A developer is building a 186-apartment community where Reid’s Body Shop stood for more than 60 years.
The 294-unit community is within walking distance of Sugar Hill’s new E-Center, a 150,000-square-foot mixed-use facility in the city’s central business district.
The Monroe apartment community encompasses 217 units and is located on the Northside BeltLine and Bobby Jones Golf Club.
The Cove at Covington Town Center, as the apartments will be called, is one component of the overall mixed-use development, which will also include townhomes, a movie theater, Publix supermarket, office space and hotels.
The 16-story tower is home to the iconic “Atlanta’s Population Now” sign and sits across from Piedmont Hospital.
The Toronto homebuilder is behind at least 11 for-sale developments in the city and Alpharetta.
Financial details were not disclosed, but the 9-acre property, located at 1185 Collier Road NW, was valued at $59 million in its latest assessment.
The developer, Terwilliger Pappas, sold the property to Atlanta-based White Oak Partners.
The luxury apartment building’s first units are expected to be delivered in June 2024.
The homebuilder recently acquired 146 acres in Jackson County, where it plans to develop the Liberty Crossing community.