Vista Residential Partners announce their latest Master Development, Reeves Creek Vista, which will deliver over 1,300 units to the area.
Vista has purchased 292 Acres on Flippen Road in Stockbridge, GA. The land was successfully rezoned in 2019 to allow for a variety of uses including multifamily, detached single-family, townhomes, and senior living. In addition, there is additional acreage that is slated for a regional convention center, suburban office, limited-services hotels, and interstate billboards.
Reeves Creek Vista is well located in proximity to Hartsfield-Jackson International Airport, Downtown Atlanta, as well as the burgeoning Henry County employment Sector. Residents of Reeves Creek will benefit from great access to I-75 and I-675, which provides rapid access to employment and amenities in Stockbridge, McDonough, and Downtown Atlanta, a plethora of retail, restaurant, and grocery options within 5-10 minutes in all directions including Kroger, Ingles, Walmart, Aldi, and Publix anchored centers, and excellent access to outdoor amenities such as the Lake Spivey recreational area, Clayton County International Park which was the 1996 Olympic Beach Volleyball venue, and Memorial Park, which is connected to the site by Reeve’s Creek Trail.
The project will be completed in multiple phases, the first being multifamily. Vista intends to deliver 900 multifamily units, 100 townhomes, and 230 single-family homes over the course of the project.
This development will continue Vista’s strategy of developing high-quality, workforce housing that can meet the needs and budgets of the growing middle-income demographic. The company’s conservative strategy of assuming rents that do not exceed the aging, 15-20+ year old nearby competitors provide us with downside protection that is not common among many developers that project rents that exceed existing comps in the submarket.
Vista Residential Partners was formed in 2000 by Eduard de Guardiola – an industry veteran with over 30 years of experience in multi-family investment, development, and construction management, and has a distinguished history of creating significant value for its acquisitions and developments through strategic operational and capital improvements over its ownership period. The Principals of Vista have developed and completed over 31,000 units with a combined total value in excess of $5.7 Billion over the course of their careers.
With Regional offices throughout the Southeast, Mid Atlantic, and Southwest, Vista currently has over 5,000 units planned for development valued at over $1 Billion.
