Developer Mill Creek is seeking to develop a 30-story tower on 10th Street NE, while Property Markets Group is proposing a 33-story building on Peachtree Street.
The real estate investment and land asset-management company has identified 17 near-term development opportunities and is in advanced negotiations to develop build-to-rent communities with about 2,500 units across the country.
The company, T.D. Jakes Real Estate Ventures, agreed to purchase the land for an undisclosed amount after almost two months of negotiations with the Local Redevelopment Authority Board of Fort McPherson.
The residential portion will be known as the Abbington at Ormewood Park, while the commercial component will be called The Lodge in honor of the historic Masonic Lodge that will be the centerpiece of the development.
The Atlanta-area communities are in Alpharetta and Sugar Hill, while the Texas projects are in Frisco, Allen, McKinney, Forney, Princeton, Grand Prairie and Waxahachie.
All open-concept designs will offer three bedrooms, two-and-a-half baths and two-car garages. They will range in size from 1,671 square feet to 2,090 and be priced from the mid-$300,000s.
The property is in the Bankhead/Historic Westin Heights neighborhood and is along a planned segment of the Atlanta BeltLine Westside Trail.
The 19-hole Oaks Golf Course will be replaced with 142 single-family houses, 190 townhomes, 360 apartments and 143,000 square feet of retail space.
Station 496, as the project will be known, will bring 123 affordable-housing units to Boulevard Northeast when it opens in 2022.
The new basement-ready sites will be available this summer.