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. 

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. 

New-home permits fell 11.2% month over month, while housing completions jumped 10.8% in what one observer said could have “worrisome” long-term consequences for the nation’s housing supply. 

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.