ATLANTA, GA – Wood Partners, a national leader in multi-family real estate development, announced the grand opening of its newest luxury residential community – Alta East – in Atlanta, Georgia.
Located at 777 Memorial Drive, Suite 7000, the new community is in Reynoldstown inside the master development Atlanta Dairies which includes trendy dining and a 2,200-person capacity concert hall within walking distance of the property. The centralized location puts the community at the heart of Atlanta’s best neighborhoods including Downtown Atlanta, Ancient Fourth Ward, Cabbagetown, Inman Park, Small Five Points and Edgewood.
“We are excited to continue to expand our footprint in the highly-competitive Atlanta market,” said Bennett Sands, Managing Director for Wood Partners. “This new community is an extremely desirable location for people who are looking to delight in the opportunities that in-town living offers.”
Alta East is located just off the East Atlanta Beltline Extension, a former railway corridor located around the core of Atlanta that has been transformed into a multi-use trail for people to delight in. The community entrance is off of Pearl Street and Memorial Drive near Interstate 20 and Bill Kennedy Way SE giving residents simple access to the entire Greater Atlanta area.
The Atlanta Dairies development next-door to the community offers tasty restaurant options like Three Taverns Imaginarium, Wonderkid and Cold Brew Bar as well as a live music venue, called The Eastern. Additional recreational activities in the area include the Atlanta Zoo, Georgia Aquarium, Fox Theatre and Mercedes Benz Stadium. Convenient retail options within close proximity include a brand-new Publix, Kroger, Target, Lowe’s Home Improvement and Best Buy.
The new community includes 250 apartment homes featuring a mix of one-, two- and three-bedroom floorplans as well as studios. Alta East also offers 38 workforce housing units targeted towards essential workers in the area including teachers, firefighters, nurses and law enforcement professionals.
Alta East features best-in-class amenities and finishes. The community’s apartment homes feature stainless steel appliances with a gas cooking range, a side-by-side refrigerator with in-door ice and water dispenser, a deep single-basin kitchen sink, quartz countertops in the kitchen and bathroom, modern matte black hardware and accessories, pendant lights and ceiling fans, full-size washer and dryers and private patios and balconies.
Resident amenities include a centerstage lounge and game room, a business center equipped with a contact-free wireless color printer, co-working and drop-in office spaces and a 24/7 fitness center and power gym. Outside, the community features a saltwater swimming pool with a Baja tanning shelf, an outdoor kitchen with gas grills, a leash-free pet park and paw spa as well as an expansive bicycle storage room and repair center.
Additionally, there is a gated parking deck with electric car charging stations, a guest entry callbox with live video and 24/7 access to a ButterflyMX package room.

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BROOKLYN, NY – CIM Group announced the completion of construction of 111 Montgomery, the first newly built, full-service luxury condominium in Brooklyn s Crown Heights neighborhood. 111 Montgomery has officially commenced unit closings and has been welcoming the first residents to the 12-tale, 163-unit building, which offers an array of floor plans ranging from studios to three-bedroom homes. CIM co-developed 111 Montgomery with LIVWRK.
111 Montgomery is located in a culturally rich neighborhood, adjacent to the 52-acre Brooklyn Botanic Garden and Prospect Park, also known for its scenic gardens, as well as the nearby Brooklyn Museum. The building draws inspiration from these natural environments and provides an indoor/outdoor living experience with many units having private balconies or terraces as well as a rooftop featuring a fully landscaped terrace with grills, tables, benches, and open-air lounges with views of the Manhattan skyline.
Oversized windows add a modern context and provide abundant light, with many homes having views of Prospect Park and Brooklyn Botanic Garden. The exterior brick façade complements the surrounding historical neighborhood. The building s offerings also include an attended lobby with a doorman, on-site parking, resident lounge, state-of-the-art fitness center, children s playroom, and ample bike storage.
With 111 Montgomery, CIM Group applied its expertise of owning, operating, and developing projects to enhance the evolving Crown Heights neighborhood as well as provide attractive residential ownership options for New Yorkers, said Jason Schreiber, Principal, Investments of CIM Group.
For over a decade, CIM has been an owner, operator, developer, and lender of real assets in New York City with properties including 432 Park Avenue condominiums, 11 Madison office building, 15 William condominiums, 1440 Broadway office building, 16 Court office building, The Dominick Hotel, and the Front & York residential and retail development in DUMBO.

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DENVER, CO – CMG Capital started construction on Momentum at First Creek, a $50 million multifamily rental project in Denver. The company partnered with Massimino Development on the property located at 56th Avenue & Telluride Road within the high-growth corridor of the Denver International Airport.
The Momentum project is the second CMG Capital and Massimino Development partnership in Colorado. The two companies broke ground on Farm Haus Apartments in Longmont in August 2019.
The development offers an astonishing array of amenities featuring a 7,750 square foot clubhouse with an impressive resort-style lobby and 24-hour state-of-the-art fitness center, a coffee bar, co-working offices, expansive lounge areas, a game room and indoor/outdoor kitchens, along with a dog wash. The property will offer the most robust outdoor amenity program in the market including a resort style pool, oversized spa, two water features, pool cabanas and a pool pavilion featuring two outdoor televisions. Fire pits, al fresco dining areas, a BBQ pavilion outfitted with gas grills and a pizza oven make for awesome meals. Televisions, outdoor game areas, a bocce ball court, dog park, playground and walking path complete the outdoor amenities.
“There is nothing like this property in the sub-market,” said Shawn Chemtov, CEO of CMG Capital. “The amenities are unparalleled and we believe that there is a pent-up demand for this type of development.”
Momentum at First Creek will offer 200 one, two, and three-bedroom luxury apartments encompassing six residential buildings on nearly eight acres. Apartments include designer kitchens featuring stainless steel appliances, quartz countertops and large islands. They offer oversized private balconies, full-size washers and dryers and faux wood plank flooring. Master suites feature spacious walk-in closets, double vanities, oversized tubs, and nine-foot ceilings.
Units range in size from 620 square feet to 1,412 square feet. Rents will start at $1,395 and units will be available in April 2022.
Chemtov is a limited partner in Connect at First Creek, a 150-unit multi-family development directly adjacent to Momentum developed by Massimino Development. Connect at First Creek’s property lease–up started at the peak of the pandemic and is currently stabilized, averaging 18 units per month during lease-up.

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