Preserve at Peachtree Shoals is located at 2995 Old Peachtree Road in Dacula, Georgia. This new development will consist of 240 apartment units for seniors 55 and older and will have an affordable rent structure for households earning 30 to 80 percent of the area median income (AMI). The development comprised of one, two and three-bedroom units, is expected to be available to rent in the first quarter of 2022. To complete the project, MPC partnered with Dominium, the nation’s fourth-largest provider of affordable housing, and Searles Foundation, a non-profit organization that provides gracious living services to elderly and disabled residents.

“Preserve at Peachtree Shoals will be an excellent and much-needed addition to the Dacula area. It will provide seniors with beautiful housing that is affordable,” said Mark Sween, Vice President & Project Partner of Dominium. “We are excited to begin construction and to work again with our state housing tax credit partner, Monarch Private Capital.”

Dacula, Georgia is part of Gwinnett County, which has been a titan of social and economic progress for decades. Dacula has its own unique factors, however, that make it a great candidate for revitalization. Dacula is at the center of Georgia’s Innovation Crescent. Covering nearly 40 percent of Georgia’s population, the Innovation Crescent is the state’s hub for life sciences but is quickly becoming that of the entire Southeast. The crescent includes top research organizations such as Emory University, Georgia Institute of Technology, the University of Georgia, the CDC, Georgia Gwinnett College and Gwinnett Tech. In addition, the hub hosts a wide range of scientific companies, large and small, bringing in a variety of people and revenue to the community.

“This new affordable senior living development will help strengthen the Dacula area by providing residents with quality homes, enriching programs and services, and greater access to the unique variety of resources located throughout the city,” said David Searles Jr., CFO of the Searles Foundation. “We recognize the importance of the happiness and well-being of our senior residents and stay committed to fostering a friendly and valuable community for all.”