The five-story, wrap-style complexes, Scott Crossing and Point on Scott, have been renamed Abberly Skye and Abberly Onyx by the new owner, which is making its first foray into the Atlanta market. 

The city’s plans for the 41-story skyscraper, which it is buying from the state for $39 million, include the creation of “dedicated and deeply affordable housing.” 

The complex is part of a larger master-planned community, which will include single-family homes and restaurant and retail space. 

The Atlanta developer’s exclusivity agreement calls for up to six Crystal Lagoons destination water parks within a 100-mile radius of Atlanta. 

Since 2015, Chevy Chase, Maryland-based FCP has acquired 33 Atlanta-area communities. 

Related Development has proposed a mixed-use project that would take advantage of Children’s Healthcare of Atlanta’s nearby billion-dollar expansion. 

Atlanta homebuilder Paran Homes is developing the community in a joint venture with Los Angeles-based real estate investor PCCP LLC. 

The property, which will be renamed Bell Morningside, was purchased as part of a four-asset portfolio. 

Peebles Corp.’s development plan calls for 495 apartments, office and workshare facilities, retail, hotel rooms and more than an acre of open space. 

The Atlanta-based apartment developer has been on a selling and building spree over the last year. 

The head of the Atlanta Preservation Center reportedly said the L-shaped tower would “besiege” an adjacent historic apartment building. 

The completion of the property, Westbound at The Works, will mark the end of The Works’ phase one development, which spans 27 acres and includes 184,000 square feet of retail and 125,000 square feet of office space. 

The master-planned community will be known as Oak Hill Reserve and is slated to open in spring 2023. 

The garden-apartment project sits on more than 23 acres adjacent to Sugar Hill’s new master-planned downtown. 

The properties, which were purchased for an undisclosed amount, total 1,080 apartment units. 

The 40-unit garden-apartment community opened in 1962 and is located at 3518 Roswell Road.