Southeast Real Estate Business

OCT 2016

Southeast Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in the Southeast United States.

Issue link: http://southeastrealestatebusiness.epubxp.com/i/735102

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www.REBusinessOnline.com Southeast Real Estate Business • October 2016 • 47 Howard Neiman, partner at BNKJ; Steve West, vice president of develop- ment at Halpern Enterprises Inc.; Jack Misiura, vice president of develop- ment at ECI Group; George Morgan, chairman of George S. Morgan Devel- opment; and Jerry France, chairman and CEO of France Media Inc. Randall Shearin moderated the roundtable with the participants, many of whom also live in Sandy Springs. The following is the edited discussion: Southeast Real Estate Business (SREB): Let's go around the table and introduce ourselves. What work are you doing in Sandy Springs? Chitty: Selig Enterprises has part- nered with Carter to do the private retail and residential portion of City Springs. In addition, Selig has made some strategic investments in Sandy Springs on Carpenter Drive and adja- cent properties to that to bring about funding Roswell Road. We're in the middle of constructing seniors hous- ing there as well, so Selig is making a big investment in Sandy Springs and we're excited about the changes that are happening. Hagley: Carter is serving as a pro- gram manager for the city and all the civic functions as far as the construc- tion of the performing arts center, of- fice building, family theater and the park. All the infrastructure that we all see around the site. Cadranel: I've been working in and around the Sandy Springs area for a long time. Several years ago I saw an opportunity to create a multifamily community to replace a dilapidated 1970s office campus and commercial residence. We partnered with the ECI Group on the project and today we are under construction on The Cliftwood, a 250 unit apartment home commu- nity. I was also fortunate enough to assemble five additional adjacent par- cels adjacent to The Cliftwood along Roswell Road and Cliftwood Drive including the old Taco Mac, Cartunes, and Cocktail Cove tracts. We plan to demolish those properties in the next few weeks to make way for a new 27,000-square-foot restaurant and re- tail center we are calling The Plaza at City Springs. It's been our goal to do what we can to clean up what we see as the true gateway and welcome mat to Sandy Springs and the City Springs district. Misiura: We're partnering with Arris on The Cliftwood. ECI Group is based here in Atlanta. The family- owned business has been in business for over 40 years. We develop, own and operate multifamily projects ex- clusively. I'm also a Sandy Springs resident. I live in the neighborhood closest to City Springs, and it's excit- ing what's going on. Poole: My primary duties as the assistant city manager concerns the infrastructure of the city — public works, capital improvement projects, etc. It's great working with Selig and Carter on City Springs, bringing it to fruition in December 2017. Nieman: BNKJ represents a number of developers and we're located in Sandy Springs. Friedmann: Mill Creek Residential, formed in 2010, is a leading multifam- ily investor specializing in premier apartment communities across the U.S. Our Southeast headquarters is in Atlanta, and I oversee the Modera Sandy Springs development, across from City Springs. We're excited about our projects truly transforming the downtown Sandy Springs vision. I live a couple of minutes away from both sites and am immersed in the community on a day-to-day basis. West: Halpern is a 50-year-old, privately held family business that builds, owns and operates shopping centers primarily as long-term invest- ments. In Sandy Springs, our biggest connection is that we just moved our corporate headquarters here. We con- structed a new building and opened it last Friday. Horstemeyer: John Wieland Homes and Neighborhoods was acquired by PulteGroup in January. We started the Atwater project at the corner of Allen Road and Sandy Springs Circle, with our entrance on Sandy Springs Circle. Our buyers are coming from all walks of life, and it's been fascinating to see who they are. We also have town- homes in the Gateway project that we're very excited about. I've lived in Sandy Springs for six years. SREB: What's the city's vision of City Springs and how it's been a cata- lyst for growth beyond that? Poole: The vision goes back to the beginning of Sandy Springs in 2005 LEO WIENER President COURTNEY BRUMBELOW Senior Vice President SEAN W. PATRICK, CCIM Vice President

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