The developer, Terwilliger Pappas, sold the property to Atlanta-based White Oak Partners. 

The luxury apartment building’s first units are expected to be delivered in June 2024. 

The homebuilder recently acquired 146 acres in Jackson County, where it plans to develop the Liberty Crossing community. 

The local investor has completed more than $225 million worth of Atlanta apartment transactions since June 2021. 

The new downtown development will bring 226 apartments to a 6.6-acre site. 

The Howell, as the community will be known, is located at 1950 Howell Mill Road. 

The Atlanta-based developer plans to break ground this month on 50 recently acquired acres. 

ECI Group has been busy recycling assets in the Atlanta area recently, with the groundbreaking of new communities and sales of existing ones. 

The first of the six-phase strategy covers about 40 acres for 78 new lots in the Edenwood master-planned community. 

Sawnee Village will have more than 474 homes and be valued at more than $400 million when fully built out. 

The work comes as Roswell officials have cracked down on the construction of new standalone multifamily buildings in an effort to slow population growth and encourage mixed-use development. 

Middleburg Communities conducted an extensive $6 million renovation of the property after purchasing it as part of a workforce-housing portfolio in May 2019. 

The condominiums and townhouses are in three new developments by Empire Communities. 

The “commuter-friendly” homes were sold to undisclosed institutional buyers, according to the firm that brokered the deal. 

The residential community is part of a larger development rising at the intersection of GA 400 and Settingdown Circle. 

Together, the garden-apartment communities encompass 444 units.