Real Estate Principal Transactions
THE VILLAGE FESTIVAL
Key Points
• parking
• cars
• roof
Univest Holdings led the acquisition of the Crabapple Square shopping center in 2000 for the purpose of redeveloping the retail site now known as, The Village Festival. The property is located at the intersection of Crossville Road and Crabapple Road in Roswell, Georgia. Univest Holdings executed a redevelopment plan which encompassed renovating the existing 48,000 sq. ft. of retail while transforming the site plan layout to create four additional out parcels. Development of the out parcels added an additional 32,000 sq. ft. of retail, office, and restaurant space to the site. The Village Festival has become Univest Holdings’ flagship suburban revitalization project and an integral part of the Roswell community. In October 2005, the partnership capitalized on its value enhancement and sold the center to a real estate investment group out of California.
THE VILLAGE PARK
In April 2005, Univest Holdings partnered with Landmark Properties to acquire 15 acres of land for the development of an upscale mixed-use community. Located in Athens, GA at the intersection of Epps Bridge Parkway (316) and Timothy Road, the project will encompass single family cottages, town homes, condominium flats, and two office buildings with an emphasis on green space and unique architectural detail. Homes in the Village Park are expected to be available in 2006.
FIREFLY MOUNTAIN
In April 2006, Univest Holdings led a team to acquire 272 acres of land in Asheville. NC, located in Madison County near the quaint town of Hot Springs for the purpose of developing a first class mountaintop community now known as, Firefly Mountain. Designed by Chimney Rock Design Studio, this +-90 home site development will offer mid to long-range mountaintop views in a park like setting, a full range of amenities, and close proximity to the big city culture of Asheville, NC. For more information visit the Firefly Mountain web site by.
ROXY THEATRE BLOCK
Nestled at the intersection of Roswell Road, West Paces Ferry and Peachtree Road, in the heart of Buckhead, the Roxy Theatre has been an icon to many a bygone generation before Atlanta and Buckhead became the thriving commerce centers they are today. In January 1997, Univest Holdings partnered with Cartel Realty and acquired this landmark property. The main and main location, the high-rise residential development opportunity, and the purchase price created immediate value. The property houses the famous Roxy Theatre, as well as several high end home furnishing and clothing stores, restaurants, loft offices, and is considered a premier piece of real estate in the Southeast United States. In November 2004, the partnership capitalized on its value enhancement and sold the center to a local Buckhead developer.
THE SHOPS @ 3005
In October 1996, Univest Holdings partnered with Cartel Realty and acquired the former Nations Bank Building (former C & S Bank Trust Division and Branch) located at the well known Atlanta intersection of Peachtree Road and Pharr Road. The partnership was able to create exceptional value by redeveloping and repositioning the property as an upscale mixed-use development on Peachtree Road. In January 2006, the partnership capitalized on its value enhancement and sold the center to a local real estate developer.
ORCHID BAY
In December 2004, Univest Holdings acquired 9 acres of land in North Topsail Beach, North Carolina, located 45 minutes north of Wilmington and Wrightsville Beach, for the purpose of rezoning the land & developing exclusive residential homes now known as, Orchid Bay. Designed by Charles Riggs & Mckim & Creed, this 18 unit oceanfront community will offer a new standard to North Topsail Beach with spectacular views of the Atlantic Ocean and the Intracoastal Waterway, as well as a full range of services and amenities. CLICK HERE to view the Orchid Bay Site Plan
FORSYTH NORTH
In March 2000, Univest Holdings partnered with Cartel Realty and acquired a six-acre tract on Alpharetta Highway (Hwy 9) north of McFarland Road in Forsyth County, Georgia – the second fastest growing county in the United States. The land is currently being warehoused with a temporary land lease while positioning the out parcel for future development. The site is located at the center of a rapidly developing commercial real estate corridor with excellent demographics.