Multifamily developer Gables purchases Cap Hill site from five sellers
Photos by Thomas Gounley)
A multifamily developer planning a second project in the Governor’s Park section of Cap Hill a hotspot for new apartments has purchased the land.
Atlanta-based Gables Residential closed last week on six parcels in the 700 block of North Sherman Street, which add up to 0.79 acres. There were five different sellers involved in the deal.
There are currently three buildings on the site: an office building at 770 Sherman St., and two homes, at least one of which has been converted for office use, at 758 and 760 N. Sherman St. The balance of the site is surface parking lots.