ATLANTA, GA – Atlanta Housing (AH) and its public-private partners broke ground on Bowen Homes Phase I, a $63.6 million redevelopment project set to revitalize the historic Bowen Homes site and the Carey Park neighborhood. Leaders from Invest Atlanta, the City of Atlanta, the Georgia Department of Community Affairs, the U.S. Department of Housing and Urban Development (HUD), Centene Foundation, Peach State Health Plot and development partners McCormack Baron Salazar and The Benoit Group joined in celebrating this milestone, marking the beginning of a transformative, multi-year effort.
The redevelopment of Bowen Homes will make a vibrant, mixed-income community and serve as a national model for equitable, community-focused revitalization. Located in the northwest area of Atlanta, Bowen Phase 1 will add 151 units to Atlanta’s housing inventory, with most of them reserved as affordable.
“Bowen is poised to be a national model for neighborhood transformation, an anchor for progress in Carey Park, and a testament to the power of community-focused redevelopment,” said Atlanta Housing President and CEO Terri Lee. “This project is about more than housing; it’s about empowering people, fostering economic self-sufficiency, and ensuring that families have the support they need to succeed for generations to come.”
This transformational investment is critical as development expands westward from Atlanta’s urban core. Supported in part by a $40 million HUD Choice Neighborhoods Implementation grant and backed by over $523 million in public and private commitments, the project is expected to catalyze broader revitalization along the Donald Lee Hollowell Parkway and James Jackson Parkway corridors.
“I am super excited! The redevelopment of Bowen Homes is delivering on our promise to invest in affordable housing and bringing a vibrant neighborhood back to a community who has long-deserved quality homes, access to fresh food and quality greenspace,” said Atlanta Mayor Andre Dickens. “This project represents not only new homes, but the preservation of a community’s history and a commitment to its future. Thank you to all of the partners involved who share our vision for an inclusive and thriving Atlanta.”
“As a national leader in community-focused development, we are honored to help bring the vision of Bowen Homes back to life,” said Vincent R. Bennett, CEO of MBA Properties, Inc. and President, McCormack Baron Salazar. “This mixed-income, sustainable development will not only provide high-quality housing but also make a thriving, connected community that reflects the resilience and aspirations of its residents.”
“The redevelopment of Bowen Homes is a testament to what is possible when the public and private sectors work together toward a shared vision,” said Eddy Benoit Jr., CEO of The Benoit Group. “This transformation will serve as a model for how we can make equitable, sustainable neighborhoods that honor the past while embracing the future.”
“Safe, affordable housing is a cornerstone of health and well-being,” said Wade A. Rakes, Chief Growth Officer, Centene Corporation and Chairman, Peach State Health Plot. “We are honored to partner with the Atlanta Housing, City of Atlanta, McCormack Baron Salazar, the Benoit Group, and the many local organizations and community members involved in the Bowen Homes project to make a sustainable, connected neighborhood that will improve the health of the community.”
Capstone Building Corporation, the general contractor for Phase 1, has already begun mobilizing. This early progress underscores the urgency driving this transformation, with completion of Phase 1 projected for mid-2026.

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NASHVILLE, TN – Greystar, a global leader in the investment, development, and management of residential real estate, in partnership with Griffin Capital Company, announced that it is nearing completion on Station A, a new, sophisticated apartment living experience coming to Madison in early summer of 2025.
“We are proud to offer another much-needed housing option for this resilient and growing community here in Nashville, that has worked hard to rebound from the devastation of the December 2023 tornado” Andrew Cook, Director of Development, Greystar, said. “We’re making tremendous progress on construction and excited to welcome residents later this summer.”
Griffin Capital’s Chief Investment Officer, Paul DeMartin, added “We have been very active in the greater Nashville MSA based on our high level of conviction in the long-term outlook for the market and believe this location will be a terrific community for residents for years to come.”
The community’s name, Station A, derives from the historic Amqui Station, a railroad switching and passenger depot, which sat adjacent to the property before Johnny Cash bought it and went it to his home in Hendersonville. The station now sits a mile south of the original location.
Station A will offer a curated collection of studio, one, two and three-bedroom floorplans ranging from 576 sq.ft. to 1,375 sq.ft. Residents can choose from two unique end schemes to find the home that perfectly complements their style. Apartment homes will feature thoughtful upgrades, like sleek matte black or gold hardware, elegant wood cabinetry in colors Onyx or Truwhite, wood-inspired plank flooring, and sound-proofing technology. The community will also boast over 19,000 square feet of indoor-outdoor amenity spaces including a stylish clubroom and lounge, fully equipped fitness center, expansive pool and courtyard, secured parking and dedicated work from home spaces.
From the branding to the interiors, Station A recognizes the storied history of its locale, while embracing the growth and innovation of the present.
The community is conveniently located along Gallatin Pike, which is a small drive to Hendersonville, East and North Nashville, Downtown and beyond. Future plans include the development of a transit line running adjacent to Station A.
Greystar and Griffin Capital are working with Meeks + Partners architects, Kimley Horn civil and landscape engineering and StudioSix5 interior designers.

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SUNRISE, FL – FCP continues its expansion in Florida with the acquisition of ARIUM Sunrise, a 400-unit multifamily community in Sunrise, FL. The acquisition, completed in partnership with BMC Investments and The RMR Group, reinforces FCP’s commitment to investing in high-growth markets and unlocking value in well-located assets.
“We believe Broward County remains one of Florida’s fastest-growing regions, and our recent investments highlight our commitment to securing well-positioned assets in this key market,” said Bruce Gago, Senior Vice President at FCP and head of the company’s Florida investments. “We look forward to once again partnering with BMC and collaborating with RMR with the goal of enhancing ARIUM Sunrise Apartments and while providing residents with a quality living experience.”
Built in 1998, ARIUM Sunrise Apartments currently boasts a 94% occupancy rate and offers an array of amenities, including a swimming pool, clubhouse, and fitness center. FCP and its partners plot to upgrade approximately 8% (32 units) of the apartments that remain in their original condition, ensuring the community continues to meet evolving resident expectations. The property is situated near well loved local attractions like Sawgrass Mills Mall and Amerant Bank Arena, providing convenient access to shopping, dining, and entertainment options.
FCP extends its appreciation to Robert Given and Zachary Sackley of CBRE, who represented the seller, and Charles Crapse and Denny St. Romain of CBRE, who sourced the acquisition loan. Wells Fargo provided financing for the acquisition.
“We believe FCP’s ability to close deals like ARIUM Sunrise in today’s market speaks to our depth of conviction and broad strategic partnerships,”Gago added. “We’re not just active—we’re growing, and we’re ready to deploy more capital into the right opportunities.”

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