Cumberland and Overlook at Huntcrest in Suwanee to an undisclosed buyer for $244 million.
GID is partnering with Hanover Company to develop Hanover Edgewood on the site of the former Edwards Fine Foods pie factory on Atlanta’s Eastside. It was previously reported that national homebuilder Toll Brothers was involved in the mixed-use project, which will include 9,750 square feet of retail space. A GID spokesperson did not respond to a request for an update on Toll’s involvement by press time.
Last December, Selig Development announced work had begun on the 306-unit apartment component of The Works adaptive reuse project on Atlanta’s Upper Westside and named GID as an equity partner. GID is also reportedly involved in the $2 billion High Street mixed-use project in Dunwoody.