BCDC, an opportunistic real estate development investment firm, is launching a joint-venture development partnership with Imperium Development, an Atlanta-based multifamily real estate development company. Ground has been broken on its first project, Ava Oakwood, a class-A apartment community on 2800 Frontage Road in Oakwood, Georgia.
“Imperium brings more than 50 years of combined experience in multifamily development, finance, construction and management to the table,” said Litt Glover, CEO of BCDC. “They are among the best in the business, and we are thrilled to kick off this partnership with this new development project in Oakwood, Georgia.”
The property at 2800 Frontage Road is a 7.65-acre development site. Once completed, it will become Ava Oakwood: a 229-unit apartment community spanning 189,875 square feet. What sets the project apart is its alignment with Gainesville’s “Highlands to Islands Trail,” a 35-mile path offering residents unparalleled access to numerous landmarks throughout Hall County.
The project’s strategic location ensures easy accessibility to major employment centers in Metro Atlanta, nearby universities and the recreational haven of Lake Lanier and Northeast Georgia. The Northeast Georgia Medical Center, located less than 15 minutes from the site, employs over 8,650 individuals, while the University of North Georgia’s Gainesville campus, just 0.20 miles away, accommodates more than 8,500 students.
Hall County is experiencing tremendous population growth and is currently ranked as the No. 1 job-producing metropolitan area in Georgia.
SeaCoast Bank is the lender, and Stockbridge Capital Group is the preferred equity partner. Ecker Construction is the general contractor and McMillan Pazdan Smith Architecture is the architect.
