Kennedy Wilson, Shimuzu Ink $90M Loan for Sandy Springs Rental Venture
Kennedy Wilson broke ground on Caldwell, a new multifamily community in Sandy Springs, GA. Kennedy Wilson is linking up with the Shimizu Corporation on the project. The community was financed through a $90 million construction loan from Santander Bank. The project is slated to cost $139 million.
Caldwell is anticipated to open in mid-2028.
Caldwell will feature 382 apartment homes averaging 937 square feet. The community will offer over 17,500 square feet of amenity space, including a 2,000-square-foot fitness center, a wellness suite with infrared sauna and cold plunge, a pool, three courtyards with hammocks and grilling stations, an outdoor beer and wine garden, and a tranquil terrace overlooking the woods.
Caldwell is being developed on a 6.9-acre site at 35 Glenlake Parkway NE in Sandy Springs. The community is locatedclose to GA-400 and I-285, offering easy access to the employment and commercial centers of Pill Hill, Buckhead, and Alpharetta. Residents will also enjoy proximity to diverse dining options, top schools, MARTA, and recreation at Morgan Falls Overlook Park.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout