Courtesy of Society Living.
Co-living brand Society Living is entering Atlanta with the $20.3 million acquisition of a surface parking lot at 811 Peachtree St. NE, where it plans to develop a 33-story apartment tower.
The project, Society Atlanta, is a joint venture between real estate asset manager and developer PMG and Toronto-based private equity firm Greybrook Realty Partners. It will feature 460 units, as well as 70,000 square feet of office space and 16,000 square feet of retail space. The residences will comprise a mix of traditional apartments and “rent-by-bedroom” co-living units. Delivery is slated for first quarter 2024, according to a press release.
Courtesy of Society Living.
The Society Living brand offers “oversized amenities,” including co-working spaces, modern gyms and fitness studios, communal kitchens, craft food and beverage operations, smart-package lockers, app-based keys, integrated retail space and other options.
Other Society Living projects include Society Las Olas in Fort Lauderdale, Fla., which opened in May 2020; Society Biscayne in Downtown Miami, which is set to open in early 2022; Society Orlando, which is under construction; and Society Wynwood, under construction in Miami’s Wynwood Arts District. Altogether, the brand is planning 8,500 units nationwide, including developments in Brooklyn, N.Y.; Denver and Nashville, Tenn.
Atlanta architecture firm Cooper Carry is designing the tower; the acquisition of 811 Peachtree was brokered by Mark Lindenbaum of Jones Lang LaSalle.
Courtesy of Society Living.