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$2 Million Renovation Complete at Edgewater on Lanier Apartments

June 06, 2016

Gainesville, Ga. (June 6, 2016) – The $2 million renovation of Edgewater on Lanier Apartments, a waterfront community in Gainesville, is now complete. The apartments, located on Old Thompson Bridge Road in Gainesville, have beautiful new amenities including a large park overlooking the water, a renovated clubhouse and fitness center, a new children’s playroom, a meeting center, upgraded interiors and more.

“We believe the additions bring out the best in the apartment community, making it one of the most appealing in the area,” said Elia Zinn, General Partner with Edgewater’s owner, The Griffin Fund. The privately-held residential real estate investment firm acquired the 180-unit community in September 2014. “These renovations were geared towards providing our residents the ultimate on lakeside apartment living.”

The improvements include a spacious waterfront park on a terrace and a higher lookout patio featuring an unobstructed view of miles of water. The environmentally-friendly gathering area also has a gazebo, grilling area and new trees and landscaping. A beautifully-designed split staircase leads to the new park on one side, and the resort-style pool, sundeck and cabanas on the other. A new dock offers short-term boat mooring for visitors, with direct access to the pool area. The new outside amenities will also include a children’s playground, dog playing area and dog spa, which are coming soon.

The newly-renovated 24-hour-access clubhouse has state-of-the-art fitness equipment, a lounge with Wi-Fi and a new business center – all overlooking Lake Lanier with wonderful views from the oversized windows. Renovations also include an updated laundry center that now opens into a newly added children’s playroom.

Interiors of the apartments are being renovated upon resident turnover. Changes include full kitchen upgrades, including new appliances and cabinets, as well as new flooring, luxurious paint schemes, backsplashes, lighting packages etc.

“We are proud to partner with Griffin Fund on renovating, leasing and managing Edgewater on Lanier,” said Stonemark President Walt Lamperski. “This is a beautiful property and we look forward to showing it off.”

A full grand opening is planned for June 11. For more information, visit www.edgewateronlanier.com.

About The Griffin Fund

The Griffin Fund is a privately-held real estate investment firm dedicated to acquiring and rehabilitating residential multifamily assets across the country. It specializes in the acquisition of value-add projects, seeking to add value through rigorous upgrade programs and significantly improved product offerings. Contact The Griffin Fund at info@griffin-fund.com.

About The Stonemark Group

The Stonemark Group focuses on the acquisition, financing, ownership, management and disposition of multifamily real estate investments in the Southeast, Texas and Virginia. The group includes Atlanta-based Stonemark Equities and Stonemark Management. For more information, visit www.stonemarkmanagementllc.com.

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