The site is located in Gwinnett County between the Duluth and Suwanee submarkets.
“We know this submarket well and want to continue to leverage its strong economic growth,” said Brad Johnson, Partner at Westplan. “We are pleased that we succeeded in changing the zoning from a commercial to residential use which was a lengthy process.” Westplan recently purchased the site after the rezoning was successful.
Westplan has previously completed the successful development and sale of two other multi-family projects in Gwinnett County: Aspire at the Ballpark and Highlands at Sugarloaf.
352 multi-family units
Accent PIB will consist of 352 Class A multi-family units. The US $23.7 million in equity to make the investment possible was primarily raised by Dutch private investors.
Developing new multi-family communities
Westplan continues to focus on developing new multi-family communities and will further expand its portfolio this year. The successful sale of over 900 multi-family units in 2020 in Atlanta, Nashville and Athens during the COVID-19 pandemic confirms the confidence that investors and buyers have in well located multi-family projects. The demographics and economic growth of our target markets in the Southeastern US support our thesis to continue to actively develop quality multi-family housing.
Westplan project Accent Overlook in Charleston, SC