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Another Student Apartment Tower Pitched In Midtown

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The tower-palooza along the Spring Street corridor in Midtown continues. A team of developers presented plans this week to Midtown's Development Review Committee for a 22-story project next door to Georgia Tech's Technology Square, the Atlanta Business Chronicle reports. Those plans come on the heels of news last month that Ambling University Development Group submitted a building permit application to erect a 19-story tower on a gravel parking lot, just a few feet to the north. Both towers would offer off-campus apartments for students, and a combined 28,000 square feet of retail. The latest plans are a joint effort by Gateway Development and South City Partners LLC; the "Centergy Two" tower would rise at 5th and Spring streets with connections to the existing Centergy One building and Tech Square. Plans calls for 210 student apartments and amenities like rooftop swimming pools and terraces. While developers hope to capture student renters from Georgia Tech, they're open to leasing to students from SCAD and elsewhere, the newspaper reports. The competing tower to the north seems blatantly aimed at Tech students.

Last month, Ambling submitted a building permit application to construct a 19-story "Spring Street Housing" project for Georgia Tech students (as seen at right). Plans call for two stories more than the stack of 17 stories initially proposed, and renderings suggest the "GT" logo will feature prominently at street level. The $48 million project will offer 268 units — with 706 beds — and more than 10,000 square feet of street retail.

Not far away, a 350-unit, mixed-use development by Wood Partners called "33 Peachtree Place" was announced last month for a four-acre parking lot above the Midtown MARTA Station. It's also slated to have a 19-story apartment tower (not necessarily aimed at students) and 20,000 square-feet of retail.

The fun doesn't end there. A little farther south on Spring Street, site work has begun on a proposed 24-story tower on the southern fringes of Midtown's Technology Square. A demolition permit for the site of the historic Crum and Forster Building was issued in August. The brick-and-arches facade of the structure on the corner of Spring Street and Armstead Place is being saved. But the rear two-thirds (along with a couple of smaller buildings and parking lots nearby) are slated to be gobbled up by a potential 695,000 square-foot development for Tech's high performance computer modeling program.

Phew.

· Gateway, South City propose Midtown tower [Atlanta Business Chronicle]
· 19-Story Tower For Georgia Tech Students Is A Go [Curbed Atlanta]
· Another Apartment Tower Announced In Midtown [Curbed Atlanta]
· Work Starts At Controversial Georgia Tech Tower Site [Curbed Atlanta]