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Sunbelt Developers

@sunbeltdevelopers

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Every building has a story.
Conversations covering major commercial developments in Sunbelt cities.

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Hines has acquired 99 West Paces, a 312-unit luxury apartment tower in Buckhead, for approximately $240 million, marking the firm’s first multifamily acquisition in the Atlanta market.

Completed in 2023, the 13-story residential tower offers one-, two-, and three-bedroom residences plus penthouses, along with amenities including a sky lounge, resort-style pool, co-working space and wellness club. Hines Living will provide property management services for the community.

The acquisition adds a major luxury multifamily asset to Hines’ Atlanta platform and reflects the firm’s continued investment in the market. With 99 West Paces, Hines is expanding its residential presence in one of Atlanta’s established commercial and residential corridors.

Drop your questions below. We’ll answer them in the comments! taken in 99 West Paces by @sunbeltdevelopers

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3 hours ago

Is Senior Living Making People Less Healthy?

Steve Nygren @stevenygren , Founder & CEO of Serenbe @serenbe , points to a fundamental problem with the way we think about aging. Traditional senior living can be gray, institutional, and overly clinical, even though staying mentally active and engaged becomes just as important in our later years.

For Nygren, the answer is not more luxury or heavy crown molding. It is creating environments that make people feel alert, connected, and alive.

Watch the full story on Episode 28 of the Sunbelt Developers Podcast on YouTube, Spotify, and Apple Podcasts. Link in bio!

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Sunbelt Developers Season 3 is exclusively sponsored by Northspyre.

Northspyre’s platform is built to modernize the development process, replacing outdated spreadsheets and error-prone processes with automation, analytics, and AI.

Northspyre.com
@northspyre taken in Atlanta, Georgia by @sunbeltdevelopers

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a day ago

Pleasant Peasant was an Atlanta classic. But its story at Phipps Plaza is even more surprising.

When Steve Nygren @stevenygren opened Pleasant Peasant at Phipps Plaza in 1974, the mall was struggling. It was only five years old, local merchants had declined to renew their leases, and much of the mall sat empty. Nygren took a chance on opening a restaurant on the second floor, even though the mall was closed five nights a week. The first lunch drew 400 people.

Just seven months after Pleasant Peasant opened for dinner, the entire mall was leased. The story is a fascinating look at how one restaurant became part of a much bigger turnaround for Phipps Plaza.

Watch the full story on Episode 28 of the Sunbelt Developers Podcast on YouTube, Spotify, and Apple Podcasts. Link in bio!

—

Sunbelt Developers Season 3 is exclusively sponsored by Northspyre.

Northspyre’s platform is built to modernize the development process, replacing outdated spreadsheets and error-prone processes with automation, analytics, and AI.

Northspyre.com
@northspyre taken in Atlanta, Georgia by @sunbeltdevelopers

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2 days ago

The 148-unit Park Summit Apartments in Decatur is now owned by the Housing Authority of DeKalb County following a $29.2 million acquisition, bringing a multifamily community near Emory Decatur Hospital into the agency’s portfolio.

Located along North Decatur Road, Park Summit offers studio, one, two, and three-bedroom units. The acquisition follows DeKalb County’s approval of its $155 million Housing Investment Bond Program, which is estimated to generate more than $1.2 billion in public and private housing investment.

The purchase reflects a broader focus on expanding housing access in DeKalb County, with the property expected to primarily serve as workforce housing for employees of the nearby hospital.

Drop your questions below. We’ll answer them in the comments! taken in DeKalb County by @sunbeltdevelopers

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3 days ago

What happens when driving your own car starts to feel as outdated as owning a horse?

Steve Nygren @stevenygren , Founder & CEO of Serenb @serenbe , believes autonomous vehicles could fundamentally change how people move through cities. As self-driving technology develops, he sees a future where people can work, relax, or even get a massage while traveling, rather than spending their time behind the wheel.

His prediction is striking: 20 years from now, driving your own car could be as unusual as owning a horse today. That shift could also reshape everything from insurance and transportation infrastructure to how cities think about roads and mobility.

Watch the full story on Episode 28 of the Sunbelt Developers Podcast on YouTube, Spotify, and Apple Podcasts. Link in bio!

—

Sunbelt Developers Season 3 is exclusively sponsored by Northspyre.

Northspyre’s platform is built to modernize the development process, replacing outdated spreadsheets and error-prone processes with automation, analytics, and AI.

Northspyre.com
@northspyre taken in Atlanta, Georgia by @sunbeltdevelopers

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4 days ago

Once a long-vacant landmark near Spaghetti Junction, the former Presidential Hotel is set for a $53.3 million redevelopment into a residential community.

Aramar Investments plans to convert the 14-story cylindrical tower into 282 market-rate residences through a complete interior renovation. The project includes 76 studios, 150 one-bedroom units, 52 two-bedroom units and four penthouses, with the existing structure already gutted in preparation for the renovation.

With the property having remained unoccupied for more than a decade, the redevelopment marks a significant transformation for one of DeKalb County’s most visible vacant properties and brings a new residential use to the site.

Drop your questions below. We’ll answer them in the comments! taken in DeKalb County by @sunbeltdevelopers

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8 days ago

This was Atlanta’s first street-front restaurant in 30 years.

