A joint venture between the homebuilder and asset manager secured a $96 million construction loan facility from Wells Fargo Bank to cover development of the 376-unit property.

One Museum Place was designed by Mack Scogan and Merrill Elam Architects. Its homes offer direct elevator access, lanai balconies and individual garages, while Bluetooth technology allows homeowners instant access to their designated parking garages and elevator access to the floors above.

The community, located on both sides of Howell Mill Road at 11th Street, is part of Star Metals Atlanta, a $350 million mixed-use development that includes office, retail and hotel space.

A plan to build 11 single-family detached homes has been approved by the Alpharetta City Council, while a proposal for 24 condominiums has been approved by the city’s planning commission.

The tower’s residences will comprise a mix of traditional apartments and “rent-by-bedroom” co-living units. Delivery is slated for first quarter 2024.

Today’s condo environment is a far cry from the first days of the pandemic, when people were told to stay home and stay away from one another. 

Forrest Street Partners plans to infill 50 vacant lots in the Dogwood Blossom Mobile Home Park with new three-bedroom, one-bathroom homes,

A rezoning application to allow for the development of the community was recently approved by the Gwinnett County Planning Commission, with conditions.

The increase was driven by a 21.6% month-over-month spike in the rate of new multifamily construction. Single-family housing starts, meanwhile, slid 2.8%.

Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.

Atlanta-based developer JPX Works plans to raise a 31-story building at 1405 Spring St., according to a proposal presented to the Midtown Development Review Committee.

The communities are the Flats at Mt. Zion, a 210-unit apartment community aimed at families with children who attend Mt. Zion elementary and primary schools, and the Villas at Mt. Zion, a 96-unit independent-living property for residents 55 years old and older.

The company purchased the properties for $116 million with the acquisition of Springdale Glen, Sierra Forest and Hawthorne at Sugarloaf in Clarkston, Mableton and Lawrenceville.

“The potential for spaces to transition, such as 41 Marietta going from office to multifamily, will be a trend we will see in the years to come, post-pandemic closures.” — Troy Reynolds, multifamily advisor for NAI G2 Commercial Real Estate. 

The builder expects the homes to range in size from 1,800 square feet to 2,200 square feet and be priced between $499,000 and $550,000 each.

The strategic partnership will initially target developments in six metro areas where both companies have a “significant or growing presence”: Atlanta; Austin, Texas; Boston; Denver, Orange County/San Diego, Calif.; and Seattle.