A joint venture of Atlantic American Partners, Township Capital and Vista Residential Partners has commenced construction on the first phase of Oak Grove Vista, a mixed-use development in McDonough, Ga. Financed by Trustmark Bank and First National Bank, the project’s initial phase will comprise 302 units.
The two-stage Oak Grove Vista development is set to create a total of 348 residential units, along with 40,000 square feet of retail space. The property will encompass one-, two- and three-bedroom floorplans averaging 1,000 square feet, along with eight carriage homes with direct-access garages. Common-area amenities will include a swimming pool, coworking space, fitness center and pet park.
The developers acquired the 33-acre site in September last year. Vista Managing Director Chase Beasley stated in prepared remarks that Oak Grove is the developer’s second community in the area.
Located on Jonesboro Road just off Interstate 75, the site is roughly 30 miles south of Atlanta, some 25 miles from the Hartsfield-Jackson Atlanta International Airport and close to the Henry Marketplace shopping mall.
Atlanta ranked among the top markets for multifamily deliveries during the first half of 2023, as developers completed 6,178 units across 29 properties—representing 2.3 percent of total stock, Yardi Matrix research shows. Of these new deliveries, 68 percent are located in suburban areas. During this same period, 38 properties broke ground in the metro, accounting for a total of 10,380 total units.
