Midtown Union’s Mira apartment complex reaches the top
News and research before you hear about it on CNBC and others. Claim your 1-week free trial for StreetInsider Premium here.
Luxury high-rise apartments plan to start renting in summer 2022
ATLANTA – (BUSINESS WIRE) – MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc. (NYSE: MET), in partnership with StreetLights Residential, a developer focused on community design multi-family and mixed-use, is pleased to announce the completion of the luxury apartment complex, the Mira, in Midtown Union in Atlanta, GA. Part of Midtown Union’s mixed-use development, the Mira will consist of 355 units spread over 26 floors. Construction began in November 2019 and the apartments are expected to start renting in mid-2022.
Robert Merck, Global Head of Real Estate and Agriculture at MetLife Investment Management, said: “As one of the most significant recent developments in Atlanta, Midtown Union will play a key role in the creation of an even more dynamic local community. We are delighted to have taken another important step in a historic project that creates jobs and economic growth for the city and the state.
“Getting to the top of the tower on time is an important milestone, and we look forward to opening this great project next year and welcoming the residents,” said Rob DeBruin, president of construction for StreetLights. “Atlanta, especially Midtown, has grown exponentially over the past few years, and we are excited to be working with MetLife Investment Management to deliver a luxury product to the growing community. ”
Midtown Union is a mixed-use development and is expected to include a 612,000 square foot Class A office building developed by MetLife Investment Management and Granite Properties, a 230 key hotel in Kimpton with over 5,400 square feet of office space. meeting developed by MetLife Investment Management and AMS Hospitality and a pedestrian-friendly central hallway providing access to over 32,000 square feet of street-level retail space, as well as the Mira in Midtown Union. Thanks to the Mira’s highly desirable location in Midtown Union, residents will have access to the Arts District which is home to the Atlanta Symphony Orchestra, High Museum of Art, Alliance Theater, Museum of Design Atlanta (MODA) and SCAD Atlanta. Midtown Union has 50 restaurants within a half-mile radius and offers incredible access to the city through the adjacent Arts Center Marta Station.
Residents will have the choice of a studio or a one, two or three bedroom floor plan, ranging in size from 496 to 1,731 square feet. Plenty of luxury amenities are provided, including concierge services, a coffee bar, resident bar and lounge, conference and co-working spaces, a pet spa and an outdoor terrace with swimming pool, seating. and grill stations overlooking Midtown Atlanta.
Cooper Carry is the reference architect and interior designer of Mira in Midtown Union. Brasfield and Gorrie is the general contractor.
MetLife Investment Management’s commercial real estate platform includes equity and debt issuance and asset management capabilities across 13 offices in the US and international markets including UK, Japan, in Korea, Chile and Mexico. MIM’s real estate equity strategies include core, core-plus, build-to-core, value-added and opportunist. MIM’s total commercial real estate assets under management reached $ 106.6 billion in gross market value as of June 30, 20211.
About MetLife Investment Management
MetLife Investment Management, the institutional asset management business of MetLife, Inc. (NYSE: MET), is a global manager of fixed income, private equity and real estate investments providing tailored investment solutions to institutional investors around the world. MetLife Investment Management offers public and private pension plans, insurance companies, endowments, funds and other institutional clients a range of tailor-made investment and financing solutions that aim to achieve a range long-term investment goals and risk-adjusted returns over time. MetLife Investment Management has over 150 years of investment experience and, as of June 30, 2021, total assets under management of $ 666.7 billion. 2.
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (MetLife), is one of the world’s leading financial services companies. . Founded in 1868, MetLife operates in more than 40 markets around the world and occupies leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
About StreetLights Residential
StreetLights Residential specializes in new urban residences and mixed-use developments. With in-house development, design and construction expertise, the StreetLights team focuses on personalized luxury communities that rival the experience, lifestyle and amenities of living in an urban boutique hotel. . StreetLights has numerous urban infill projects across the country with more than 13,000 multi-family units completed, underway or planned in 11 cities across six states. Since StreetLights’ inception in 2011, the company has more than 150 employees in its development and construction companies and has offices in Dallas, Atlanta, Orlando, Phoenix and San Diego. For more information, visit www.streetlightsres.com.
Forward-looking statements contained in this press release, such as “expected”, “go”, “,”, “describes MetLife, Inc. in its filings with the United States Securities and Exchange Commission. MetLife’s future results may differ, and it has no obligation to correct or update any of these statements.
1 As of June 30, 2021. At estimated fair value. Represents the value of all commercial mortgages and real estate equity managed by MIM, presented on a gross market value basis (including encumbered debt).
2 Total Assets Under Management includes all of MetLife’s general and segregated account assets and unaffiliated / third party assets, at estimated fair value, managed by MIM.
For the media:
Source: MetLife Investment Management (MIM)