Cushman & Wakefield has arranged $14.9 million in construction financing on behalf of Vista Realty Partners to develop the 298-unit Marketplace Vista in Marietta, Georgia. Michael Ryan, Brian Linnihan, Richard Henry and Blake Cohen secured the preferred equity investment from Nationwide as the exclusive advisor to Vista Realty Partners. Vista, founded in 2000, is an Atlanta-based real estate investment company specializing in the operation and development of rental and for‑sale multifamily housing throughout the Southeast.
The property, located at the northwest quadrant of Powers Ferry and Terrell Mill Roads, will be located within the new master planned 24-acre Marketplace Terrell Mill development. Marketplace Vista will consist of two, four-story buildings with units including top-tier features such as granite countertops and tile backsplash in the kitchen, faux-wood flooring, custom wood cabinetry, home intrusion alarms, energy efficient digital thermostats, over-sized tubs and walk-in showers.
Amenities will include a state-of-the-art fitness center, controlled and gated access, business center/technology room, multiple courtyards and two outdoor pools, one of which will be located on the top floor, flanked by an expansive sun deck with grilling areas and social gathering space. Additionally, Marketplace Terrell Mill will be anchored by a 95,000-square-foot Kroger and an additional 130,000 square feet of retail, restaurant and a climate-controlled self-storage facility. Completion is expected in the fourth quarter of 2019.