14 Dec BCDC and Imperium Development Forge Strategic Partnership with Multi-Family Project in Oakwood, Ga.
BCDC, an opportunistic real estate development investment firm, is launching a joint-venture development partnership with Imperium Development, an Atlanta-based multifamily real estate development company. Ground has been broken on its first project, a class-A apartment community in Oakwood, Georgia.
“Imperium brings more than 50 years of combined experience in multifamily development, finance, construction and management to the table,” said Litt Glover, CEO of BCDC. “They are among the best in the business, and we are thrilled to kick off this partnership with this new development project in Oakwood, Ga.”
Situated at 2800 Frontage Road, the 7.65-acre development site will be home to a 229-unit apartment community spanning 189,875 square feet. What sets the project apart is its alignment with Gainesville’s “Highlands to Islands Trail,” a 35-mile path offering residents unparalleled access to numerous landmarks throughout Hall County.
It will boast a market-leading amenity package featuring a two-story clubhouse, a resort-quality swimming pool, a coworking area and a state-of-the-art fitness center, among other common area amenities.
The project’s strategic location ensures easy accessibility to major employment centers in Metro Atlanta, nearby universities and the recreational haven of Lake Lanier and Northeast Georgia. The Northeast Georgia Medical Center, located less than 15 minutes from the site, employs over 8,650 individuals, while the University of North Georgia’s Gainesville campus, just 0.20 miles away, accommodates more than 8,500 students.
Hall County is experiencing tremendous population growth and is currently ranked as the No. 1 job-producing metropolitan area in Georgia.
SeaCoast Bank is the lender, and Stockbridge Capital Group is the preferred equity partner. Ecker Construction is the general contractor and McMillan Pazdan Smith Architecture is the architect.
The partnership expects delivery in the third quarter of 2025.
About Imperium Development
Headquartered in Atlanta, Imperium is led by Greg Power and Mike Handza, two accomplished real estate development professionals who have worked together for over a decade at one of the Southeast’s leading multifamily investment firms. Over the course of their respective careers, which collectively span 30 years, Power and Handza have managed the development and construction of more than 11,000 apartment units and $1.6 billion in projects in the Southeast and Mid-Atlantic. Imperium’s approach to multifamily development and value creation grounded in institutional best practices, rigorous due diligence, hands-on project management and deep local market knowledge. Benefiting from longstanding relationships with industry and capital partners, Imperium is working to responsibly scale its development pipeline to capitalize on opportunities in its target markets.
Founded in 1963, BCDC is a wholly-owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, BCDC offers a wide variety of real estate services, from development and construction to equity and credit enhancements to brokerage and property management. Visit www.batsoncookdev.com for more information.