Adaptive Re-Use – Given its location within the Georgia State University (GSU) campus and strong demand for walkable housing, 100 Edgewood represents an opportunity to realize the highest and best use of the real estate by converting the existing office tower to student housing.
Irreplaceable Location – Located at 100 Edgewood, the existing tower is situated within the Georgia State University campus. It lies directly across from Hurt Park which provides a unique amenity. The location of this building is pedestrian to GSU including all academic buildings, student union and recreation facilities. The existing housing owned by GSU has an average distance to campus that exceeds 0.25 miles.
Major University Market – 100 Edgewood lies in the center of Atlanta, Georgia which is surrounded by over six colleges and universities housing over 74,000 students within a four mile radius.
Strong Demand – Currently GSU has six university-owned housing sites that sleep an estimated 4,195 students. With one new development delivering August 2016, total university housing will exceed 5,200 beds. With full time undergraduates for AY 2015/2016 approximately 18,966 the immediate off campus student housing demand for GSU exceeds 13,700 beds.
Dynamic MSA – Atlanta is known for being epicenter of the Southeast economy, its deep talent base, sustained population growth, mild weather, attractive cost of living & doing business, diverse economy, top colleges & universities, superior healthcare, and a Top Fortune 500 business city.