PENLER, an Atlanta-based multifamily real estate investment platform, recently announced its first development set to open in Dawsonville. The Parker is expected to break ground this month with completion in the spring of 2021.
The development will utilize only a portion of the site, a flat meadow sitting alongside Thompson Creek and a heavily forested hillside, leaving over half of the large 40-acre site undisturbed. The two-story gated community will have 240 one-, two- and three-bedroom apartments.
“Our strategy is to enter suburban markets with little new supply, great demographics, good schools, proximity to retail and employment centers and deliver first class multifamily rental communities,” said Managing Partner Brian Metzler. “We will build cost-effectively and deliver a luxury product with high-end unit finishes and impressive amenity packages at rents attainable to a large portion of households in the area.”
Amenities will feature a centrally located 1.25-acre great lawn and resident gathering area as well as a large resort-style pool with sundeck and grilling areas, a dog park and walking trails. The clubhouse will feature a 24-hour fitness center, cyber café and activity areas. The apartments are direct entry, which means residents will walk directly into their apartments without stairwells or corridors, creating a townhome feel and blending in with the high-end residential housing nearby.
The site of The Parker sits along the Ga. 400 corridor, adjacent to the North Georgia Premium Outlets.
“PENLER is less than a year old, so it’s especially significant that our first development comes on the heels of our first acquisition earlier this fall,” said Managing Partner Graham Carpenter, who leads PENLER’s acquisition division.
Launched in early 2019, PENLER is a full-service multifamily real estate operating platform focused on major metropolitan areas across the Sun Belt.