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ATLANTA – JUNE 27, 2022 – SHR Residential (“SHR Resi”) has broken ground on The Howell, a Class A apartment community in Atlanta’s Upper West Side neighborhood on the site of a former food truck park on Howell Mill Road and the I-75 Interstate.
The Howell will have 210 premium apartments, with a mix of 3-bedroom, 2-bedroom and 1-bedroom units. There will also be coworking space, as well as spaces for retail or food and beverage.
SHR Resi, a wholly-owned subsidiary of Songy Highroads, expects to complete the ground-up development at 1850 Howell Mill Road NW in early 2024.
The Howell was designed by Atlanta’s Cooper Carry architects. SHR Resi’s capital partner for the project is Chicago-based private equity firm Walton Street Capital, while construction financing is provided by Atlanta’s Ameris Bank. Reeves Young is the General Contractor, while Rivers Residential will serve as SHR’s project manager.
The Howell is SHR Resi’s first ground-up multifamily project, and it meets the need for more Class A premium multifamily housing in the vibrant Upper West Side area of Atlanta, which is located near the Buckhead, Collier Hills, Springlake and Wildwood neighborhoods.
“We’re excited to have mobilized and started sitework on The Howell, and will begin foundation work soon on one of the finest and most conveniently located Class A rental communities in the Upper West Side neighborhood,” said Todd W. Nocerini, President and Chief Operating Officer at SHR.
ABOUT SONGY HIGHROADS (SHR)
Songy Highroads (SHR) is a privately held real estate development and investment firm that was formed by longtime business partners David B. Songy, Todd W. Nocerini and Perry M. Waughtal. With more than a century of collective experience, the trio specialize in acquiring and developing institutional quality hospitality properties and other commercial real estate as well as multifamily communities through a wholly-owned subsidiary, SHR Residential. Headquartered in Atlanta, SHR has developed properties across the Southeastern United States, Louisiana, Texas and Washington, D.C. SHR has the confidence of private investors, family offices and institutional investors including The Carlyle Group, Hyatt Hotels, Elliott Capital Management, Profimex, Goldman Sachs and Real Estate Capital Partners with lending from partners including Bank of America, Deutsche Bank, MetLife, Amegy Bank, Citizens Bank, HSBC, Ramsfield and BBVA Compass Bank. Learn more at songyhighroads.com
ABOUT SHR RESI
SHR Resi was formed in 2022 by Songy Highroads (SHR) principals to acquire value-add multifamily properties in the metropolitan Atlanta area as well as selective ground-up development of new multifamily mixed-use communities. SHR began expanding into multifamily investments in 2017 to diversify and complement its holdings in commercial real estate and institutional quality hotels and hospitality properties. Marvin Banks, Jr. is Chairman while R. Foster Durkee serves as President, with Taylor Callaway covering acquisitions.
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