{"id":998918,"date":"2026-08-31T06:03:13","date_gmt":"2026-08-31T10:03:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\/"},"modified":"2026-08-31T06:03:13","modified_gmt":"2026-08-31T10:03:13","slug":"kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\/","title":{"rendered":"Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia<\/b><\/p>\n<p class=\"bwalignc\"><i>Project marks Kennedy Wilson&#8217;s first ground-up multifamily development in Georgia and first partnership with Shimizu Corporation<\/i><\/p>\n<p>BEVERLY HILLS, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nKennedy Wilson, a global real estate investment company, has partnered with Shimizu Corporation to develop Caldwell, a 382-unit luxury multifamily community in Sandy Springs, Georgia. The project marks Kennedy Wilson&#8217;s first multifamily development in Georgia and the first partnership between the two firms. Kennedy Wilson acquired the 6.9-acre site that housed a former UPS office in late 2025 and began demolition this summer.<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20260831480003\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260831480003\/en\/<\/a><\/p>\n<div id=\"bwbodyimg\" style=\"width: 480px;float:left;padding-left:0px;padding-right:20px;padding-top:0px;padding-bottom:0px\"><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260831480003\/en\/2884585\/4\/1516_Caldwell_Kennedy_Wilson_Street_Level_D3_no_watermark.jpg\" alt=\"Caldwell\" \/><\/p>\n<p style=\"font-size:85%\">Caldwell<\/p>\n<\/div>\n<p>\nLocated at 35 Glenlake Parkway NE, the project will redevelop the office property into a five-story luxury residential community in one of Metro Atlanta&#8217;s most desirable submarkets. The community will feature 382 residences averaging 937 square feet, more than 17,500 square feet of indoor and outdoor amenities, and convenient access to Atlanta&#8217;s major employment centers, retail destinations and transportation corridors.<\/p>\n<p>\n&#8220;Our acquisition of Caldwell is an exciting milestone for Kennedy Wilson as we expand our multifamily development platform in Georgia and establish our first partnership with Shimizu,&#8221; said John McCullough, President, Multifamily Development Group at Kennedy Wilson. &#8220;Caldwell offers exceptional long-term fundamentals, driven by strong employment growth and an affluent resident base with limited new multifamily supply. By transforming an underused office site into a thoughtfully designed residential community, we are maximizing the utility of the land and creating much-needed housing in one of Atlanta&#8217;s most desirable metros.&#8221;<\/p>\n<p>\n\u201cWe\u2019re incredibly proud to begin our first partnership with Shimizu. What makes this venture especially meaningful is the friendship and trust we\u2019ve built along the way, and we\u2019re honored to be their partner and steward of this investment,\u201d said Robert Miyajima, Senior Vice President at Kennedy Wilson. \u201cWe look forward to growing together for many years to come, both through this partnership and Kennedy Wilson\u2019s broader commitment to Japan.\u201d<\/p>\n<p>\n&#8220;Caldwell represents an exciting opportunity for Shimizu to expand its presence in the U.S. and provide high-quality residential solutions,&#8221; said Satoshi Arai, President of Shimizu Realty Development (U.S.A.), Inc. &#8220;We value this inaugural partnership with Kennedy Wilson, leveraging their proven expertise in identifying and capitalizing on the potential of high-growth markets like Sandy Springs. By developing a high-quality residential community, we are creating meaningful value for the local community\u200b. We believe that this project will be a significant addition to the neighborhood and is well-positioned to thrive.&#8221;<\/p>\n<p>\nThe development underscores Kennedy Wilson&#8217;s continued focus on expanding its multifamily platform in high-growth markets with strong long-term fundamentals. Sandy Springs has experienced significantly less multifamily supply growth than the broader Atlanta metropolitan area in recent years, supporting sustained rental demand and reinforcing the area&#8217;s long-term investment appeal.<\/p>\n<p>\nThe approximately $139 million development is expected to welcome its first residents in 2028. New South Construction will serve as general contractor, Dynamik Design as architect and PEC+ as civil engineer.<\/p>\n<p><b><span class=\"bwuline\">About Kennedy Wilson<\/span><\/b><\/p>\n<p>\nKennedy Wilson is a leading real estate investment company with $38 billion of assets under management in high growth markets across the United States, the UK and Ireland. Drawing on decades of experience, its relationship-oriented team excels at identifying opportunities and building value through market cycles, closing more than $70 billion in total transactions since 2009. Kennedy Wilson owns, operates, and builds real estate within its high-quality, core real estate portfolio and through its investment management platform, where the company targets opportunistic equity and debt investments alongside partners. For further information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.kennedywilson.com%2F&amp;esheet=54595842&amp;newsitemid=20260831480003&amp;lan=en-US&amp;anchor=www.kennedywilson.com&amp;index=1&amp;md5=15410129835c15f940e9d6c255ca1a0c\">www.kennedywilson.com<\/a>.<\/p>\n<p><b><span class=\"bwuline\">About Shimizu Corporation<\/span><\/b><\/p>\n<p>\nShimizu Corporation is a leading Japanese general construction firm with a rich history dating back to 1804. The company operates globally across a wide range of business segments, including architecture, civil engineering, and real estate development. Committed to sustainable building solutions and innovation, Shimizu leverages its deep-rooted expertise and advanced technological capabilities to deliver high-quality projects worldwide. For further information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.shimz.co.jp%2Fen%2F&amp;esheet=54595842&amp;newsitemid=20260831480003&amp;lan=en-US&amp;anchor=www.shimz.co.jp%2Fen%2F&amp;index=2&amp;md5=1559d9184e2a3bfe33fa26a67e83980c\">www.shimz.co.jp\/en\/<\/a>.