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	<title>560M Archives - VRJ Properties</title>
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	<title>560M Archives - VRJ Properties</title>
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		<title>Toro Breaks Ground on $560M Johns Creek Project</title>
		<link>https://vrjproperties.com/toro-breaks-ground-on-560m-johns-creek-project/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Tue, 14 Jan 2025 14:43:45 +0000</pubDate>
				<category><![CDATA[BTR]]></category>
		<category><![CDATA[Hospitality]]></category>
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		<guid isPermaLink="false">https://vrjproperties.com/toro-breaks-ground-on-560m-johns-creek-project/</guid>

					<description><![CDATA[<p>Toro Development Company (“TDC”) has started work on Medley, the $560 million, 43-acre mixed-use community in Johns Creek. Th company expects its grand opening to take place October 29, 2026. TDC secured financing for the project in November 2024. The...</p>
<p>The post <a href="https://vrjproperties.com/toro-breaks-ground-on-560m-johns-creek-project/">Toro Breaks Ground on $560M Johns Creek Project</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p data-beyondwords-marker="af0f6ca3-d481-43b4-bb28-d9cef61eefd6">Toro Development Company (“TDC”) has started work on Medley, the $560 million, 43-acre mixed-use community in Johns Creek. Th company expects its grand opening to take place October 29, 2026. </p>
<p data-beyondwords-marker="a58596af-e7f7-4255-8841-857b36d70bb1">TDC secured financing for the project in November 2024. The deal includes an equity investment from Ascentris and a $158 million construction loan from Banco Inbursa for the first phase.</p>
<p data-beyondwords-marker="c180319e-ef2b-4ab2-88c7-fddfc326b949">Located at the corner of McGinnis Ferry Road and Johns Creek Parkway, Medley will encompass 150,000 square feet of retail, restaurant and entertainment space, a 175-key boutique hotel, 110,000 square feet of office, 750 multifamily residences, 133 townhomes built by Empire Communities, and a 25,000-square-foot Plaza. </p>
<p data-beyondwords-marker="a61c9b29-6979-412b-a658-770ed1fbe9f1">TDC has lined up more than 25 brands and razed a 350,000-square-foot office building to prepare the site for groundbreaking. Announced retailers for Medley include a neighborhood grocer, Sephora and High Country Outfitters. </p>
</p></div>
<p><br />
<br /><a href="https://www.connectcre.com/stories/toro-breaks-ground-on-560m-johns-creek-project/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/toro-breaks-ground-on-560m-johns-creek-project/">Toro Breaks Ground on $560M Johns Creek Project</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>Toro Secures $560M Financing for Johns Creek Mixed-Use Venture</title>
		<link>https://vrjproperties.com/toro-secures-560m-financing-for-johns-creek-mixed-use-venture/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Thu, 07 Nov 2024 13:48:05 +0000</pubDate>
				<category><![CDATA[BTR]]></category>
		<category><![CDATA[Hospitality]]></category>
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		<category><![CDATA[560M]]></category>
		<category><![CDATA[commercial real estate]]></category>
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		<category><![CDATA[Financing]]></category>
		<category><![CDATA[Johns]]></category>
		<category><![CDATA[MixedUse]]></category>
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		<category><![CDATA[Toro]]></category>
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		<guid isPermaLink="false">https://vrjproperties.com/toro-secures-560m-financing-for-johns-creek-mixed-use-venture/</guid>

					<description><![CDATA[<p>Toro Development Company (TDC), secured financing for Medley, the $560 million, 43-acre mixed-use community coming to Johns Creek. The milestone paves the way for Medley’s groundbreaking in December, with an anticipated opening in late 2026. The deal includes an equity...</p>
<p>The post <a href="https://vrjproperties.com/toro-secures-560m-financing-for-johns-creek-mixed-use-venture/">Toro Secures $560M Financing for Johns Creek Mixed-Use Venture</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p> <br />
</p>
<div>
<p data-beyondwords-marker="a6974755-6cc9-4145-9c02-5f107e1b116f">Toro Development Company (TDC), secured financing for Medley, the $560 million, 43-acre mixed-use community coming to Johns Creek. The milestone paves the way for Medley’s groundbreaking in December, with an anticipated opening in late 2026.</p>
<p data-beyondwords-marker="c3ca9075-f5b4-431d-80b0-09b105ed86e3">The deal includes an equity investment from Ascentris and a $158 million construction loan from Banco Inbursa for the first phase. </p>
<p data-beyondwords-marker="dd6fb249-4bfa-424b-907c-774aa50a3701">Located at the corner of McGinnis Ferry Road and Johns Creek Parkway, Medley will encompass 150,000 square feet of retail, restaurant and entertainment space, a 175-key boutique hotel, 110,000 square feet of lifestyle office, 750 multifamily residences, 133 townhomes and an activated 25,000-square-foot Plaza.</p>
<p data-beyondwords-marker="6fb74cfd-321b-470d-b8df-d73c5318e7f7">The company purchased the suburban office park for $44 million in March 2024 and has since razed a 350,000-square-foot office building to prepare the site for construction. TDC will renovate and incorporate the other existing office building into the master plan to create a commute-worthy workplace.  </p>
<p data-beyondwords-marker="3e5cf3f4-be6f-4631-a606-754ee13becd6">Toro has already locked in over a dozen retail tenants signed up for Medley.</p>
</p></div>
<p><br />
<br /><a href="https://www.connectcre.com/stories/toro-secures-560m-financing-for-johns-creek-mixed-use-venture/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/toro-secures-560m-financing-for-johns-creek-mixed-use-venture/">Toro Secures $560M Financing for Johns Creek Mixed-Use Venture</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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