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Impact Awards


RANGEWATER ADDS HOUSING TO BURGEONING PART OF BELTLINE


RANGEWATER REAL ESTATE'S MAVERICK WINS ATLANTA MULTIFAMILY DEVELOPMENT OF THE
YEAR AWARD

RangeWater Real Estate's Maverick apartment complex in Atlanta won the CoStar
Impact Award for multifamily development of the year. (CoStar)

By Tony Wilbert
CoStar News

March 31, 2023 | 11:00 AM



As apartment developers flock to the Atlanta BeltLine's Eastside trail near the
landmark Ponce City Market development, a mere handful set their sights on its
Southside counterpart.

One of the developers who headed south along the 22-mile BeltLine was hometown
company RangeWater Real Estate. The company kicked off a multifamily project at
72 Milton Ave. in the Peoplestown neighborhood in 2021 and completed what would
become called Maverick last year.

The multifamily development is a sizable project with a total of 435 apartments
and townhouses on the BeltLine, a trail that traverses all quadrants of Atlanta
and attracts some 2 million visitors a year. Maverick was built on formerly
vacant land along the BeltLine’s Southside Trail corridor.

The multifamily development's addition of housing along the burgeoning Atlanta
BeltLine Southside Trail earned it the 2023 CoStar Impact Award for multifamily
development of the year in Atlanta, as judged by real estate professionals
familiar with the market.

The complex includes a clubhouse, a large pool and fitness center and a shaded
pavilion and green space overlooking D.H. Stanton Park, which is open to the
public. RangeWater also incorporated numerous feeder sidewalks into the project
design that provide residents direct access to the Atlanta Beltline.

Representing the RangeWater Real Estate team are from left to right, first row:
Simone Kinnebrew, Quentin Rucker, Jessica Restrepo, and Isaiah Roberts. Second
row from left to right: Kendrick Sellers, Kevin Carrillo, Nick Lyons and Elijah
Burks. (CoStar)

About the Project: Maverick contains 325 apartments and 110 townhouses that
range in size from studios up to four-bedroom multi-level residences. The Class
A rental project was designed to appeal to potential residents from graduate
students and young professionals to families and empty nesters.

What the Judges Said: "This type of property fits the Beltline area perfectly
and offers much-needed housing options to grow the area," Avison Young research
manager Sara Barnes said.

They Made it Happen: Brian Oates, executive managing director of development,
RangeWater Real Estate.


CoStar's Impact Awards highlight the commercial real estate transactions and
projects that have transformed their markets over the past year. The winners are
chosen by independent panels of industry professionals who work in the markets
they judge. Learn more about the awards here.


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