Elevate West Village Trades Hands For $96.5 Million

Sale of 313-unit community represents 'one of the largest' in Cobb County to date
Elevate West Village Trades Hands For $96.5 Million
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Atlanta-based real estate investment firm Branch Properties this week announced the sale of Elevate West Village, a 313-unit apartment community, at 4520 Pine St., for $96.5 million.

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The sale represents “one of the largest: in Cobb County to date, the company said in a press release.

“Our top priority when pursuing multifamily investment opportunities is to identify rapidly growing, economically prosperous markets where apartment developments will resonate with future residents and surrounding communities,” Jack Haylett, Branch senior vice president, said. “Elevate West Village offers Cobb County, arguably one of the fastest-growing areas of the metro region, with an upscale, one-of-a-kind multifamily community, and we are confident in the long-term value the project will provide to the buyer.”

Elevate is the multifamily component of a larger, master-planned community, West Village, which includes a collection of retailers and restaurants. Branch has been developing the corridor between I-285 and Cumberland Road for the last 15 years and is currently developing the fourth and final phase of the West Village project, a medical office building for Northside Hospital.

Amenities include a pool with an adjacent yoga area, a courtyard featuring an outdoor bar with built-in grills, a fitness center, and a game room. There are also micro offices and a conference room. Apartments range in size from 660 square-foot studios to nearly 1,500 square-foot apartments, with a parking garage comprising 470 spaces.

Construction on Elevate began in April of 2019, with the first residents moving in during July of last year. Historically, Branch has completed more than 11 multifamily developments and 34 retail developments and currently has several multifamily and retail projects under construction.

Caleb J. Spivak

Caleb J. Spivak is the Founder of What Now Media Group, Inc. Check out our publications in your city: Atlanta, Chicago, Dallas, Denver, Houston, Las Vegas, Los Angeles, Miami, New York, Orlando, Philadelphia, Phoenix, San Diego, and San Francisco.
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