Blanchard and Calhoun Commercial Represents Developer on 155 Unit Multifamily Project coming to Downtown Augusta
AUGUSTA, Georgia, December 6, 2019- The Beman Group of Blanchard and Calhoun Commercial, together with their partners, Ivey Development, are pleased to announce the acquisition of the 4 Acre Parcel at 636 11th Street in Downtown Augusta. This will be the site of a new Class A Multifamily project to be developed at the intersection of 11th and Fenwick Street in next to the Augusta Canal. The 155 Unit project consists of two 4-story buildings with elevator service. Amenities will include a large clubhouse area, fitness facility, meeting room, pool, lawn area and a dog park. This project signifies the first major residential development in Downtown Augusta in decades. This opens the door for the potential development of new retail and office spaces throughout the district, pushing the downtown revitalization to new levels.
After partnering with The Iveys for over a year on site selection and due diligence, they concluded that this site would provide the best return on their investments and ultimately represented them at closing. "We've worked with the Ivey Team on multiple projects like Brighton in Grovetown, so we are proud to represent them as they elevate the quality of asset classes that are coming to the steadily growing Downtown. Millhouse (Station) meets the existing demand of higher-end, fully amenitized communities downtown dwellers have been starving for" added Davis Beman, Vice President and Director of Commercial Real Estate at Blanchard and Calhoun.
“We are excited to be part of the continual growth in downtown Augusta. We think this development will set a new bar for quality and appearance in the market” says Matt Ivey. Ivey Development is part of the Ivey Group of companies which is involved in homebuilding, land development, multi-family development and construction, as well as small commercial construction and development. Based in Evans, Georgia, Ivey Homes is one of the largest homebuilding companies in the Augusta Metro area.
About Blanchard and Calhoun Real Estate Commercial
Blanchard and Calhoun Real Estate Commercial provides comprehensive investment analysis and risk assessments on a wide variety of Real Estate asset classes. Since 1919, Blanchard and Calhoun Real Estate has been heavily involved in the development and growth of the Central Savannah River Area.
We are fully versed in all aspects of Commercial Sales, Leasing, and Asset Management and strive to maximize value for investors while establishing new ideas for development with a focus on conservation, architecture, and community organization. For more information, visit us at bandccommercial.com or blanchardandcalhoun.com