Construction has begun on a new 212-unit community in Suwanee. The property, to be known as McGinnis Ferry, is expected to open for leasing in summer 2025.
McGinnis Ferry will include one-, two- and three-bedroom floor plans ranging from 700 to 1,200 square feet. The building will include five and six stories, situated on six acres near Suwanee Town Center.
Amenities will include a rooftop terrace and clubhouse with a catering kitchen, a saltwater resort-style pool with cabanas and a hammock garden, a café with gourmet coffee bar, an outdoor kitchen and entertainment area, landscaped courtyards with a fire pit, grilling stations and a bocce court, a 24-hour fitness center, EV charging stations and a dog spa.
McGinnis Ferry is a joint venture between Atlanta-based Imperium Development, Stockbridge Capital Group and Leaven Capital Group.
“Given our deep ties to the Atlanta MSA, we fully understand the appeal of Suwanee and the need for the type of product we are developing,” Imperium Development co-founder Greg Power said in a news release. “The strategic location of this project along McGinnis Ferry Road offers a distinct value proposition, enabling professionals of all ages to live in an upscale setting less than two minutes from Interstate-85 and within walking distance to downtown Suwanee’s shopping, dining and entertainment.”
McGinnis Ferry is Imperium’s fourth development project in the Atlanta area. The company has broken ground on Walker’s Ridge Apartments in Cartersville, South Davis Apartments in LaGrange and Ava Oakwood in Oakwood.
“Atlanta continues to benefit from strong population and corporate inflows, and we are pleased with the pace at which we have been able to move these projects forward,” Imperium Development co-founder Mike Handza said. “We look forward to expanding our footprint here as well as in other southeastern markets that exhibit similar growth profiles.”
Atlanta-based firms Dynamik Design and New South Construction are working on the design and development of McGinnis Ferry. Financing for the project was provided by SeaCoast Bank and Trustmark.
BWE, a commercial and multifamily mortgage banking company, announced this week that it secured a $31 million loan for the building of the project.
Thomas Wiedeman, senior vice president in BWE’s Atlanta office, originated the construction loan on behalf of Imperium Development, according to a news release. He was supported by a team that includes Alan Tapie, executive vice president, Brad Walker, senior vice president, and Hanley Long, production analyst.
