Westside Capital Group, a real estate investment holding firm based in Miami, this week announced the acquisition of The Lofts at Twenty25, a 16-story residential tower, at 2025 Peachtree Road. Westside acquired the property for $136 million, or approximately $218,000 per unit.
Originally built in 1951 and completely redeveloped in 2021 as a new building, the property caters to renters seeking an upscale, experiential living experience in Atlanta’s premier neighborhoods of Buckhead and Midtown.
“We believe in the Atlanta market, and in particular Buckhead and Midtown as urban walkable centers that have become top gateway submarkets with great employment options, various urban amenities and walkability,” Jakub Hejl, founder and president of Westside, said in a press release. “With its prime location among affluent residential neighborhoods, immediate walkability to almost 4 million square feet of medical employment and close proximity to Buckhead Village and Midtown amenities, The Lofts at Twenty25 is a unique multifamily asset that will offer a luxury lifestyle at relatively affordable rents compared to other alternatives in the marketplace.”
Westside owns approximately $1.2 billion of multifamily and mixed-use assets and land in Southeastern United States in Florida, Georgia and Alabama. Westside also has a development pipeline of approximately $3 billion of multifamily and mixed-use assets on developable land it owns mostly in Florida. The company is actively pursuing investments in existing assets, real estate companies as well as land throughout the Southeastern U.S.
The Lofts at Twenty25 were originally built in 1951 and completely redeveloped in 2021 as a new building. The 16-story building features one-bedroom apartments ranging from 430 square feet to 600 square feet. Unit interiors feature 8- to 10-foot ceilings, wood-style plank flooring, quartz countertops and stainless-steel appliances, track and pendant lighting, and walk-in closets, barn-style doors and stunning skyline views of Midtown and Buckhead.
The property amenities include a 5,000 square-foot fitness center, swimming pool, movie theatre, convenience store and coffee shop, dog park and dog wash, swimming pool, billiards and game room, office and conference rooms, bike storage, putting green, laundry facility and dry-cleaning service, EV charging stations, and 405 parking spaces.
Westside did not disclose any plans for the property.