Goldman Sachs announces the successful closing of The Proctor, a new Class A community of 137 residential units, five live-work retail spaces, and six retail condos, developed by Windsor Stevens Holdings on the westside of Atlanta. This community will feature various living options, including studios, one-bedroom, and two-bedroom units strategically near major employment centers and dining establishments in West Midtown and a block away from the Westside Beltline Connector.

The Proctor is designating 30% of its units at rent affordable to households earning at or below 50% of the area median income (AMI).

“This marks a pivotal moment for Windsor Stevens as we celebrate the closing of the Proctor,” said Rod Mullice, managing partner at Windsor Stevens and a Liberty County native. “The introduction of this Class A property including vital affordable housing units, is a testament to our commitment to fostering inclusive communities.

“Everyone deserves a place to call home, and this development not only enhances our urban landscape but strengthens the fabric of our community.”

Goldman has contributed a $26.1 million construction loan through its Urban Investment Group to support this significant project. Joining Goldman as capital partners in the $55.6 million development are Basis Investment Group, Windsor Stevens Holdings, Atlanta Housing, InvestAtlanta and Atlanta Urban Development Corporation. The Proctor exemplifies effective interagency collaboration, achieved through extensive coordination with Atlanta Housing.

“The Proctor represents a significant step forward in our mission to create affordable housing solutions that enhance the quality of life for our communities,”said Josh Bahn, vice president of the Urban Investment Group at Goldman Sachs.

Windsor Stevens was advised on the transaction by Vivek Jagadish.