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Kennedy Wilson, Shimizu launch $139 million apartment project near Atlanta

Former UPS site to be converted into five-story multifamily complex
The 382-unit Caldwell is expected to welcome its first residents in 2028. (Kennedy Wilson)
The 382-unit Caldwell is expected to welcome its first residents in 2028. (Kennedy Wilson)
By Christopher Goodwyn
CoStar Research
September 1, 2026 | 6:45 P.M.

A real estate firm out of Beverly Hills, California, is teaming with a Japanese construction company to build its first ground-up apartment project in Georgia.

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