ATLANTA, GA - The Worthing Companies has commenced construction on The Heights at Stillhouse Ridge, a $45,200,000, 302-unit, luxury urban apartment community in the Vinings area. Located at 3151 Stillhouse Creek Drive, Atlanta, Cobb County, Georgia, The Heights at Stillhouse Ridge represents the "next generation" in luxury mid-rise urban apartment living developed by Worthing in metro Atlanta. The project will have elevations and architectural details consistent with the Cumberland Community Improvement District's design theme of an urban town center and will have a combination of flat and pitched roofs with brick and stucco exteriors. The new development will be constructed to Class "AA" standards consistent with Worthing's prior projects, offering the latest in upgraded interior unit features (in 20 different floor plans). Community amenities will include controlled-access entry gates, a well-appointed clubroom, kitchen with outdoor dining area and cyber lounge (with wireless, high-speed Internet), large-screen television, fitness room, business center, computer facilities, a resort-style swimming pool with grilling area, and a car wash facility.
"This project begins a new growth era for Worthing," says The Worthing Companies' Founder, Chairman and CEO John Echols. "The Stillhouse development is a prime example of what we do best; uncovering unique opportunities that may have been overlooked by others and strategically developing and constructing premier 'best of the class' multifamily assets."
Darin Collier, President of The Worthing Companies, noted "The multifamily markets are experiencing a strong recovery and fundamentals continue to improve. We are actively pursuing development opportunities in various target markets, and this project is the first of several we have planned for the next two to three years. We anticipate strong returns from this asset."
Since 1986, Worthing has been a market leader in multifamily development and management. Headquartered in Atlanta, Georgia, Worthing is among the most active privately owned real estate companies in the Southern United States. Specializing in the development of Class "A" institutional quality multifamily properties, Worthing is a vertically integrated company strategically focused on executing new development opportunities in select Sunbelt growth markets in Georgia, Texas, Florida and the Mid Atlantic Region. With more than 25 years of experience in the industry, Worthing has successfully developed more than 30,000 units with costs in excess of $2.8 billion.
Source: The Worthing Companies