This Week's Atlanta Deal Sheet: Ben Hautt Leaves Stream To Launch New Firm
Ben Hautt, the long-serving executive managing director of Stream Realty Partners in Atlanta, has left to spearhead his own development firm.
Hautt departed the firm earlier this month after roughly two decades to found Robles Partners. At Robles, Hautt said he is eyeing new commercial development and adaptive reuse projects across the Southeast.
Hautt, 41, started at Stream immediately after graduating from college. But after his father died in November, Hautt said he felt compelled to start his own company.
“Where I have a lot of enjoyment is working on projects directly, adaptive reuse and development,” Hautt told Bisnow. “So it’s somewhere I wanted to spend 100% of my time
Hautt said the move came after consulting with his wife, Sarah, about the risks of venturing out on his own.
“I wish I could say there is a great spreadsheet breaking it all down, but a lot of it is intuition and gut feel,” he said. “You feel like you’re kind of jumping out of an airplane and hoping your parachute opens.”
Robles already has its first project lined up, a 100K SF adaptive reuse project focused on food and beverage in West Midtown. Hautt declined to disclose specifics of the project or the identity of his equity partner.
“It will be a unique concept that isn’t currently in the Atlanta market,” he said.
PERSONNEL
RangeWater Real Estate promoted Brett Boitano to the newly created position of managing director of enterprise services. Boitano is tasked with streamlining property management and focusing on corporate centralization efforts.
Boitano, who earned a Ph.D. from New York University in psychology and social intervention, previously served as RangeWater’s director of property management in the build-to-rent division.
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Continental Realty Corp. named Kia Buchanan as the general manager for The Shoppes at Webb Gin, a 329K SF lifestyle center in Snellville anchored by Sprouts Farmers Market and Barnes & Noble. Buchanan most recently served as a property manager for Highwoods Properties.
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The former in-house designer and project manager for Grady Health Systems, Ymani Mackey, has joined the architectural firm Dyer Brown as an interior designer. She is tasked with redesigning and reprogramming interiors for higher education institutions in Atlanta and improving the design of elder care facilities in the Northeast.
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Adam Willhite has joined Bull Realty as a real estate broker after a career as a physician recruiter. Willhite will focus on brokering single-tenant net-lease transactions and 1031 exchanges.
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Industry Real Estate Partners named Matt Parisi as vice president, tasked with brokering investment sales of office properties in the Southeast, the Atlanta Business Chronicle reported. Most recently, Parisi was vice president of Transwestern.
DEVELOPMENT
Jamestown’s first all-Georgia-grown mass timber project is now open at Ponce City Market.
Called 619 Ponce, the 115K SF, four-story office building at the corner of Ponce de Leon Avenue and Glen Iris Drive in the Old Fourth Ward neighborhood will be anchored by payroll company Sage, which took 57K SF, and an 18K SF Pottery Barn store on the ground floor. Amenities include an on-site daycare and medical facilities.
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Miami-based The Allen Morris Co. is seeking to develop 575K SF of offices at its planned 1060 Donald Lee Hollowell Parkway project in the Bankhead neighborhood, according to an application filed with the Georgia Department of Community Affairs. Allen Morris also plans 125K SF of retail, with the entire project slated to deliver in 2031, according to the development of regional impact application.
This proposal follows an application Allen Morris submitted last month to the city of Atlanta that would permit the firm to develop 1,600 residential units on the 15.5-acre parcel. That application only says the developer planned 700K SF of commercial space.
FINANCING
BWE secured an $8.4M Freddie Mac, tax-exempt loan for a newly built project called The Village at Stone Mountain. The 118-unit, age-restricted apartment complex is geared to renters earning 60% of the area median income, or households earning about $27K a year, and only for residents 55 and older. The loan matures in 15 years.
BWE Executive Vice President Jon Killough and Vice President John Roberts originated the loan. Florida-based The Gateway Cos. is the registered owner of Village, according to Dekalb County property records.
