A planned luxury apartment tower near the former Peachtree-Pine homeless shelter shows how developers are licking their chops at the potential of the once-derelict intown neighborhood.
Woodfield Development, a South Carolina residential developer, plans to break ground in October on 505 Courtland, an $87 million, 16-story building with about 280 rental units.
The 505 Courtland development will include five stories of parking and the rest will be residential units, according to Kassin. The project will include space to display works by local artists and a room for hosting community meetings. The first residential units will likely be ready in summer 2022.
I live down the street and I wouldn’t mind walking past this everyday. I’m over the term “luxury” though. They might have a hard time getting luxury prices just yet in this area, especially with the City of Courtland Street down a couple blocks. I also wish sono would die.
The Midtown site that was to be the Atlanta debut of luxury hotel operator SBE is up for sale.
Atlanta-based Trillist Cos. planted the for-sale sign at 1122 Crescent Ave, a 0.65-acre site that housed the low-rise Crescent Place Apartments and was to be where the Los Angeles-based hotel operator would operate Atlanta's first SLS boutique hotel. Cushman & Wakefield has been tapped to market the apartments and property, which is zoned for high-density mixed-use, according to a marketing package obtained by Bisnow.
“We have a signed [hotel management agreement] and are excited to bring SLS to the Atlanta market,” an SBE spokesperson said in an email to Bisnow. The company declined to comment further. For now, Trillist appears to be more focused on a site quite literally across the street at the intersection of 13th and Peachtree streets. There, the developer is seeking to develop a 46-story mixed-use tower with 317 apartment units and 10K SF of ground-floor retail. It is to be built upon an eight-story, 450-space parking deck, according to the Midtown Alliance's development review committee.