<\/p>\n<p><span class=\"bwuline\">Special Note Regarding Forward-Looking Statements<\/span><\/p>\n<p>\nStatements in this press release that are not historical facts are \u201cforward-looking statements\u201d within the meaning of U.S. federal securities laws. These forward-looking statements are estimates that reflect our management\u2019s current expectations, are based on our current estimates, expectations, forecasts, projections and assumptions that may prove to be inaccurate and involve known and unknown risks. Accordingly, our actual results, performance or achievement, or industry results, may differ materially and adversely from the results, performance or achievement, or industry results, expressed or implied by these forward-looking statements, including for reasons that are beyond our control. Some of the forward-looking statements may be identified by words like \u201cbelieves\u201d, \u201cexpects\u201d, \u201canticipates\u201d, \u201cestimates\u201d, \u201cplans\u201d, \u201cintends\u201d, \u201cprojects\u201d, \u201cindicates\u201d, \u201ccould\u201d, \u201cmay\u201d and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. We assume no duty to update the forward-looking statements, except as may be required by law.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260831480003r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260831480003\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260831480003\/en\/<\/a><\/span><\/p>\n<p>\nEmily Heidt<br \/>\n<br \/>Managing Director, Communications<br \/>\n<br \/>+1 (310) 887-3499<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:eheidt@kennedywilson.com\">eheidt@kennedywilson.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> California Georgia United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Residential Building &amp; Real Estate Construction &amp; Property REIT<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Photo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260831480003\/en\/2884585\/3\/1516_Caldwell_Kennedy_Wilson_Street_Level_D3_no_watermark.jpg\" alt=\"Photo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\">Caldwell<\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260831480003\/en\/234274\/3\/KWlogo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia Project marks Kennedy Wilson&#8217;s first ground-up multifamily development in Georgia and first partnership with Shimizu Corporation BEVERLY HILLS, Calif.&#8211;(BUSINESS WIRE)&#8211; Kennedy Wilson, a global real estate investment company, has partnered with Shimizu Corporation to develop Caldwell, a 382-unit luxury multifamily community in Sandy Springs, Georgia. The project marks Kennedy Wilson&#8217;s first multifamily development in Georgia and the first partnership between the two firms. Kennedy Wilson acquired the 6.9-acre site that housed a former UPS office in late 2025 and began demolition this summer. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260831480003\/en\/ Caldwell Located at 35 Glenlake Parkway NE, the project will redevelop the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-998918","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia Project marks Kennedy Wilson&#8217;s first ground-up multifamily development in Georgia and first partnership with Shimizu Corporation BEVERLY HILLS, Calif.&#8211;(BUSINESS WIRE)&#8211; Kennedy Wilson, a global real estate investment company, has partnered with Shimizu Corporation to develop Caldwell, a 382-unit luxury multifamily community in Sandy Springs, Georgia. The project marks Kennedy Wilson&#8217;s first multifamily development in Georgia and the first partnership between the two firms. Kennedy Wilson acquired the 6.9-acre site that housed a former UPS office in late 2025 and began demolition this summer. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260831480003\/en\/ Caldwell Located at 35 Glenlake Parkway NE, the project will redevelop the &hellip; Continue reading &quot;Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-31T10:03:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mms.businesswire.com\/media\/20260831480003\/en\/2884585\/4\/1516_Caldwell_Kennedy_Wilson_Street_Level_D3_no_watermark.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia\",\"datePublished\":\"2026-08-31T10:03:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\\\/\"},\"wordCount\":889,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mms.businesswire.com\\\/media\\\/20260831480003\\\/en\\\/2884585\\\/4\\\/1516_Caldwell_Kennedy_Wilson_Street_Level_D3_no_watermark.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\\\/\",\"name\":\"Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia - 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The project marks Kennedy Wilson&#8217;s first multifamily development in Georgia and the first partnership between the two firms. Kennedy Wilson acquired the 6.9-acre site that housed a former UPS office in late 2025 and began demolition this summer. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20260831480003\/en\/ Caldwell Located at 35 Glenlake Parkway NE, the project will redevelop the &hellip; Continue reading \"Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\/","og_site_name":"Market Newsdesk","article_published_time":"2026-08-31T10:03:13+00:00","og_image":[{"url":"https:\/\/mms.businesswire.com\/media\/20260831480003\/en\/2884585\/4\/1516_Caldwell_Kennedy_Wilson_Street_Level_D3_no_watermark.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia","datePublished":"2026-08-31T10:03:13+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\/"},"wordCount":889,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\/#primaryimage"},"thumbnailUrl":"https:\/\/mms.businesswire.com\/media\/20260831480003\/en\/2884585\/4\/1516_Caldwell_Kennedy_Wilson_Street_Level_D3_no_watermark.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/kennedy-wilson-and-shimizu-corporation-partner-on-382-unit-multifamily-development-in-sandy-springs-georgia\/","name":"Kennedy Wilson and Shimizu Corporation Partner on 382-Unit Multifamily Development in Sandy Springs, Georgia - 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