Summit Procurement Groupa multi-family general contractor, is launching construction on a 214-unit property in Gainesville, Georgia. Development is expected to end in the spring of 2024. Dynamic design is the architect, with The Macallan Group and McNeal Development part of the development team.
Located adjacent to Banks Street and Queen City Parkway, Midland Gainesville will be located minutes from Northeast Georgia Medical Center and Lee Gilmer Memorial Airport.
The community will consist of three buildings with studios, one and two bedroom apartments. Common facilities should include a swimming pool, fitness studio, yoga studio, rooftop club room, outdoor entertainment area, and covered porch. Units will offer walk-in closets, granite counter tops and energy efficient appliances.
Marc Padgett, president of Summit Contracting Group, said in prepared remarks that the Gainesville area is seeing increased demand. Suburban Atlanta had 11,666 units under construction as of mid-August, according to Yardi Matrix data, with work beginning on 2,777 apartments year-to-date through July. Metro Atlanta continues to show healthy fundamentals, with average rent rising 1.2% in July alone, according to the same data provider.