As anyone working in real estate knows, new apartment projects are responsible for most of what little new development activity is going on in Atlanta. On the heels of the latest news- that Post is in the early stages of planning a new apartment project on one of the parcels it owns in Allen Plaza downtown- we get word that Atlanta is projected to be among the top 5 markets in the U.S. for apartment development activity, with some 4500 units started in 2011. What is more, most of these new for-rent dwellings are being built in-town, near the highest office densities and public transportation. Very positive developments for a multitude of reasons, not the least of which word that suburban sprawl- a concept we here in Atlanta know a little bit about- is a lot like a ponzi scheme.
· Post Properties eyeing downtown apartments [Atlanta Business Chronicle]
· How Suburban Sprawl Works Like a Ponzi Scheme [The Atlantic / Cities Blog]