Goldrich Kest Acquires 340-Unit Luxury Midtown Atlanta Apartment High-Rise
Dec 1, 2023
Key Takeaways
- Goldrich Kest has closed on the purchase of Novel Midtown, a luxury apartment high-rise in Atlanta, marking their third apartment acquisition in the city. Atlanta is experiencing significant job and population growth.
- Novel Midtown is a 14-story high rise with 340 studio, one, two, and three-bedroom residences. It offers superior interior finishes and a range of amenities, including a fitness center, swimming pool, sky deck, conference rooms, co-working spaces, and a dog park/pet spa. The ground floor has a Land of a Thousand Hills Coffee & Social.
- Located in the heart of Midtown, Novel Midtown is close to a Whole Foods market, the Arts Center, a MARTA station, restaurants, recreational amenities, and entertainment destinations.
- Goldrich Kest is excited to be part of Atlanta's thriving metropolitan area and aims to offer residents a luxurious and ultra-convenient lifestyle. Housing is in demand given the growth dynamics in the Midtown sub-market.
- Goldrich Kest is a privately owned, family-run business with a portfolio of residential, commercial, industrial, and retail projects. It owns 110 apartment buildings, five marinas, 21 senior living facilities, and over 6 million square feet of commercial space.
Goldrich Kest, one of Southern California’s largest privately owned real estate investors, recently closed on the purchase of Novel Midtown, a 340-unit luxury midtown Atlanta apartment high-rise. This marks the company's third apartment acquisition in Atlanta, Georgia, which is experiencing significant job and population growth.
Culver City, United States - December 1, 2023 /PressCable/ —
Recognizing Atlanta’s robust job and population growth, Goldrich Kest, one of Southern California’s largest privately owned real estate investors, recently closed on the purchase of Novel Midtown, the company's third apartment property in Atlanta.
The luxury, 14-story high rise tower was constructed by Crescent Communities in 2022 and boasts 340 studio, one, two and three-bedroom residences with superior interior finishes. Novel Midtown contains a broad array of amenities including a 3,000-square-foot, state-of-the art fitness center, infinity glass-edged swimming pool, top floor sky deck, outdoor kitchen, private conference rooms and co-working spaces, and a dog park/pet spa for animal lovers. Additionally, there is a Land of a Thousand Hills Coffee & Social occupying the ground floor retail space -- a significant amenity for residents and neighbors alike.
Novel Midtown is centrally located in the heart of Midtown across the street from a Whole Foods market and just a few blocks from the Arts Center and a MARTA station. In addition, numerous restaurants, recreational amenities and entertainment destinations are close by.
“We are excited to be part of the thriving and dynamic Atlanta metropolitan area and to offer those seeking a luxurious and ultra-convenient lifestyle with the best the city has to offer,” says Goldrich Kest Managing Director of Investments Richard Hawthorne, who notes that housing is in particular demand given the general growth dynamics in the Midtown sub-market.
Novel Midtown is located at 1140 Spring Street NW, Atlanta, GA, 30309. Those interested in touring available units may call (404) 975-4833 or visit novelmidtownatl.com for more information.
About Goldrich Kest
Goldrich Kest is a privately owned, family-run business that can trace its origins back more than 65 years to two entrepreneurs, Jona Goldrich and Sol Kest, holocaust survivors who parlayed their meager savings into an empire. Today, the second generation of the Goldrich and Kest families continue to build upon its ever-expanding portfolio of residential, commercial, industrial, and retail projects. Among them are 110 apartment buildings with 13,226 units, five marinas, 21 senior living facilities with 3,965 beds, and, scattered throughout the US, more than 6 million square feet of commercial, industrial, and retail space. Over half of its apartment buildings accommodate low-income families. For more information about the company, visit goldrichkest.com .
*****
Contact Info:
Name: Frank Groff
Email: Send Email
Organization: Goldrich Kest
Address: 5150 Overland Ave, Culver City, CA 90230, United States
Website: https://www.goldrichkest.com/
Source: PressCable
Release ID: 89115018
In the event of detecting errors, concerns, or irregularities in the content shared in this press release that require attention or if there is a need for a press release takedown, we kindly request that you inform us promptly by contacting [email protected]. Our dedicated team will promptly address your feedback within 8 hours and take necessary actions to resolve any identified issues diligently or guide you through the removal process. Providing accurate and dependable information is our utmost priority.
More News
Who should pay on the first date?
Yasmin Rufo asks New Yorkers who picks up the bill on a first date, and how much they usually spend.
P&R urged to speed up review of relocation grants
Forward Guernsey believes the allowance is putting pressure on rental prices.
How One Country Became the Unlikely Crossroads of the Global A.I. Boom
In Malaysia, U.S. and Chinese tech giants are pouring billions into vast data centers, straining local resources and testing the limits of Washington’s restrictions on advanced chips.
In China, the War on Mosquitoes Has Entered the A.I. Era
Using sensors developed for self-driving cars, a Chinese start-up claims it can track and destroy tiny flying targets while avoiding people, pets and reflective surfaces.
Binance Grapples With ‘Security Incident’ That May Cause $6.3 Billion in Losses
The world’s largest crypto exchange suspended deposits and withdrawals after an apparent hack.
Big Tech’s Data Center Blitz Is Burning Through Cash and Scaring Wall St.
Amazon on Thursday became the latest tech company to announce swelling investments in A.I. amid stumbling share prices.
EU trade measures threaten UK auto recovery: SMMT
European Union (EU) trade measures threaten a projected recovery in British vehicle production next year, the Society of Motor Manufacturers and Traders (SMMT) warned on Thursday.
From Levi's to Primark - the fashion chains selling mended clothes
A new generation is embracing eye-catching patching and visible mends.
Polymarket Is Investigating Suspicious Bets on Israeli Election
The company said it was looking into hundreds of new accounts that had placed wagers in two markets related to the election on Tuesday.
U.S. GDP Increased 3.4% in Third Quarter
The economy grew 3.4 percent in the third quarter, the fastest pace in a year. Strong spending and growth contrast with the poor marks many voters are giving the economy.
Burnham 'ready to support' Poundland staff as retailer faces collapse
Poundland's bosses are filing a notice of intention to appoint administrators to the business.
In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation
Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.