19 Aug Vista Realty Partners & BCDC Start Sweetwater Vista, 300-Unit Multifamily Project
Vista Realty Partners and Batson-Cook Development Company (BCDC) have started Sweetwater Vista, a 300-unit garden apartment community in the metro Atlanta city of Douglasville.
Located on Riverside Parkway adjacent to Sweetwater State Park, the 51.28-acre property will feature nine three-story residential buildings that will provide housing for renters drawn to the employment opportunities in metro Atlanta and Cobb County. With market-leading amenities, Sweetwater Vista will have a luxury clubhouse and lounge, a fitness and yoga center, resort-style pool and ample open space and nature trails throughout. The property will offer a range of unit sizes with premium interior finishes.
“Vista Realty Partners and BCDC are meeting a great need in Douglasville by breaking ground on the first new workforce housing in almost a decade,” said Litt Glover, President and CEO, BCDC. “This is a community that has long been overlooked, and there is pent up demand as a result. We are thrilled to be underway and pleased to join with Vista Realty Partners on this exciting project.”
“We are very excited to be partnering with an organization in BCDC that shares our vision for delivering a multi-family product that meets the needs of the growing middle-class population. The Douglasville submarket continues to see a high level of job and population growth without any new supply of multi-family rental housing options,” said Michael Neyhart, Chief Investment Officer of Vista Realty Partners.
Synovus Bank is providing financing. The project team includes general contractor Flournoy Construction and architect Niles Bolton Associates. The joint-venture partnership expects Sweetwater Vista to welcome residents in the fourth quarter of 2021.