Lofts at Hamilton
Lofts at Hamilton - Dalton, GA
Luxury 1, 2, & 3 Bedroom Units adjacent to regional acute-care hospital
The Lofts at Hamilton project in Dalton addresses the city's significant population growth and lack of apartment development, leveraging a partnership with Hamilton Health Care to create a strategically located, financially viable housing solution that supports local workforce development and talent retention.
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Why Dalton?
Dalton has seen tremendous growth in the 21st century, with the population increasing nearly 50% over the last 25 years. Despite this growth, there has been a lack of apartment development which created an imbalance between supply and demand in a growing market.
This fact – coupled with a stable employment base that is anchored by the textile and manufacturing industries – presented an attractive market for investment.
Project Overview
Lofts at Hamilton is a partnership between AREY and Hamilton Health Care, a 262-bed regional acute-care hospital that is 4 blocks from the property. The hospital has preferred leasing status for the units which provides the property with a captive renter base and assists the hospital in workforce development, talent acquisition and talent retention.
The project is structured as a ground-lease on land owned by Hamilton Health Care, thereby creating alignment between project stakeholders. Furthermore, the City provided incentives to make the project financially viable.
Site/Market Overview
- Adjacent to a high concentration of doctor’s offices and 4 blocks from Hamilton Health Care.
- Less than 2 miles from numerous manufacturing employers, including Flexstar Packaging, Techniplas, MFG Chemical and Advanced Color Technologies.
- Approximately 30 minutes from downtown Chattanooga.
- 5-minute drive from I-75 and Downtown Dalton
- Increasing population: 50% since 2000