Novare Group Holdings LLC
10/28/2024 | Press release | Distributed by Public on 10/28/2024 09:38
Novare Group, BCDC & PointOne Deliver Springside, a Town Center Mixed-Use Development in Downtown Powder Springs
Novare Group JV Delivers Atlanta Community
By Maria Maruta
October 23, 2024
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RAM Partners manages the property.
Exterior shot of SpringSide, a 226-unit community in Powder Springs, Ga.
SpringSide has carriage homes, as well as apartment buildings. Image courtesy of Novare Group
Novare Group, together with BCDC and PointOne, has completed SpringSide, a Class A, 226-unit community in Powder Springs, Ga. The property came online with the help of a $33.9 million construction loan originated by Synovus Bank, according to Yardi Matrix.
RAM Partners is the manager of the property, while Humphreys & Partners served as architect and Stratus Construction as general contractor.
The 6.6-acre SpringSide consists of eight buildings divided into two-story carriage houses and three- and four-story apartment structures. The units have studio, one- and two-bedroom layouts ranging from 438 to 1,269 square feet. Shared amenities include a fitness center, pool, pet park, coworking lounge, outdoor grilling station and a dog spa. The community has 271 grade-level parking spaces and private garages designated for each individual house.
The property is at 4490 Marietta St., in Powder Springs' historic center. There are some restaurants and retail options within 1 mile, with plans for more to come online along Marietta Street, according to the ownership. Downtown Atlanta is some 20 miles southeast of the community.
Earlier this month, Novare Group and BCDC delivered another property in metro Atlanta. Conclave Sugar Hill is a 306-unit luxury community in Sugar Hill, Ga., also managed by RAM Partners.
BCDC, Novare Group, RAM Partners