New financing to fuel Songy Partners’ growth
Songy Partners has raised about $25 million in a private placement and isn’t nearly so “limited” anymore in either name or scope. In return for the proceeds, the Atlanta-based real estate investment company has sold a minority interest in the company and has changed its name from Songy Partners Ltd. to Songy Partners LLC… The Griffin Co. has sold both floors of 50 Old Ivy, its 11,600-square-foot boutique office condominium. Located at the intersection of Old Ivy and Habersham roads near Piedmont Road, 50 Old Ivy is the final phase of a redevelopment that included the renovation of two neighboring buildings… Originally Published in the Atlanta Business Chronicle. Read More...
read moreSandy Springs eyes remake of Roswell Road
Just as the city of Atlanta wants to transform its signature Peachtree Street into a Southern version of Chicago’s Magnificent Mile or New York’s Fifth Avenue, the fledgling city of Sandy Springs is trying to make Roswell Road its Peachtree… Kirk Demetrops, senior vice president of longtime Sandy Springs developer The Griffin Co., said Roswell Road would benefit greatly if Sandy Springs could get Fulton to re-establish the tax allocation district that was put in place just before its incorporation, or perhaps create a community improvement district for the corridor… Originally Published in the Atlanta Business Chronicle. Read More...
read moreThe residential plug-in
It’s called The Manhattan, a 27-story condominium tower that developers think foreshadows residential development in the Central Perimeter area in coming years. Southeast Capital Partners Inc. is building the 222-unit high-rise as part of Perimeter Place, the massive mixed-use project by The Sembler Co. across from Perimeter Mall… With two mixed-use projects in the works, The Griffin Co. is bullish on the Central Perimeter. “It’s always been a great office market but underserved residentially compared to everywhere else,” said Senior Vice President Kirk Demetrops. “People want to live close to where they work. Mixed-use is a way to underwrite these projects because you can deliver some parts now and wait on others…” Originally Published in the Atlanta Business Chronicle. Read More...
read moreGriffin Co. to turn office complex into condos
Cosmopolitan North has become the latest project to follow the office-turned-residential trend in the Central Perimeter. Local developer The Griffin Co. plans to transform a 138,000-square-foot office complex on Barfield Road into mixed-use with 280 condominium units… Originally Published in the Atlanta Business Chronicle. Read More Here
read moreBuckhead Boutique
The Griffin Co. has begun development of 50 Old Ivy in Buckhead. The group is seizing the momentum from its final office condominium sale at the adjacent 34/38 Old Ivy development next to Hal’s restaurant Located at the intersection of Habersham and Old Ivy roads, 50 Old Ivy is an 11,600-square-foot, two-story office condominium. Griffin expects to complete the project in February. Griffin has secured a buyer for 50 Old Ivy’s first floor, and expects to secure a buyer for the second floor prior to completion, said Griffin Co. Senior Vice President Kirk Demetrops.. Originally Published in the Atlanta Business Chronicle. Read More...
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