NOVO AVONDALE
Project type: Multifamily acquisition & renovation
Location: Avondale Estates, GA
Units count: 373
Start date: May 2018
Avg unit size: 1,028
Novo Avondale is located in the Decatur/Avondale Estates submarket of Atlanta, situated directly across from the Kensington MARTA train station. Shelton McNally purchased the 373 unit property in May of 2018 and in the process of executing a major renovation of the entire complex. The completed project will comprise of modern 1, 2 and 3 bedroom luxury apartments. The complex will also feature a new 5,000 SF resident clubhouse and adjacent resort style pool.
NOVO DONELSON
Location: Nashville, TN
Units count: 199
Start date: January 2019
Avg unit size: 746
Novo Donelson is located just seven miles east of downtown Nashville in the up and coming Donelson submarket. The project is strategically situated adjacent to the RTA Music City STAR station. Shelton McNally is under construction on a new 199 unit luxury apartment community – the first in the Donelson submarket. The property will feature modern 1 and 2 bedroom units with rents at a significant discount to the downtown submarket. The complex will also have a large resident clubroom, leasing center and resort style pool.
SPRINGDALE GLEN
Location: Clarkston, GA
Units count: 276
Start date: January 2019
Avg unit size: 1,238
Springdale Glen is located in Clarkston, immediately adjacent to Highway 78 and benefits from easy access to all major markets on the growing east side of Atlanta. Shelton McNally acquired the 276 unit property in January of 2019. Springdale Glen underwent renovations in 2012 and has been showing solid rent growth since that time. Shelton McNally is performing a new round of both in unit and property wide renovations to bring the complex up to modern high quality standards.
PAVILION AT LAKE HEARN
Location: Atlanta, GA
Building size: 240,000 SF
Start date: April 2019
The Pavilion at Lake Hearn is a two building 240,000 SF Medical Office complex situated at 1100 Lake Hearn Drive, adjacent to MARTA and the three major hospitals on “Pill Hill” – Emory St. Josephs, Northside Hospital and Eggleston CHOA. Shelton McNally is partnering with Pavilion Partners, LLC to masterplan the overall complex, execute major renovations to the existing buildings and construct a new 900 space parking facility. The goal is deliver a Class A Medical Office Complex in the heart of Atlanta’s largest hospital market.
