This week in Atlanta real estate: new apartments, Habitat for Humanity and more

by Mary Welch

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Apartments over Midtown garage

Ground has been broken on Ascent Peachtree, a 345-unit apartment tower that will sit atop an existing parking garage. The apartments will range from studios to three-bedrooms, will range in size from 680 to 2,380 square feet.

The $125 million project, supported in part by a $9 million Invest Atlanta loan from the Eastside Tax Allocation District, is expected to stand 29 stories and is located about a block from the Peachtree Center MARTA station.

In addition, 20 percent of units will be slated for workforce housing, meaning that 70 units will be rented by people making 80 percent of the area median income or less.

Realtors help Habitat for Humanity

The Atlanta Realtors Association (ARA) premier fundraising event, the “Realtors Raise the Roof” Spring FUNdraiser, recently took place at Rathbun’s on Krog Street near the BeltLine. ARA Members, community partners, and special guests rallied to raise over $25,000 to aid in the Association’s fundraising efforts to build its 18th Habitat for Humanity home.

The purpose of the partnership with Habitat is to promote the value of homeownership and the financial stability that comes from owning a home. The annual FUNdraiser allows ARA members to raise money for a community service project that directly relates to our industry. All proceeds from the event will benefit Atlanta Habitat for Humanity and the ARA Educational Foundation. The event featured fine cuisine, a live band, a silent auction, raffle prizes and a cash drawing for five $1,000 prizes.

“We are proud of our long-standing partnership with the Atlanta Habitat for Humanity, where we raise funds for a build to provide a quality home for a local family in need. We have a wonderfully generous community that recognizes home ownership fulfills the American Promise for families in the community,” said ARA Fundraising Chair Robert Bairstow.

Top producer duo goes to E&V’s luxury brokerage division

Engel & Völkers Atlanta added former Atlanta Intown Real Estate partner, Julian Rather and his business partner, Jeremy Smith, to the firm’s luxury brokerage division. The top producing duo specialize in luxury condominium sales in Atlanta’s intown neighborhoods and will continue this market focus at their new home base.

“As Engel & Völkers Atlanta continues to grow as the city’s top luxury brokerage firm, recruiting heavy-hitting advisors like Julian and Jeremy only continues to solidify our stance in the market,” said Christa Huffstickler, president & CEO at Engel & Völkers Atlanta. “The intown luxury condo market is growing exponentially, and Julian and Jeremy have proven to be adept at identifying prime opportunities for their established client base, and we are thrilled to welcome them into the Engel & Völkers Atlanta fold.”

In 2018, Rather and Smith were named the top producing team at Atlanta Intown, achieving over $12 million in sales. Both received lifetime membership in the Atlanta Realtor Association’s “Million Dollar Club,” exclusive to Realtors who have produced over $5 million in sales volume. Notably, Smith became one of the youngest advisors to achieve this honor. The Atlanta Realtors Association has honored Rather with its prestigious Phoenix Award, and he has served as president of several luxury condominium associations.