June 28, 2019 / General, Housing Development
VESTA Modular Helps Rebuild Historic Atlanta Neighborhood
VESTA Modular Helps Rebuild Historic Atlanta Neighborhood
Our team is proud to be a part of a major initiative by Invest Atlanta to revitalize the historic Westside neighborhood in downtown Atlanta. We are working with Place Properties, who won a bid to provide affordable housing in the once-proud area. With the addition of the new Mercedes-Benz Stadium just a few blocks away, Invest Atlanta is hoping to bring life back into the area.
Invest Atlanta’s mission is to advance Atlanta’s global competitiveness by growing a strong economy, building vibrant communities, and increasing economic prosperity for all Atlantans.
Place Properties is a large Atlanta based developer whose CEO, Cecil Phillips, is a fan of modular construction. When the opportunity arose, he reached out to VESTA as the modular contractor. VESTA, in turn, partnered with Norris Homes to provide the modules and Bartley Modular to provide site services for the modules. Oak Construction Group is handling the site work and foundation and The Westside Future Fund is providing all the financing for the homes.
On March 20th, our team completed the set of the first home, which is serving as the model unit. Approximately 70 people attended the event to watch the home being set. The truly exciting thing about the modular process is that merely a week after being set, we have a completely finished home ready for a new family.
“The goal of the project is to provide nice, affordable housing to the area so that people can afford to live close to where they work,” says Cecil Phillips. He continues, “Modular is the best way to accomplish that mission.” VESTA is proud to be a part of this effort and looks forward to providing many more attractive, affordable homes to the area.
For more information, please contact Kelly Williams at kwilliams@VESTAmodular.com or (865) 548-4739.
About VESTA Modular:
VESTA Modular (VESTA) is a portfolio company of Simon Group Holdings’ private equity growth fund Soaring Pine Capital, LLC, and offers turnkey permanent and temporary modular construction solutions for sale or lease across North America. Developed by a strong management team, VESTA brings a professional approach and unique perspective to its projects utilizing a greener, faster, and smarter way of building. THINKING BEYOND THE BOX is the company motto, emphasizing that the modular box is just a part of the overall project success. The company provides modular solutions, for sale or lease, to the educational, hospitality, multi-family, assisted the living, institutional, Government, healthcare, workforce housing, office, disaster recovery, and storage industries with an emphasis on quality, comfort, and safety. www.vestamodular.com
About Simon Group Holdings:
Simon Group Holdings (SGH) was created in 1985 with the founding of Atlas Oil Company by Sam Simon. SGH has 120 companies and direct investments, 3,000 customers and 1,000 employees. Its growth is fueled through digital disruption and by investing in operationally experienced entrepreneurs who have a vision and hunger to reinvent their respective industries. SGH has interests in comprehensive energy solutions; fuel supply; oil field services; logistics and transportation; real estate; private equity; technology services; aerospace and defense; and turnkey modular solutions. www.simongroupholdings.com
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