<body><div><h2>The community will come online in 2028. </h2><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4EI4FI_1GyzUrmS00" alt="https://img.particlenews.com/image.php?url=4EI4FI_1GyzUrmS00" width="1023" height="575" ><figcaption>A rendering of the pool area at&nbsp; Caldwell, a 382-unit luxury apartment in Sandy Springs, Ga., near Atlanta, being built by Kennedy Wilson as part of its multifamily development expansion. Image courtesy of Kennedy Wilson</figcaption></figure><p>Kennedy Wilson has broken ground on Caldwell, a $139 million, 382-unit luxury apartment community in the Atlanta suburb of Sandy Springs, Ga. The development is being financed with a $90 million construction loan from Santander Bank.</p><p>Caldwell is the first Georgia project for the Beverly Hills, Calif.,-based firm as it expands its multifamily development platform. It’s also the company’s first joint venture with Japan-based Shimizu Corp. Caldwell is expected to come online in mid-2028.</p><p>New South Construction is acting as the general contractor of the development, with Dynamik Design serving as architect and PEC+ as civil engineer.</p><h2>Closer look at Caldwell</h2><p>The developers began demolishing the building this summer in preparation for construction of the five-story multifamily property. When it comes online, Caldwell will have 382 units averaging 937 square feet. Apartments will include quartz countertops, stainless steel appliances, oversized closets and smart home technology.</p><p><b>SIGN UP:</b> 2027 Outlook: Risks, Opportunities and What’s Next</p><p>The community will have more than 17,000 square feet of amenity space, including a 2,000-square-foot fitness center, a wellness suite, a swimming pool and three courtyards with hammocks and grilling stations. The property will have other features such as an outdoor beer and wine garden and terrace.</p><p>Caldwell will be situated near GA-400 and Interstate 285, with access to the employment and commercial centers at Pill Hill, Buckhead and Alpharetta, Ga. Downtown Atlanta is 15 miles south of the property.</p><h2>Expanding national multifamily platform</h2><p>Kennedy Wilson, which has $37 billion of assets under management in the U.S., UK and Ireland, has been expanding its multifamily platform this year with new development partnerships and acquisitions across the U.S. In July, a joint venture between Kennedy Wilson, Kenedix, Inc. and Hulic Co., Ltd. acquired Carraway, a 421-unit community in West Harrison, N.Y. for $237 million from Toll Brothers. </p><p>Nearly a year earlier, Kennedy Wilson had acquired Toll Brothers’ Apartment Living platform in a $347 million deal. After that deal closed, the firm obtained Toll Brothers’ general partner interests in 18 assets worth roughly $2.2 billion, alongside a 29-property development pipeline valued at approximately $3.6 billion. It also took on management of 20 multifamily and student housing communities, valued at $3 billion, from Toll Brothers.</p><p>Earlier in the summer, the company formed a joint venture with Jamison to deliver 4,000 affordable units in Los Angeles through a mix of ground-up development and adaptive reuse. Construction on the first project began in August. The joint venture expects to build or repurpose roughly 15 multifamily communities over the next five years.</p></div></body>

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The community will come online in 2028. Kennedy Wilson has broken ground on Caldwell, a $139 million, 382-unit luxury apartment community in the Atlanta suburb of Sandy Springs, Ga. The development is being financed with a $90 million construction loan from Santander Bank. Caldwell is the first Georgia project for...

Kennedy Wilson Makes Atlanta Development Debut

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The community will come online in 2028. Kennedy Wilson has broken ground on Caldwell, a $139 million, 382-unit luxury apartment community in the Atlanta su

Kennedy Wilson Makes Atlanta Development Debut

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