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Novare Group, an Atlanta-based real estate development and investment company, and BCDC, a real estate firm specializing in development, pursuit capital and brokerage services, have broken ground on a 306-unit luxury apartment community on more than 23 acres in Sugar Hill, Ga.
The project is located off Highway 20 along Stanley Street directly across from Sugar Hill’s recently built downtown which features The Bowl, an amphitheater and The Eagle Theater, a performing arts venue designed in the art deco style; boutique retail and curated dining experiences.
“With the high value the city places on the quality of life, Sugar Hill has become one of the premier places to live in Gwinnett County,” said Jim Borders, President and CEO of Novare Group in a statement. “We’re excited to partner with BCDC on this community, bringing sought-after apartments to activate the town center area.”
“From the market-leading amenities to the quality of life and walkability, this project is going to set the bar for what residents can expect from luxury apartment living in Sugar Hill,” said Litt Glover, President and CEO, BCDC. “We are always thrilled to join Jim Borders and his team at Novare Group as they continue to elevate suburban lifestyles.”
With a mix of two-story townhouses and traditional apartment units, the gated community will offer controlled-access buildings, a co-working lounge, private garages and a resort-style pool with a sun shelf and tanning ledge. Additionally, it will feature a state-of-the-art fitness center with a yoga room, a clubroom, a game room and a library. The outdoor greenspace includes fire pits and grilling stations as well as a dog park and spa.
The Sugar Hill Greenway, an 11.5-mile greenway around the city with approximately 16.5 miles of trail, is integrated into the site and will connect the property to the rest of the downtown amenities by way of a future pedestrian bridge crossing over Highway 20 from Stanley Street.
Novare Group is leading the project with co-sponsor BCDC. Cadence Bank and South State Bank are lenders. Dynamik Design is the architect, Kimley Horn is the civil engineer and Doster Construction is the general contractor.
The partnership expects delivery of first units in the fourth quarter of 2023.