Steve Nygren @stevenygren , Founder & CEO of Serenbe @serenbe , shares the story of Dailey’s and this unusual chapter in Atlanta’s downtown history, including its location on what is now International Boulevard.

Opened in 1979, it became the first restaurant in 30 years to have a front door onto a street downtown. At the time, restaurants were largely located inside Peachtree Center and hotels, with no restaurants opening directly onto the streets.

Watch the full story on Episode 28 of the Sunbelt Developers Podcast on YouTube, Spotify, and Apple Podcasts. Link in bio!

—

Sunbelt Developers Season 3 is exclusively sponsored by Northspyre.

Northspyre’s platform is built to modernize the development process, replacing outdated spreadsheets and error-prone processes with automation, analytics, and AI.

Northspyre.com
@northspyre taken in Atlanta, Georgia by @sunbeltdevelopers

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5 days ago

Atlanta City Council has unanimously backed a resolution supporting light rail along the full 22-mile Atlanta BeltLine @atlantabeltline , marking a significant step in efforts to move the long-discussed transit project toward implementation.

The resolution calls for the city, MARTA, Atlanta BeltLine Inc. and other stakeholders to provide implementation and funding updates by Jan. 26, 2027, while examining where construction could begin, how the rail would connect with existing transit, and how the project would be funded.  
The move brings key planning questions back into focus as Atlanta works to determine what a BeltLine rail system could look like and what it would take to build it. The resolution also supports existing transit right-of-way and rails-on-grass designs where feasible. 
Drop your questions below. We’ll answer them in the comments! taken in Atlanta BeltLine by @sunbeltdevelopers

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14 days ago

How can just 300 acres represent 60% of a city’s tax base?

Serenbe @serenbe is a 2,000-acre community, but only about 300 acres have been disturbed. In the last tax year, roughly 70% of those 300 acres were already tax-producing, meaning they had reached a finished stage and were on the tax records.

Steve Nygren @stevenygren , Founder & CEO of Serenbe, explains how that relatively small developed footprint has become such a significant part of the tax base for a 38,000-acre city with its own police, fire department, public works, and thriving community.

Watch the full story on Episode 28 of the Sunbelt Developers Podcast on YouTube, Spotify, and Apple Podcasts. Link in bio!

—

Sunbelt Developers Season 3 is exclusively sponsored by Northspyre.

Northspyre’s platform is built to modernize the development process, replacing outdated spreadsheets and error-prone processes with automation, analytics, and AI.

Northspyre.com
@northspyre taken in Serenbe Farms by @sunbeltdevelopers

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6 days ago

Episode 28 of the Sunbelt Developers Podcast is live!

We sat down with Steve Nygren, founder and CEO of Serenbe @serenbe , to explore the story behind one of the most influential approaches to community development in the Atlanta region.

From building the Pleasant Peasant into a major hospitality business and helping shape the early vision for Midtown Atlanta @midtown_atl to discovering the land that would become Serenbe, Nygren shares the experiences that shaped his approach to development.

He also discusses creating a community centered around density, preserved green space, agriculture, walkability, and connection to nature, and why he believes these ideas could shape the next generation of communities.

Watch the full episode on YouTube, Spotify, and Apple Podcasts. Link in bio!

—

Sunbelt Developers Season 3 is exclusively sponsored by Northspyre.

Northspyre’s platform is built to modernize the development process, replacing outdated spreadsheets and error-prone processes with automation, analytics, and AI.

Northspyre.com
@northspyre taken in Atlanta, Georgia by @sunbeltdevelopers

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7 days ago

How did Athena Health end up in Atlanta?

Matt Bronfman, CEO of Jamestown @jamestown.lp , shares the incredible story of landing Athena Health @athenahealth as the very first office tenant at Ponce City Market @poncecitymarket .

At the time, the health tech company was eyeing options across Alpharetta, Buckhead, and Midtown. Unimpressed by traditional real estate, the CEO agreed to visit a raw construction site in a neighborhood his broker advised against visiting outside daylight hours.

The Athena team saw past the dust to the 100-year-old floors and original crank-open windows. On the spot, the CEO issued an ultimatum that resulted in one of the most memorable leases in Atlanta real estate history.

Watch the full story on Episode 15 of the Sunbelt Developers Podcast on YouTube, Spotify, and Apple Podcasts. Link in bio!

Special thanks to our sponsors for making this episode possible:
-The Beck Group
-Songy Highroads, LLC
-USA Cabling & Technology Solutions
-Corporate Environments of Georgia
-Scott Contracting, LLC taken in Ponce City Market by @sunbeltdevelopers

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a month ago

What does it really take to build a different kind of community?

From transforming a 40,000-acre vision outside Atlanta to creating Serenbe @serenbe and now leading a $1.7 billion expansion, Steve Nygren @stevenygren shares how he thinks about development, land preservation, walkability, and building communities for the future.

Steve Nygren, founder of Serenbe, on the Sunbelt Developers Podcast.

📅 Drops Wednesday, September 30 at 10:30 AM

Don’t miss this one. taken in Atlanta, Georgia by @sunbeltdevelopers

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9 days ago