Renting an apartment in Atlanta – especially in hot areas like Midtown, Old Fourth Ward, Buckhead and the Westside – isn’t cheap. Online apartment search engine Zumper said in a recent report that Atlanta ranks as the 19th most expensive city for rents in America.
If you’re on the hunt for a new apartment, expect to pay an average of $1,460 for a one-bedroom unit and $1,810 for two bedrooms. So, while we aren’t at New York, San Francisco or Los Angeles prices yet, renting in Atlanta is going to take a giant chunk of your paycheck.
As rents continue to climb, so do the number of units coming to market. Most of those properties are being billed as “luxury,” with high-end amenities like resort-style pools, dog parks, concierge-style services and, sense many of the new apartments are part of mixed-use development, restaurants and retail onsite.
We’ve rounded up some of the high profile apartment projects that are just about to open or coming soon.
Located on Peachtree Street just steps from the Fox Theatre, lilli midtown held its grand opening at the end of October. The 24-story, 147-unit building has some of the city’s steepest rents, starting at $2,400 for one-bedroom and up to $3,600 for two bedrooms. The Scandinavian-inspired aesthetic of the building has perks like a pool terrace, resident lounge and private dining room. Information: lillimidtown.com.
Gables Residential will begin leasing apartments in December at its new 15-story complex on East Paces Ferry Road in the heart of Buckhead. Residents will have access to a 24-hour concierge and request custom amenities via their own smartphone app. Onsite amenities include the a pool deck and sky lounge, a covered rooftop dog park, fitness center, gaming courtyard and business center. The Ashley will offer studios to three-bedrooms and “townhome” floorplans ranging in size from 476 square feet studios up to 2,588 square feet. In addition, the apartment home community will add over 2,400 square feet of retail space to Buckhead Village. Information: theashleygablesbuckhead.com.
North American Properties is finishing up this project located directly on the Atlanta BeltLine’s Eastside Trail at DeKalb Avenue. Leasing is already underway for the 350 apartments, which range from studios to three bedrooms. There’s also 29,000 square feet of retail and restaurants including Shake Shack and a new bar from Kevin Gillespie called Cold Beer. Information: edgeotb.com.
Construction is underway on Modera Reynoldstown, a mixed-use development that will feature apartments and retail, from developer Mill Creek Residential. The five-story building at 780 Memorial Drive will include 320 apartments with studio, one-, two- and three- bedrooms along with 18,400 square feet of ground floor retail. Amenities for the development include a co-working lounge, coffee bar, fitness studio with yoga room and a club lounge with a speakeasy hidden behind a secret door. Outdoor offerings will include a bar inside a former shipping container, dog run and bocce and shuffleboard courts. Information: millcreekplaces.com.
Kaplan Residential is development this new apartment complex on Centennial Olympic Park Drive in Downtown. Located just around the corner from the Georgia Aquarium, the 17-story will feature apartments ranging from studios to two-bedrooms, averaging 864 square feet, with below-average rents, according to the developers.
Star Metals Residences
The Allen Morris Company and Juneau Construction Company have broken ground in West Midtown for this $130 million residential project as part of the mixed-use Start Metals development. Located at 1050 Howell Mill Road, the luxury residences will feature modern living spaces, private dog run, a library, rooftop bar and lounge, fitness center, pool terrace and much more. Information: starmetalsatlanta.com.
Pollack Shores Real Estate Group has closed on a land purchase for an apartment community (official name forthcoming) next to the future Southeast Beltline trail in Chosewood Park. The project will include 15,000 square feet of retail and office space as well as 319 apartment units. The complex will offer an array of price points and living options, ranging from 500-square-foot micro units to large two-story, three-bedroom units with more than 1,500 square feet of living space. Amenities will include a community clubhouse, state-of-the-art fitness center with CrossFit and yoga studios, and a pool and lounge area complete with an outdoor grilling area.
Just steps from Ponce City Market on a sloping site fronting North Avenue in the Old Fourth Ward, this project will have 233 apartments and 10,000 square feet of ground level retail space. Announced amenities include a dog run, “yoga terrace,” co-working lounge with coffee provided by Octane and a saltwater pool. Information: novelo4w.com.
Development company Toll Brothers has announced that it will build a 319-luxury apartment mixed-use community at the corner of 10th Street and Howell Mill Road in West Midtown. Called Osprey, the development will have 13,000 square feet of retail and restaurant space, while the apartments will offer skyline views and upper-level penthouses. Other amenities will include a resort-style pool, fitness center, juice bar, gear garage, fitness-on-demand studio, and a sky lounge with a community bar, co-working space, and demonstration kitchen. The pet-friendly community will also offer a pet spa and a dog park.
Vue at the Quarter
Cushman & Wakefield has secured $37.8 million in construction financing for a new 271-unit apartment community, Vue at the Quarter, to be developed at 2048 Bolton Drive on the Westside. The project will have 359,000 rentable square feet, and will include five four- and five-story buildings.
AMLI Oak Valley
Dunn Construction has begun work on this multifamily community featuring a 24-story tower and a five-story mid-rise, which together will deliver 391 luxury apartments near Lenox Square in Buckhead. The 370,000-square-foot tower will provide 307 apartments; the 95,000-square-foot wood, mid-rise building will have 84 apartments. The community will offer one-, two- and three-bedroom apartment homes with a variety of interior features including floor-to-ceiling windows and 10-foot ceilings, as well as outdoor and studio fitness facilities, clubrooms and terrace, pool and outdoor deck among the amenities.
This West Midtown project lead by SJ Collins Enterprises will feature 350 apartments, along with 200,000 square feet of loft office space, including a Georgia Tech incubator space, and 105,000 square feet of retail. There will also be a Marriott hotel and 70 single-family residences. The top of the main building will feature an infinity pool, lounge, and two-story outdoor restaurant under a retractable roof. Information: theinterlockatl.com.
Developers Jim Meyer of Atlantic Capital Properties and Mack Reese of Gateway Ventures are behind this project at the corner of 8th Street and Howell Mill Road. Slated for completion in Spring 2020, 8West will include a 200,000-square-foot office/retail component, 175,000 square feet of office space, 10,000 square feet of retail and 264 luxury apartments developed by Trammell Crow Residential. Information: gatewayventuresre.com/8west.