A joint venture between PCCP, LLC and FIDES Development has announced the ground-up development of City Walk at Sugar Hill, a Class A, 132-unit attached, townhome build-for-rent community located at 1091 Level Creek Road in Sugar Hill, Georgia, an Atlanta suburb.
Situated on 14.6 acres, City Walk at Sugar Hill will feature seven floor plans with six three-bedroom options with two-and-a-half bathrooms (98 units) averaging 1,789 square feet (sf) and one four-bedroom option with two-and-a-half bathrooms (34 units) averaging 1,724 sf. Units will feature high-end finishes including quartz countertops, ceramic tile backsplash, stainless steel appliances, washer/dryer, smart locks, luxury vinyl plank flooring throughout and a smart home tech package.
High-end, on-site amenities will include a free-standing clubhouse/leasing center, resort-style pool, dog park, and connectivity to the Gwinnett County Greenway and the Sugar Hill Town Center. Sugar Hill Town Center includes a number of local shops and restaurants, an outdoor walking area, and an amphitheater that hosts a popular summer concert series and community events.
“We believe this project will provide residents access to great schools, easy commutes to a number of the area’s major employment centers, and walkability to the town center,” said Andrew Barbakoff with PCCP. “We are pleased to partner with FIDES Development as they provide local expertise in the Atlanta market.”
City Walk at Sugar Hill sits along Peachtree Industrial Boulevard (PIB), which acts as the major north/south thoroughfare for the immediate region, with connectivity to Highway 20 and I-85/985. This strategic location will provide residents access to all of the major local and regional employment centers along the county’s I-85 Corridor, such as several Fortune 1,000 companies (AGCO, Asbury Automotive Group, and Primerica), as well as over 183 million sf of industrial space across Gwinnett County. Additionally, the property is located approximately 30 miles from Buckhead, Georgia and 38 miles from downtown Atlanta. Gwinnett County features a suburban feel, strong schools, and numerous employment centers.
PCCP, LLC is a real estate finance and investment management firm focused on commercial real estate debt and equity investments. PCCP has $23.8 billion in assets under management on behalf of institutional investors as of March 31, 2024. With offices in New York, San Francisco, Atlanta, and Los Angeles, PCCP has a 26-year track record of providing real estate owners and investors with a broad range of funding options to meet capital requirements. PCCP underwrites the entire capital stack to exploit inefficiencies in the market and provide investors with attractive risk-adjusted returns. Since its inception in 1998, PCCP has managed, raised or invested over $41.0 billion of capital through a series of investment vehicles including private equity funds, separate accounts and joint ventures. PCCP continues to seek investment opportunities with experienced operators seeking fast and reliable capital.
FIDES Development is a real estate development, investment, and advisory firm. Based in Atlanta, Georgia, FIDES’ focus is on projects across primary and secondary markets in the Southeast, serving their partners and the communities in which they operate with a commitment to excellence in all facets of the development process. FIDES Development is known for its team members’ track record of delivering innovative, value-driven development, where collectively, the firm’s principals combine for over 50 years of experience across 200 projects totaling over $5 billion of real estate advisory and development services.
