If the sheer multitude of hard hats and building permits are any indication, the rental market in West Midtown is showing few signs of cooling off. The latest project to barrel ahead is a 230-unit apartment project that would neighbor the acclaimed The Optimist restaurant and provide another living option for the burgeoning section of Atlanta, where hundreds of apartments are under construction. The Atlanta Business Chronicle reports that Perennial Properties, who owns the 2.5-acre site at 930 Howell Mill Road, has filed for development permits and could break ground later this year. Perennial was a frontrunner with large-scale apartment projects in the Old Fourth Ward and Inman Park. And the company is currently building 755 North — a Poncey-Highland apartment project with 227 units and 600 feet of Beltline frontage — on the site of former dog kennels near Ponce City Market.
The newspaper notes that West Midtown has been compared to Wicker Park in Chicago and even SoHo in New York City — both restaurant and bar meccas that have surged from grittier pasts. Last we checked, more than 400 new apartments were set to open on or near the Howell Mill Road corridor by next year. These include the four-story "Walton Westside" project near the Goat Farm Arts Center, which is slated to bring 250 apartments to the area by next spring. Practically around the corner, a seven-story development called "Elan Westside" at the corner of 14th Street and Howell Mill is closer to opening. Expect 197 apartments and 11,000 square feet of retail at the Elan project, including a rumored second Atlanta location of Fado Irish pub. Now, how about a nice green park to compliment all the new concrete and glass?
· West Midtown boom continues with planned 230-unit apartment project [Atlanta Business Chronicle]
· Westside's Story: Apartment Influx Is Coming Soon [Curbed Atlanta]