Vista Realty Partners & BCDC Start Sweetwater Vista, 300-Unit Multifamily Project

8/18/20

Douglasville garden-style community will provide workforce housing

Vista Realty Partners and Batson-Cook Development Company (BCDC) have started Sweetwater Vista, a 300-unit garden apartment community in the metro Atlanta city of Douglasville.

Located on Riverside Parkway adjacent to Sweetwater Creek State Park, the 51.28-acre property will feature nine three-story residential buildings that will provide housing for renters drawn to the employment opportunities in metro Atlanta and Cobb County. With market-leading amenities, Sweetwater Vista will have a luxury clubhouse and lounge, a fitness and yoga center, resort-style pool and ample open space and nature trails throughout. The property will offer a range of unit sizes with premium interior finishes.

“Vista Realty Partners and BCDC are meeting a great need in Douglasville by breaking ground on the first new workforce housing in almost a decade,” said Litt Glover, President and CEO, BCDC. “This is a community that has long been overlooked, and there is pent up demand as a result. We are thrilled to be underway and pleased to join with Vista Realty Partners on this exciting project.”

“We are very excited to be partnering with an organization in BCDC that shares our vision for delivering a multi-family product that meets the needs of the growing middle-class population. The Douglasville submarket continues to see a high level of job and population growth without any new supply of multi-family rental housing options,” said Michael Neyhart, Chief Investment Officer of Vista Realty Partners.

Synovus Bank is providing financing. The project team includes general contractor Flournoy Construction and architect Niles Bolton Associates. The joint-venture partnership expects Sweetwater Vista to welcome residents in the fourth quarter of 2021.

About Batson-Cook Development Company

Founded in 1963, Batson-Cook Development Company (BCDC) is a wholly owned subsidiary of Kajima USA. It is a fully integrated real estate organization providing development and capital solutions, primarily through partnerships on commercial real estate projects in the Southeastern United States. Based in Atlanta, Georgia, BCDC offers a wide variety of real estate services from development and construction to equity and credit enhancements, to brokerage and property management. Learn more by visiting batsoncookdev.com.

About Vista Realty Partners

Formed in 2000 by Eduard de Guardiola – an industry veteran with over 30 years of experience in multi-family investment, development and construction management, Vista Realty Partners has a distinguished history of creating significant value for its investors through its entrepreneurial, opportunistic approach to both acquisitions and developments. Vista and de Guardiola entities have been responsible for developing or acquiring over 13,000 units with a primary focus in Atlanta and the Southeast. Read more by visiting vistarp.com.

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