Haven Communities Breaks Floor on 350-Unit The Cove at Covington City Heart Market-Price Multifamily Group in Georgia

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Haven Communities Breaks Ground on 350-Unit The Cove at Covington Town Center Market-Rate Multifamily Community in Georgia

COVINGTON, GA – Haven Communities announced construction work on The Cove in downtown Covington has started. 350 Class A apartments on 24 acres will be delivered in mid-2022, representing the first new market-driven apartment development the area has seen since 2000.This large multi-family business is the master-planned 13-acre Covington town center and an indication of the thriving economic landscape of the region and its overall growth in terms of career prospects and population.

Haven Communities is excited to play an important role in Covington's continued growth and is excited to partner with Asia Capital Real Estate (ACRE) on this project. The financing is provided by IberiaBank and the Great Southern Bank.

"Working with the City of Covington and Newton County to bring this concept to life has been a pleasure," said Jay Williams, Founder and CEO of Haven Communities. "We recognized the need for new apartment buildings in this growing market and wanted to make sure our vision was 100% aligned with that of the community. We look forward to building a community that will set the standard for Covington."

Covington town center bay is notable for the use of high quality building materials and for its world class building and equipment program that distinguishes it all within the submarket. The community itself will be within walking distance of Covington city center for local shopping and entertainment.

The three-story garden / city-style community's 350 residential units include floor plan options for studios, one-, two-, and three-rooms, as well as selected floor plans for townhouses. The size of the unit ranges from 620 to 1,945 square feet. This diversity promises to cater to a multitude of lifestyle needs and living preferences.

Located in the up and coming mixed-use Covington city center, the hotel is easily accessible to Covington City's top economic drivers and employers including – General Mills, Cinelease Studios – Three Ring, Facebook, Oxford College Emory University, Takeda Pharmaceutical, Piedmont Hospital, SKC , Nisshinbo Automotive, CR Bard, Pactiv, Mannington Mills, Clarion Metals, Bridgestone and Michelin – the residents of The Cove in downtown Covington are at the center of a major employment and attraction hub. The community is just off Interstate 20, which is conveniently accessible to and from the greater Atlanta area.

On-site amenities include a luxurious clubhouse, resort-style pool, coworking spaces, a state-of-the-art fitness center, linear park, dog park and pet spa. In addition, the community will be adjacent to a five-hectare park with hiking trails.

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