Inventory Intel
A request for proposal seeks the development of at least 200 affordable and market-rate residences on a 1-acre site at 184 Forsyth St.
The buyer is purchasing the project in stages, acquiring each phase when it receives its occupancy certificate.
The 2.68-acre wooded site along Peachtree Creek has been slated for a new dense, mixed-income community.
The development, Brighton Woodstock, offers 100 single-family townhomes.
The property, to be called Penler Cherokee, will include eight, two-story garden-style buildings on an 18.3-acre site.
The 180-unit garden-apartment community was built in 1972.
The community, Mighty Oak, has 118 homesites and sits on 26 acres.
The community, the 266-unit Paramont Apartments, previously sold for $26.7 million in 2018.
The proposed project, Modera Hapeville, has been proposed by Mill Creek Residential, which already has 10 Modera-branded communities in Atlanta.
The transaction was funded by a $30.5 million acquisition and renovation loan.
The firm said 147,881 multifamily units are in some stage of the development process in the greater Atlanta market.
Avondale Townhomes features 122 two- and three-bedroom residences.
The five-story tower would replace an existing bungalow on the south side of 12th Street.
The developer has started civil construction and lot development and plans to start home construction in June, with final delivery in the fourth quarter.
The high-end development will bring 487 apartments to a full city block on Juniper Street.
The Cielo at Lanier Apartments offers 66 units in a garden-style format.