The joint venture will redevelop the building into a Class A multi-family asset.
PLANO, TEXAS, UNITED STATES, Jan. 27, 2022 /EINPresswire.com/ — Texas real estate investors Kenny Wolfe, owner of Wolfe Investments, and Ike Bams & John Williams, co-founders of Bluelofts, have formed a joint venture to acquire and redevelop the Marietta office tower at 41 Marietta St. NW in downtown Atlanta into a Class A multi-family asset.
Wolfe Investments is a private equity real estate investment firm located in Plano, Texas. Established in 2012, the firm offers investment opportunities to sophisticated and accredited investors in four categories: multifamily, development, commercial real estate funds and hard money loans. From the beginning, Wolfe Investments has aligned its interests with those of its investors by investing alongside them in every offering. Today, the company is a diversified real estate investment firm with nationwide holdings and a growing team.
Built in 1976, Tower 41 Marietta Street LLC was formerly the Standard Federal Savings and Loan Building and is located between Georgia State University, Mercedes-Benz Stadium, and Grady Hospital. The 13-story office tower was designed by Atlanta architect, Tooms, Amisano and Wells – a firm that also worked on the original Lenox Square, Woodruff Memorial Arts Center and MARTA Peachtree Center station. Forty-One Marietta was seen by downtown Atlanta boosters as an opportunity for a mixed-use development with student housing or multi-family options.
Construction of 41 Marietta is now underway and when complete the new space will have 120 residential units with lounges, a post office and sales offices on the ground floor.
For more information about Wolfe Investments, please visit http://wolfe-investments.com/.
About Wolfe Investments
Founded in 2012, Wolfe Investments is a real estate investment firm dedicated to creating passive income for investors through a diverse portfolio of opportunities. The company has invested in over 7,000 units, with an impressive $450 million in assets currently under management.
About Bluelofts Inc.
Bluelofts INC co-founders Ike Bams and John Williams began their journey after their frustration with the lack of inventory in real estate fueled their desire to do something more: convert vacant space into housing.
Ike holds a degree in Mortgage Banking and pursued his thirst for knowledge through Harvard Business School Online and Cornel University. Together, this dynamic duo is on a mission to reuse old and derelict buildings to create economic benefits and spur positive change in the community.