PeakMade Real Estate (“Peak”) and Blue Vista Capital Management (“Blue Vista”) recently closed on land within The Interlock, a $450 million mixed-use development in West Midtown Atlanta for construction of Theory Interlock, a purpose-built student apartment community intended to serve students of Georgia Tech.
In partnership with master developer SJ Collins Enterprises, Theory Interlock will be part of the second phase of development at The Interlock, which will also include a Publix grocery store, retail tenants and office space. Theory Interlock will connect to the buildings which were recently opened as part of the initial phase of development at The Interlock, which includes 200,000 square feet of technology-focused office space, 105,000 square feet for retail and restaurant space, 349 luxury apartments and 18 townhomes, 70 single family homes and the 161-room Bellyard, a Tribute Portfolio Hotel.
Theory Interlock represents the second student housing development by Peak and Blue Vista in the Georgia Tech market. Located at the intersection of Northside Drive, 11th Street and Ethel Street – just a block from the Georgia Tech campus, construction on the 671-bed community will begin this summer, with an expected completion in the Summer 2023. The project will sit directly above the Publix grocery store and will include a rooftop pool and fitness center.
“We are extremely excited to be part of Interlock which is a transformational mixed-use development for West Midtown Atlanta and Georgia Tech. Our proximity to the university and all that West Midtown has to offer is truly exceptional. We look forward to once again serving the growing Georgia Tech community and its outstanding students with another well-conceived student apartment project,” commented Jeff Githens, President of development for PeakMade Real Estate.
“Theory Interlock will create a one-of-a-kind community for the large and growing Georgia Tech student enrollment, with a market-leading location, unique design and expansive on-site amenities. The project will also provide direct access to the West Midtown area’s amenities,” said Jason Schwartz, managing principal of Blue Vista’s student housing platform. “We are thrilled to yet again partner with Peak Campus on this much anticipated Class-A student offering.”
About PeakMade Real Estate
PeakMade Real Estate is an institutional-grade development and property management company based in Atlanta, Georgia, focused exclusively on the student housing industry. The companies’ experienced professionals offer an unmatched ability to execute on strategies consistent with the goals and long-term investment strategies of its partners. The Company has developed over 16,000 beds of purpose-built student housing, and have managed an average of 55,000 beds annually, with a combined valuation of more than $3.5 billion for investors nationwide, making them one of the largest private student operators in the United States.
About Blue Vista
Blue Vista is a Chicago-based leading real estate investment management firm dedicated to developing long-term relationships, serving investor interests, and delivering consistent performance through a rigorous academic and research-driven investment process. Blue Vista’s value-creating platform offers a national footprint in the U.S. and Canada, local operating expertise, and best-in-class investment strategies focused exclusively on student housing, middle-market real estate, and lending. Since the firm’s inception in 2002, Blue Vista has invested over $10.5 billion in total capitalized value through institutional real estate vehicles. For more information, please visit https://bluevistallc.com.
About S.J. Collins Enterprises
Founded in 2007, S.J. Collins Enterprises is a privately held, full-service developer of premier mixed-use, grocery-anchored and multifamily assets throughout the eastern United States. The firm’s focus is serving its clients, partners, and stakeholders to create successful projects that excite, engage, and enhance the communities they are located in. SJC continues to build on its long, successful track record as the proven leading development platform of choice for many retailers, capital partners, municipalities, and other valued stakeholders. For more information, go to www.SJCollinsEnt.com.