Biz bits: Allen Morris receives construction loan, Alair Homes Decatur wins regional awards – Decaturish
Atlanta, Georgia— Here is an overview of the economic news of our community.
– The Allen Morris Company secured a $64 million construction loan for Bryn House in January.
The project will be a five-story, 337-unit, mixed-use luxury residential building that will feature approximately 575,000 buildable square feet with a parking deck and ground-level retail, according to a press release.
According to Urbanize Atlanta, the project is located in the 2400 block of North Druid Hills Road, adjacent to a shopping district anchored by Target.
The loan was provided by Truist and PNC. The community under construction has an estimated completion in the spring of 2023.
“We are very pleased to partner with Truist and PNC in financing this exceptional project,” said Spencer Morris, Chief Investment Officer of Allen Morris Company. “With the expansion of the Emory & CHOA Medical Campuses, the North Druid Hills Corridor is poised to become a world-class medical and bioresearch center. Therefore, we believe there is a distinct need for high quality rental housing in the neighborhood that is currently unmet.
The multi-faceted Allen Morris company has several projects in the greater Atlanta area, Central Florida and South Florida, and is currently exploring new opportunities in the Southeast.
— Alair Homes Decatur received three Regional Contractor of the Year awards from the National Association of the Remodeling Industry.
Alair Decatur’s three winning projects will now be entered into the National Entrepreneur of the Year Awards competition.
Here is the full press release:
DECATUR, GA – Alair Homes Decatur (www.alairhomes.com/decatur), a partner of Alair Homes North Georgia, has just received three regional CotY (Contractor of the Year) awards by NARI (National Association of the Remodeling Industry, www.nari.org). Projects were selected from hundreds of entries and judged against projects completed throughout the Southeast. Alair Decatur’s three winning projects will now be entered into the national CotY Awards competition. The three winning entries came from a beautiful 100-plus-year-old home renovation in Atlanta’s historic Midtown neighborhood.
The Regional CotY Prizes were awarded for:
– Residential interior $250,001 to $500,000
– Residential exterior $50,000 to $100,000
–Residential Interior Element under $30,000,
Interior and exterior: While the house, originally built in 1910, was unrivaled for its location and potential, it lacked a proper master suite, modern and welcoming kitchen, upgraded bathrooms and guest bedroom. guests. Alair Decatur has honored the beauty and history of the home by retaining the original door hardware, front door, original staircase, three original fireplaces, and original layout (with Some modifications). New materials for the bathrooms and kitchens perfectly accentuate the historic charm of the house, and an updated laundry room and guest suite have been added. Outside, a historically appropriate second-story covered porch at the front of the house enhances the curb appeal of the house and adds much-needed space for the family to enjoy. What was once a potential dismantling is now a
Residential element: The new butler’s pantry is a must-see, with deep blue cabinetry, antique mirror tiles and stained glass that were originally used in one of the house’s old bathrooms . Open shelving provides the perfect place to display crystal barware, while cabinets and drawers provide additional storage space, including a glass-fronted wine cellar.
In a letter to Alair Decatur partners Heather Shuster and Ken Carter, NARI Program Manager Cindy Foley said, “Winning a CotY award is a distinguished honor, and you have joined the ranks of the best in the remodeling industry!The past year has been a particularly difficult one for our members, but we received 410 applications worth over $116 million in project costs, and your project stood out as the best in your category and your region!”
Alair Decatur is a partner of Alair Homes North Georgia and part of the largest and fastest growing premium construction management franchise in North America. Alair North Georgia has a long history of NARI support and involvement. David Michelson, partner of Alair Decatur, is currently president of NARI Atlanta, while Dale Contant, partner of Alair Marietta, is a past president of NARI Atlanta, national president of NARI and two-time chairman of the national board of directors of NARI.
– Meta announced that Kyra’s Shea Medleys and two other black-owned businesses in Atlanta were among 10 businesses that will receive advertising credits and creative support through a new program.
The program aims to provide thousands of dollars in advertising credits and creative support under a new program that aims to help businesses survive the ongoing COVID-19 pandemic.
Decatur resident Kyra Young started her company to provide versatile beauty products designed for all women. Its product line includes oils, conditioners, scrubs and butters. Young is the first in her family to start a business and was featured on Good Morning America.
In addition to $10,000 in advertising credits, under the program, Young will receive:
– Six weeks of one-on-one marketing mentorship with Meta Elevate to learn how to create effective marketing campaigns on Facebook and Instagram, and
– A scholarship for Meta Blueprint’s Digital Marketing Skills Certificate to deepen the skills they need to succeed.
Meta COO Sheryl Sandberg and Grammy Award-winning artist Ciara announced their partnership last fall and called on Black-owned businesses to apply for the program .
– DeKalb County Schools and Atlanta Public Schools recently received thousands of face masks from Emory Healthcare.
Here is the full announcement:
ATLANTA — As cases of COVID-19 continue to surface in the Atlanta metro area, protecting school children, teachers and staff during in-person classroom learning remains a top priority. To help, Emory Healthcare provided thousands of high-quality face masks to the DeKalb County School District and Atlanta Public Schools, following a generous donation to Emory Healthcare.
San Francisco-based Vogmask donated 10,000 masks to Emory Healthcare as part of its program to provide highly effective, reusable consumer masks to communities that may not otherwise have access to them. Emory Healthcare, in turn, has worked with its community partners to distribute protective masks to those who need them most. Several mask sizes have been donated so that everyone can receive well-fitting face masks, especially younger students.
“We are so grateful for this gracious donation from Vogmask, which helps support schools in our community and maintain a safe learning environment,” said Jonathan S. Lewin, MD, CEO of Emory Healthcare. “As our community continues to fight COVID-19, we know this donation will make a difference for students, teachers and school staff.”
Ten elementary schools in the DeKalb County School District received Vogmask face masks. Atlanta Public Schools also received donated masks to provide to students, teachers and staff.
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