Separated by a couple of miles and 27 stories, Midtown's "The Atlantic" and South Buckhead's "Mezzo" have a specific rental thing in common. Way back in 2011, as sunlight finally pierced Atlanta's Recession-era doldrums, the two gleaming towers built as condominiums announced they'd be switching — at least partially — to apartments. On the heels of a condo boom and bust, the tactic seemed revolutionary, if not pithy (Atlantic condos once priced at $400,000 had been selling for $180,000). In Atlanta's rental market, the switcheroo was a harbinger of many, many things to come — and proof that the "stigma" of renting was lifting. So now, two years later, we take a glance at each project and ask which is the more attractive rental option.
A rare example of Art Deco glamour, The Atlantic towers 47 stories, like a beacon for Atlantic Station's improving slate of retail and dining options. The 401 units offer 24/7 concierge and some show-stopping views.
Perched over Peachtree, Mezzo is a boutique-style, artfully designed tower within a cheap cab ride of Buckhead's nightlife. The 94-home community is marketed as "Zen-inspired luxury."
Rents vary widely, but it's safe to assume you'll need in the neighborhood of $2,000 per month to get a foot in the door at either building.
· Atlantic Station condos will become apartments [Atlanta Business Chronicle]
· Another Apartment Tower Announced In Midtown [Curbed Atlanta]