The Haven of Athens Monthly Progress

The Haven of Athens is the newest student housing community serving college students in Athens, Georgia. The Haven of Athens will offer unique, state of the art amenities for its residents, both inside and outside of multi-bedroom, stylistic cottages. Scroll down to read and view the latest progress on the project.

January 2020

Dear Investors:

SCG is pleased to report the progress on The Heaven of Athens site for December 2019. As of Dec 31st, 2019, construction is going well, despite a very wet month in George.

As of early January 2020, we are happy to report the following project progress:  

  • Footings are completed for 33 out of the 69 units.
  • Slab work is completed for 29 out of the 69 units.
  • Framing is complete for 5 out of the 69 units, with an additional 12 units started (see the images below).
  • The rough-in for the mechanical, electrical, and plumbing has been started for 3 out of the 69 units.
  • Sanitary sewer installation is 95% complete for the site.
  • Storm sewer installation is 75% complete for the site.
  • The grading 70% complete for the site.

To the more important task of leasing, December was predictably slow, with approximately 20% leased with $0 in rent concessions based on our proforma. The students will return on January 7th, 2020, and in anticipation of a busy month, we have increased our advertising through radio ads, billboards, social media presence, and direct mail.

Check this page for monthly updates or fill out the “Contact Us” form below, and we will send you the numbers monthly.

Build and Budget Schedule

Each month we’ll update the construction schedule and budget, with start, committed, forecast and finished dates and numbers.

Contact Us

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Have a Question or want just the Numbers?

If you have any questions, please fill out the contact form and we'll get back to you soon. If you would like to skip checking the website for updates and get the numbers sent to you, write "send me the numbers" in the message box and we will send you a spreadsheet monthly.