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Armada Hoffler Properties investing in, developing $245M Atlanta project

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Armada Hoffler Properties investing in, developing $245M Atlanta project

Armada Hoffler Properties Inc. is investing in and leading the development of The Interlock mixed-use project in Atlanta's west Midtown neighborhood.

The company is investing in the office, retail, and apartment components of the approximately $245 million development, which is expected to offer 200,000 square feet of creative office space, 100,000 square feet of retail space and 345 apartment units. Armada is not investing in a 140-room boutique hotel and 70 single-family townhouses that are also planned for The Intelock.

Armada's investment comprises an up to $65 million of mezzanine loan on the commercial office and retail portions of the project and an up to $23 million mezzanine loan for the 345-unit Solis Interlock apartment community.

Armada Hoffler Construction Co. will serve as the general contractor for the office, retail, multifamily and hotel portions of The Interlock. Together, the guaranteed maximum price contracts for these portions will add $170 million to the third-party construction backlog.

Construction of the project has already started, and completion is set for late 2020.