Inventory Intel
The Cielo at Lanier Apartments offers 66 units in a garden-style format.
That’s almost double the number of deliveries of 2022, according to commercial real estate firm Berkadia.
The move comes despite a slowdown in the single-family rental market.
The Smyrna City Council approved the proposed development, which will replace the former Ken’s Corner Deli and current Cochran & Edwards law firm.
The 55-plus master-planned community will have about 700 homes when complete.
The 5.8-acre mixed-use community will feature retail spaces and two separate and distinct apartment buildings connected by a common plaza.
Paces Crossing in Norcross is the fifth local apartment community the New York investor has purchased in two months.
Built in 2021, The Fieldhouse is “filled with baseball-themed amenities” that provide views of Coolray Field in Lawrenceville.
VIBE is part of the first phase of the 19-acre Echo Street West mixed-use development, which is rising on Echo Street and the Atlanta BeltLine Westside Connector Trail.
The project, “Medley,” is a major component of Johns Creek’s new town center, which will be anchored by City Hall and encompass 192 acres of new housing, restaurants, retail and offices.
The nonprofit-led project will be equidistant between Atlanta and Athens and seek to capitalize on the talent pool provided by the University of Georgia and Atlanta’s numerous higher-learning institutions, similar to North Carolina’s Research Triangle Park.
All homes are priced from the mid-$500,000s and have two-story, three-bedroom, open floor plans.
Avenbrook will offer 79 new single-family homes from the builder’s Jewel Box Collection.
A partnership of Coro Realty and Miller Lowry Developments purchased the parcel in 2020, when it had approximately 60 homes.
Grant Place offers 72 single-level condominiums starting in the high $500,000s.
The property, Solis Reynolds Place, was renamed Lyra by Radius.