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TPA Residential Completes Class A Atlanta Community – Multifamily Real Estate News

The Enzo in Ariston

Residential TPA completed construction of The Enzo at Ariston, a 265-unit multi-family community in Buford, Ga. The Class A property received a $28.6 million construction loan in 2020 from Texas Capital Bankbased on Yardi Matrix data.

McShane Construction Co. was the general contractor, Niles Bolton Associates provided architectural services and RangeWater Real Estate will be owned by management, the same source shows.

The boutique-style community features two buildings with studio, one-, two-, and three-bedroom floor plans ranging from 537 to 1,584 square feet. Common facilities include a swimming pool, clubhouse, 24-hour fitness center, dog park, and outdoor areas with grilling stations. Unit amenities include washers and dryers, vinyl tile flooring, professional kitchens, and private patios or balconies.

Located at 3025 Woodward Crossing Blvd., the Enzo at Ariston is close to Interstates 85 and 985, providing easy access to downtown Atlanta. There are many restaurants, schools, retail spaces, and entertainment venues in the area, including the Mall of Georgia and Rockin’ Jump Trampoline Park. Green spaces, such as the Bogan Park Community Recreation and Aquatic Center and Little Mulberry Park are also nearby.

TPA, alongside McShane Construction Co. and Niles Bolton Associates, is developing another 318-unit community in Kennesaw, Georgia. The company acquired the site for $13.8 million, while Citizens Bank backed the project with a construction loan of $58.3 million. The property is expected to be completed in 2024.