September 13, 2020
Armada Hoffler Properties has announced a joint venture partnership with Terwilliger Pappaer to develop Solis Gainesville, a 223-unit multifamily development in downtown Gainesville, GA.
The $52 million project will feature public park and civic space connecting to an existing pedestrian bridge that provides direct access to upscale retail, dining, greenway, performing arts and cultural offerings as well as Gainesville City Hall and the historic Gainesville Square. Gainesville is approximately 50 miles northeast of Atlanta. The project is slated to break ground later this month with an anticipated completion of 2022.
“I am pleased to announce our partnership in another high-quality multifamily development,” said Louis Haddad, CEO at Armada Hoffler Properties. “Solis Gainesville is the most recent addition to our growing pipeline of apartment projects and our second venture with Terwilliger Pappas. Solis Gainesville, along with our previously announced acquisitions, continues our rapid progress toward achieving portfolio equilibrium across the office, retail, and multifamily segments.”
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