Goodbye, sprawl-y parking lots. Hello, high-density residential! In addition to Novare's 404-unit project at 1163 West Peachtree Street, residential proposals from AMLI and Post were presented to the Midtown Development Review Committee (DRC) at this month's meeting. In total, the three developments would add 1,081 apartments and 15,850 square feet of retail space to Midtown, where occupancy rates for Class A apartments have risen to more than 96 percent, according to a study by real estate consulting firm Haddow & Co.
AMLI Arts Center, a 30-story apartment tower with 351 units and 4,350 square feet of retail space, would be built at West Peachtree and 15th Street near MARTA's Arts Center Station — a parking lot on the site of what was once intended to be the home of two shiny new towers by Donald Trump. The DRC recommended approval, pending review of the 552-space parking deck's final design.
The Post Properties project, a 23-story residential building called Post Midtown Millennium (ugh, how very 14-years-ago is that name?), could rise from the empty lot behind the Federal Reserve on 11th Street. It would feature 327 apartments and seven levels of parking. DRC recommended conditional approval with the requirement for an additional loading zone.
· Midtown continues to contribute to Atlanta's booming multifamily growth [MidtownATL.com]
· Could Apartments Rise On Long-Dead Trump Site? [Curbed Atlanta]
· Renderings of Novare's Midtown Tower Emerge. Déjà Vu Ensues [Curbed Atlanta]