100 Edgewood | Atlanta, GA | Student Housing Development Opportunity

100 Edgewood Avenue Atlanta, GA 30303

  • 318,935 Square Feet
  • Multifamily-Apartment
  • For Sale

Summary Description

ADAPTIVE RE-USE
Given its location adjacent to Georgia State University (GSU) and strong demand for walkable housing, 100 Edgewood represents an opportunity to realize the highest and best use of the real estate by converting the existing office tower to student housing.

IRREPLACEABLE LOCATION
Located at 100 Edgewood, the existing tower is situated on the edge of Georgia State University’s campus. It lies directly across from Hurt Park which acts as the formal entrance to GSU and provides a unique amenity. The location of this building is pedestrian to GSU including all academic buildings, student union and recreation facilities. The existing housing owned by GSU has an average distance to campus that exceeds 0.25 miles.

MAJOR UNIVERSITY MARKET
100 Edgewood lies in the center of Atlanta, Georgia which is surrounded by over six colleges and universities housing over 74,000 students within a four mile radius.

STRONG DEMAND
Currently GSU has six university-owned housing sites that sleep an estimated 4,195 students. With one new development delivering August 2016, total university housing will exceed 5,200 beds. With full time undergraduates for AY 2015/2016 approximately 18,966 the immediate off campus student housing demand for GSU exceeds 13,700 beds.

DYNAMIC MSA
Atlanta is known for being epicenter of the Southeast economy, its deep talent base, sustained population growth, mild weather, attractive cost of living & doing business, diverse economy, top colleges & universities, superior healthcare, and a Top Fortune 500 business city.

HOLISTIC APPROACH
The United Way campus is a four-acre block consisting of the aforementioned 100 Edgewood tower as well as an adjacent surface parking lot, 61,320 SF office building (Loudermilk) and a 900+/- space parking garage. The core opportunity is the sale of the 100 Edgewood tower but the seller will consider offers that include the adjacent surface parking lot, or first right of refusal. The other components of the campus are not offered for sale.

Area Available: 318,935 Square Feet

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