After a lulling couple of months, construction on 755 North (the Beltline apartment complex formerly known as The Somerset) is revving up. Developers are confident the timing (and the submarket) is still right for another dose of rental residences. For now, bulldozers are the first long-term tenants of the lot at North Avenue and Somerset Terrace — just up the hill from the Masquerade, and across from the-dog-parlor-where-you'll-get-towed-if-you-park-there-for-the-Masquerade. Perennial Properties development manager Jay McGinnity describes site work as being "in full swing." Though construction had been delayed by seemingly constant rain, the originally scheduled completion date of next February is "still the same for now," McGinnity said.
755 North is slated to rise four stories and offer 227 upscale apartments, not to mention a "grand pool overlooking the Beltline" and the development's 600 feet of frontage along the trail. There will be no retail space, due to Perennial's desire to "complement rather than compete" with the massive offerings of super-close, super-huge Ponce City Market (scheduled to come online by next summer).
Despite being in that project's shadow, and in shouting distance of two other apartment developments that should beat 755 North to the punch, McGinnity said he ain't worried. "I think there is a lot of excitement and amenities that this area is going to have — in addition to its already convenient location — that is going to keep demand strong," he said.
Head over here for a gander at previously released renderings of the 755 North project.
— By Curbed Atlanta contributor Tyler Estep