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Lenox Park apartments sold for $22 million
Will be renamed Peaks at Gainesville, get $3 million in renovations
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Outside the Lenox Park Apartments in Gainesville on Friday. An Atlanta firm recently purchased the complex and plans to focus on upgrades. - photo by David Barnes
The Lenox Park apartment complex has been purchased by an Atlanta firm for $22 million. Lenox Park will be renamed the Peaks at Gainesville by new owner Audubon Communities, a real estate firm in Georgia’s capital that specializes in apartment complexes. The company cited Gainesville’s economic and population growth as its reason to buy the property and invest almost $3 million in upgrades in the area.