The churning red dirt in the shadow of Ponce City Market marks the latest in a slate of high-end apartment complexes sprouting near the Historic Fourth Ward Park and adjacent Beltline. Consuming a shabby former parking lot, the AMLI Residential project calls for 250,000 square feet on 4.5 acres, separated from The Masquerade by a sliver of the park. AMLI scooped up the property in 2011 when word spread that Jamestown Properties could develop the huge brick edifice on Ponce. The project is the company's third apartment complex in the gentrifying Old Fourth Ward, each located steps from the park.
Last month, North American Properties broke ground on Bohemian House — aka, BOHO — a 276-unit complex overlooking the park and its lovely amphitheater and pond. The $35-million, one- and two-bedroom apartment development, is set to open next fall. Nearby, on elevated land where North Avenue crosses under the Beltline, Perennial Properties has plans for a 225-unit project on what's now a makeshift skate park. So much activity smacks of an Old West-style land grab.
·AMLI plans apartments in Fourth Ward [Atlanta Business Chronicle]
·Developers break ground on yet another project near Historic Fourth Ward Park [Creative Loafing]