Innovative Wood-Based Rental Housing Project Launched in Atlanta Area

A New Dawn for Sustainable Housing: RENDER Tucker Project

In a commendable effort to merge sustainability with modern living, Crescent Communities, LLC, a subsidiary of Sumitomo Forestry, has teamed up with Chuo-Nittochi Co., Ltd. to develop a unique rental housing project, "RENDER Tucker," located near Atlanta, Georgia. Set to complete by April 2028, this ambitious development will encompass 312 rental units across six residential buildings, showcasing the potential of wooden construction in reducing carbon emissions while balancing cost-effectiveness.

Overview of RENDER Tucker

Spanning approximately 13 acres (or 52,600 m²), the RENDER Tucker project will comprise a total floor area of 27,371 m² designed to offer a serene living environment. This community will include landscaped gardens and green spaces, allowing residents to experience nature within a tranquil setting. In addition, the project will feature communal facilities such as co-working spaces, fitness centers, and a swimming pool to enhance the living experience.

The use of wood-frame construction, utilizing 2x4 lumber, significantly minimizes costs compared to reinforced concrete structures. Traditionally, wooden buildings are recognized for their lower embodied carbon emissions during construction. Moreover, wood not only stores the carbon it absorbs but also continues to secure it over time, reinforcing the project's commitment to decarbonization and environmental sustainability.

Crescent Communities' RENDER brand is designed with a focus on efficiency and high-quality amenities, blending functionality with aesthetic appeal. By standardizing designs while incorporating local characteristics, this initiative aims to create communities that harmonize with their surrounding environments.

Prime Location Benefits

The RENDER Tucker project sits conveniently in Tucker, GA, just 2 minutes from the I-285 highway and approximately 6 minutes from I-85, offering excellent transportation links. The downtown Atlanta area is only around 35 minutes away by car, and Hartsfield-Jackson Atlanta International Airport, the busiest airport globally, is about 40 minutes from the site. Additionally, the area is close to major employment centers in Atlanta and Sandy Springs, ensuring residents enjoy abundant shopping options and easy access to essential services.

Background of the Collaboration

This collaboration marks the eighth project between Sumitomo Forestry Group and Chuo-Nittochi, following successful developments in various cities, including Washington D.C., Denver, Seattle, Boston, and Charlotte. The project is spearheaded by Crescent Communities, led by CEO Brian Natwick, in partnership with Chuo-Nittochi’s investment venture, Chuo-Nittochi I LLC. Sumitomo Forestry Asset Management Co., Ltd., another subsidiary, plays a pivotal role in coordinating and managing this initiative.

Since its entry into the U.S. real estate market in 2017, Sumitomo Forestry has made significant strides, with a projection of 5,344 rental units set to commence construction in 2024—establishing itself as the fourth-largest multifamily housing developer in the country. For Chuo-Nittochi, the partnership aligns with its objectives to strengthen international operations and expand its global footprint.

Future Directions

Sumitomo Forestry Group is committed to a range of activities related to forest management, wood materials production, housing construction, and real estate development, all rooted in sustainable practices. The company’s long-term vision, "Mission TREEING 2030," emphasizes the enhancement of carbon absorption through forestry management and the promotion of wooden constructions that maintain long-term carbon storage. As such, plans are in place to accelerate decarbonization efforts in the U.S. as part of its evolving global development strategy.

Chuo-Nittochi Group, a comprehensive real estate firm operating across various segments such as urban development, housing, and overseas business, is also intensifying its overseas initiatives, including investments in real estate development and renewable energy sectors in the U.S. A new office will open in San Francisco in October 2024, further underlining the group's intent to foster harmonious community development in tune with environmental considerations.

Project Summary

- Name: RENDER Tucker
- Location: 2059 Northlake Pkwy, Tucker, GA
- Rental Area: 27,371 m² (294,624 sq. ft.)
- Building Structure: 6 residential buildings / 1 communal facility, made of wood
- Start of Construction: January 2026
- Completion: April 2028

About Crescent Communities, LLC

Founded in 1990 and a wholly-owned subsidiary of Sumitomo Forestry since July 2018, Crescent Communities has a portfolio that spans various urban areas across the Southeastern and Southwestern United States, focusing on residential and commercial developments. The introduction of the RENDER brand has seen six successful developments primarily in suburban areas.

- Corporate Website: Crescent Communities

About Sumitomo Forestry Asset Management Co., Ltd.

Established in November 2020, this organization provides fund management and investment advisory services in conjunction with the Sumitomo Forestry Group.