ATLANTA, Ga. – (Aug. 2021) – Portman Residential, a new real estate development company affiliated with longstanding Atlanta-based Portman Holdings (Portman) along with National Real Estate Advisors, LLC (National), an investment manager specializing in a build-to-core investment strategy, developing and managing large-scale urban commercial and multifamily projects on behalf of its clients, announced today it has broken ground on a multifamily project, 1000 Spring.
Located at the corner of Spring Street and 10th Street NW, the project will serve as the first phase of a 4.09-acre master-planned, mixed-use development led by Portman, located in Atlanta’s Midtown. 1000 Spring will include 370 residential units as well as 11,000 square feet of retail space, providing both convenient amenities and destination boutique experiences for the community and residents. 1000 Spring will be equipped with stylish modern interiors, thoughtful details, and boutique amenities, including a resort-style pool, fitness center and clubroom.
“Today’s groundbreaking marks a significant and historic day for Portman Residential. For more than 62 years, Portman Holdings has been an innovator in design and development of transformational hotel and office properties. Residential was a missing piece. Now, we bring that same level of excellence to the residential sector with our first project, 1000 Spring in Atlanta,” said Harvey Wadsworth, Managing Director, Portman Residential.
“We are excited to be working alongside Portman Residential on this transformative project in booming Midtown Atlanta,” said Jeffrey Kanne, President and CEO of National Real Estate Advisors, LLC. “With our excellent partner, we seek to generate good returns, create good jobs and deliver a high quality, luxury living option for this growing community.”
The partnership has retained prominent architectural firm Cooper Carry with interior design by Fogarty Finger, and contracting services from JE Dunn. Once completed, the development will introduce stylish new residences, modern amenities, and carefully curated street-level retailers to support the local fabric of the neighborhood. The larger development plan will also feature a 525,000 square foot, Class A office building and one of Atlanta’s architecturally historic sites, H.M. Patterson & Son’s Spring Hill Chapel. With its landmark designation, the adaptive reuse historic home will become a venue with a food and beverage focus, including the new 225-key hotel.
“Together, Portman Holdings and Portman Residential are actively working on several exciting master-planned, mixed-use developments that include residential, office, hotel, and retail components. We are very focused on placemaking and quality design. We are active in major markets throughout the United States, including Austin and Dallas; focusing on quality design that withstands the test of time and placemaking in major cities,” said Marc Brambrut, Senior Vice President, Development, Portman Residential.
For more information, visit: https://portmanresidential.com/.
ABOUT PORTMAN RESIDENTIAL
Portman Residential is the luxury multifamily development arm of Portman Holdings. Portman Residential principals have a proven track record of developing luxury multifamily product in the markets throughout the nation. The firm grew from Portman Holdings, a fully integrated development practice that has developed hotels, retail space, apartments, and office buildings around the world, including the New York Marriott Marquis Times Square, San Francisco’s Embarcadero Center, and Shanghai Centre. Today, Portman Holdings is an efficient, highly skilled, and well-rounded real estate development team with a specific focus on hospitality, office, and mixed-use projects in urban infill settings. The vertically integrated team commands a substantial global network and has a proven track record with the world’s top financial institutions.
Current projects include 1000 Spring and Peachtree & Pharr in Atlanta, 2161 Hawkins and Savona Mill in Charlotte, Ballpark Village in Nashville, and XYZ project in Austin, Texas.
ABOUT NATIONAL REAL ESTATE ADVISORS, LLC
National Real Estate Advisors, LLC is an investment manager specializing in a build-to-core strategy, developing and managing large-scale, urban commercial and multifamily projects for its institutional client accounts. National constructs investment portfolios of modern property assets—apartment, office, mixed use, industrial (including data centers), and hotel—with design features, technological enhancements, and amenities that drive high tenant demand and can create value for investors. National is an independently operated subsidiary of the National Electrical Benefit Fund (“NEBF”), a substantial pension trust with a significant amount of assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com.