Kennedy Wilson, Shimizu Corp. partner on $139M multifamily build in Georgia

Kennedy Wilson and Shimizu Corp. have announced a $139 million partnership to develop the Caldwell project, a 382-unit luxury multifamily building in Sandy Springs, Georgia. This marks Kennedy Wilson's first ground-up development in the state, transforming a former post office site into a residential community aimed at addressing housing demand in a high-growth area. The project underscores the ongoing trend of investment in multifamily developments in desirable urban markets, which may impact affordable housing operators and compliance teams as they navigate evolving market dynamics.