Perennial Properties plans to develop a 228-unit apartment project along the Atlanta Beltline. The Atlanta developer, known for projects in the Old Fourth Ward and nearby Inman Park, would build the four- and five-story apartment buildings at North Avenue and Somerset Terrace , east of the Atlanta Beltline.
Earlier this month, Perennial’s engineers filed plans with the city of Atlanta Bureau of Planning for the nearly 3-acre project.
Perennial , founded in 1988 , has been developing projects in Atlanta since the late ’90s. Besides the Old Fourth Ward and Inman Park, it has developed in Midtown, Virginia-Highland, Morningside, Emory and Buckhead. Tim Schrager, one of its principals, said a goal for his company is to build projects where people can get out of their automobiles. The closer it develops to the Beltline, the better, he said. That allows people to connect to other parts of the city by walking out of their doors, rather than getting into their cars
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