Courtesy of Google Maps.
Miami-based apartment developer Resia, formerly AHS Residential, is well underway on a new 476-unit multifamily community east of Decatur.
The development, located at 4151 Memorial Drive near the intersection with Covington Highway, will comprise five seven-story buildings, and 20% of the units will be income restricted. Work began in the first quarter and is expected to wrap up in the third quarter of next year.
The project is the third Atlanta-area community for Resia, which recently closed on $60 million of construction financing with Bank of America.
“We are very appreciative to the Bank of America team for their partnership on this project,” Resia chief investment officer Carlos Gonzalez said in a press release. “We look forward to expanding our relationship as we continue to grow our presence in Atlanta.”
Construction underway at the site in July. Courtesy of Google Street View.
The community will offer one-, two- and three-bedroom floor plans, and all apartments will have modern finishes, stainless-steel appliances and in-unit laundry, Resia said. Community amenities will include assigned parking and a multipurpose clubhouse with a swimming pool and fitness center.
Resia has been an active developer, recently, and is aiming to deliver 8,000 new apartments per year by 2025.
The community will comprise five seven-story buildings. Courtesy of Resia.
I WOULD LIKE AN INCOME BASED UNIT PLEASE
Would love to lease s apartment
Looking for income restricted apartment, would like to rent one of the new one on memorial dr.
I am looking for a affordable, modest income-based apartment. And save location.
Hello- My. Name. Is. Wanda Baker and. I. Would love. To. Rent. Out. AA 1. Bedroom. Unit. At. The. Resis Apt unit on. Memorial. Drive…..
I am interested in a 2 bd. When will you be accepting applications
Hello my name is Jackie Hughes I’m interesting in leasing on of your 2 bedrooms
I am in desperate need of a 3 bedroom right now I can comfortably pay 1,300 with no problem and is willing to pay at least 2 months in advance and still paying each month on time so when the holidays come around it won’t be so much pressure on me
I’m interested in the price for a1 bd room apt.