JACKSONVILLE, FL – The Praedium Group, a New York City-based national real estate investment firm, today announced the acquisition of The Views at Harbortown in Jacksonville, FL for $57.25 million. Chris Hughes, Principal of The Praedium Group, made the announcement of the investment firm’s most recent acquisition.

Views at Harbortown, built in 2015, consists of 300 one, two, and three bedroom units ranging in size from 713 square feet to 1,570 square feet. Unit interiors feature granite countertops, custom cabinets, kitchen islands, stainless-steel appliances, undermount sinks, tiled flooring in bathrooms, garden-style tubs, walk-in closets, track lighting, washer/dryer in units, plank flooring, nine-foot ceilings, and crown molding.

Community amenities include a clubhouse with lounge areas and billiards room, a sundeck with Wi-Fi, two resort-style swimming pools with cabanas, a cyber lounge and business center, fitness center, WellBeats virtual training system, bike rack, picnic areas with grills, and controlled-access gated entry and exit. The Property also owns three boat slips, two of which can fit up to a 40-foot boat and a smaller one which can fit up to a 19-foot boat.

Per the Bureau of Labor Statistics’ March 2017 report, Jacksonville achieved a 3.7% year-over-year change in total nonfarm jobs, doubling the national average. AXIOMetrics expects this job growth to continue, projecting an increase of another 13.3% over the next five years. Forbes projects 2017 wage growth of 7.8% in Jacksonville, #3 across the country’s 50 largest MSAs.

“The Views at Harbortown is a high-quality asset that offers residents access to the privately owned Harbortown Marina and the Intracoastal Waterway, an amenity unique relative to the competitive set of properties,” said Hughes.

“REIS expects Jacksonville’s population to grow by 9.6% over the next five years, compared to the national average of 5.1%. This growth is driven by Jacksonville’s influx of jobs, affordability, and attractive quality of life,” added Lindsay Schuckman, Associate of the Praedium Group.

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ATLANTA, GA – Olmsted Chamblee Apartments, with design inspired by boutique hotels, is already 50% leased – and for excellent reason. The community’s incredible amenities include co-working spaces, artist’s studio, and a landmark sign to name a few. Across the street from Chamblee MARTA rail station, it is two blocks from the soon-to-open Whole Foods in Peachtree Station, which also has several restaurants. It’s also at the starting point of the completed part of the Chamblee Rail Trail.

“We have one of the best locations and largest amenity offerings of any new community inside the Perimeter,” says Brett Oliver, Director of Development for CF Real Estate Services. “The unique and eclectic community spaces are truly special and already in full use.”

“Seeing the amenities for the first time blew me away,” says Olmsted resident Darrell Duliman. “The furniture, attention to detail and design of the entire floor is truly impressive.”

Its marquee “CHAMBLEE” rooftop sign is at the busy intersection of Peachtree Boulevard and Chamblee Tucker Road. The 37-foot-wide sign has five-foot-tall letters visible from a mile away.

“The sign brings attention to the city itself, as well as the incredible neighborhood taking shape,” says Oliver, who’s responsible for the development and design of the Olmsted brand, including Olmsted Nashville, opening soon in Nashville, Tennessee. “The apartments were the catalyst for a lot of the new development that’s making Chamblee one of the most dynamic parts of Metro Atlanta. It’s fun to watch it grow with breweries, shops, loft offices, and restaurants.”

Olmsted Chamblee has eclectic interior design and down-to-earth customer service. There’s a neighborhood pool, hammocks, and outdoor grills and smokers. Living room lounges have comfy seating and loads of hardcover books; there’s raked seating for art and photography classes, an indoor bocce ball court, movie room, community kitchen, mail room lounge with vintage-look tile floors, and 24-hour fitness center with the latest gear. The Workshop has tables and sinks for art or DIY projects.

The co-working spaces are also unique. Residents and outside entrepreneurs can rent private offices with a selection of WiFi providers.

The 283 one, two, and three-bedroom apartments have granite countertops, energy-efficient appliances and windows, Nest thermostats, and huge closets. Some have kitchen islands. Two-bedrooms have roommate floorplans as well as premium outside corner units with flexible layouts. There are also for-rent townhouses with 3-bedrooms and 3.5-bath that are a rare find in the market.

Buckhead, Midtown and Downtown are a few stops away via MARTA rail. I-85 and Ga. 400 are close; so is I-285, which means a small drive to SunTrust Park. Oglethorpe University is two miles away. Historic Downtown Chamblee, Buford Highway and Town Brookhaven are also nearby.

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KANSAS CITY, MO – As it nears its 2018 completion, Two Light Luxury Apartments in the Kansas City Power & Light District celebrated the pouring of the building’s last column with a ceremonial Topping Out event held at the project site. Executives from The Cordish Companies and the Power & Light District were joined by distinguished guests from the City, community and business leaders, executives and team members from JE Dunn Construction Company and lead project architect Hord Coplan Macht, to celebrate this exciting milestone, continuing a boom in residential growth downtown that shows no signs of slowing.

Two Light will be the second of four high-rise apartment buildings built by The Cordish Companies within the perimeter of the Power & Light District, with the 25-tale One Light Luxury Apartments having opened in November 2015.   

Scheduled to open in 2018, the 296-unit Two Light will join One Light as the second new construction high-rise apartment building in the last 50 years in downtown Kansas City, MO

“The topping out of Two Light is an exciting milestone and a fantastic opportunity for us to share our appreciation of the hard and skillful work the JE Dunn team has done so far,” said Nick Benjamin, Executive Director of the Kansas City Power & Light District and Director of Multifamily Development for The Cordish Companies. “Just like its sister property, One Light, Two Light will add a unique, amenity-rich residential experience to Kansas City’s downtown, which is now growing at pace with the country’s most dynamic cities. We are extremely proud of what we delivered with One Light and with today’s milestone, we are one step closer to Two Light achieving the same success.  We can’t wait to reveal Two Light to Kansas City next year.”

Scheduled to open in 2018, the $120 million, 296-unit Two Light will join One Light as the second new construction high-rise apartment building in the last 50 years in downtown Kansas City.

The 24-tale tower features a seven-tale parking garage with 499 spaces, plus 18 floors of studio apartments, 1-bedroom, 2-bedroom and penthouse apartment homes. Additionally, the first floor will include 15,000 square feet of office space and 3,100 square feet of retail space.

Two Light will feature more than 16,000 square feet of amenity space that rivals that of any luxury apartment or condo building anywhere in the United States.

The Cordish Companies’ origins date back to 1910 and encompass four generations of privately-held, family ownership. During the past ten decades, The Cordish Companies has grown into a global leader in Commercial Real Estate; Coworking Spaces; Entertainment Districts; Gaming; Hotels; International Development; Private Equity; Residential; Restaurants; and Sports-Anchored Developments.

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