$72m apartment community swaps hands.MARIETTA, GA: Ceebraid-Signal, a leading operator of multi-family communities throughout the eastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , announced that it has purchased the Rivers Apartment Communities in Marietta for $72 million. The communities, which consist of 708 garden-style apartments on nearly 77 acres, are situated on adjacent lots on Powers Ferry Road Ferry Road is one of the major roads of Edinburgh, Scotland, and is often referred to as an area in its own right. It runs from the eastern end of Davidson's Mains village in the west, to Leith in the east, passing through Goldenacre on the way. in the bustling Atlanta metropolitan area The Atlanta metropolitan area, commonly referred to as metro Atlanta in Georgia, is the ninth-largest metropolitan area in the United States and consists of up to 28 counties in Georgia. suburb of Marietta, the county seat of Cobb County. With its thriving economic base, Marietta is home to 10 industrial and business parks and is undergoing a redevelopment of its downtown as part of a comprehensive effort targeted at improving the city's central business district. Additionally, the city is the location of several colleges and universities, such as Southern Polytechnic State University, as well as five historic districts and numerous shopping, dining, cultural and recreational opportunities. Ceebraid-Signal is making a multi-million-dollar investment in the Rivers Apartment Communities--comprised of The Preserve Apartment Homes, The Pointe pointe n. In ballet, dancing that is performed on the tips of the toes. [From French pointe (des pieds), point (of the feet), tiptoe; see point.] Apartment Homes and The Park Apartment Homes--that will result in significant upgrades to the properties. In addition to the existing amenities at these communities, which include three pools, three fitness rooms and numerous tennis courts, Ceebraid-Signal is also planning to add several new lifestyle-enhancing amenities for residents, such as a new clubhouse and leasing center that will house an indoor basketball court, surround-sound movie theater, rock climbing rock climbing Sports medicine An 'extreme sport' in which the participant climbs rock formations, with or without ropes Injury risk Fractures, abrasions, death. See Extreme sports. wall, athletic/cardio center and residents lounge. Each of the 708 apartments will be renovated to include new kitchens, bathrooms and HVAC (Heating Ventilation Air Conditioning) In the home or small office with a handful of computers, HVAC is more for human comfort than the machines. In large datacenters, a humidity-free room with a steady, cool temperature is essential for the trouble-free units. Ceebraid-Signal's plans also include new decks, playground facilities and improved access to the communities' Chattahoochee River Chattahoochee River River, southeastern U.S. Rising in northeastern Georgia, it flows southwest to the Alabama border and then south, forming a section of the Alabama-Georgia and Georgia-Florida boundaries, to join the Flint River at Chattahoochee, Fla. jogging trails. "We are excited to have the opportunity to improve these communities for residents with newly renovated apartment homes and the addition of desirable amenities," said Jason Schlesinger, principal of Ceebraid-Signal. "A demand for enhanced housing exists in Marietta and we are confident that these improvements will serve to elevate residents' quality of life." The apartment communities are adjacent to the Chattalaoochee River and conveniently located near Interstates 75 and 285, which connect residents to regional corporate centers, transportation hubs Transportation hub is a location where traffic is exchanged across several modes of transport. These modes may include any of railway, tramway, rapid transit, bus, automobile, truck, airplane, spacecraft, ship, ferry, pedestrian or any other kind of transportation. and entertainment opportunities. |
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