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Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia

KW
  • Kennedy Wilson partnered with Shimizu Corporation to develop Caldwell, a 382-unit luxury multifamily community in Sandy Springs, Georgia.
  • The project represents Kennedy Wilson's first ground-up multifamily development in Georgia & its first partnership with Shimizu.
  • Kennedy Wilson acquired the 6.9-acre former UPS office site in late 2025 & began demolition this summer.
  • Located at 35 Glenlake Parkway NE, the five-story community will feature residences averaging 937 square feet & over 17,500 square feet of amenities.
  • The approximately $139 million development is expected to welcome its first residents in 2028.
  • New South Construction will serve as the general contractor, Dynamik Design as the architect, & PEC+ as the civil engineer.
  • The site is situated in a submarket with limited new multifamily supply & strong employment growth.
  • This venture aligns with Kennedy Wilson's strategy to expand its multifamily platform in high-growth markets.