A joint venture of PeakMade Real Estate and Blue Vista Capital Management has completed Theory Interlock, a 674-bed student housing community in Atlanta, adjacent to Georgia Tech. The partnership announced the development in May last year after securing construction financing from Truist Bank.
Theory Interlock comprises 240 units with studio to five-bedroom and townhome floorplans, ranging from 455 to 1,879 square feet, with walk-in closets, private balconies, as well as smart TVs and thermostats. Community amenities include a fitness center, rooftop pool with outdoor jumbotron theater, electric vehicle charging stations, study and podcast rooms, outdoor courtyards with grilling areas and 338 parking spaces.
Located at 1040 Northside Drive, the community is one block away from the Georgia Tech campus and within a mile of Russ Chandler stadium. Interstate 85 is within a mile of the property, and downtown Atlanta is some 2.5 miles south. Residents have easy access to ground-floor retail and dining options, while several others are within walking distance of the property.
The student housing community is part of Interlock Tower, the second phase of a mixed-use district in Atlanta’s West Midtown neighborhood, which will comprise 200,000 square feet of office space, 100,000 square feet of retail and restaurant space, 349 apartments, 70 townhomes and a 161-key Bellyard Hotel. Blue Vista and PeakMade are also developing Theory Gainesville, a 861-bed student housing community and one of the largest projects in the Southeastern Athletic Conference.
