New floor plans show the cheapest rents at Alpharetta's Avalon development are more expensive than prime new projects in Inman Park, Buckhead and the Old Fourth Ward. To be fair, the smallest one-bedroom units at "Haven at Avalon" are also larger than the studio shoeboxes at Buckhead Atlanta, Ponce City Market and Inman Quarter, but they're also 179 miles outside the city limits. If Avalon's huge waiting lists are any indication, the allure of living at Georgia's first "fiberhood" — where Internet speeds are 100-times faster than yours — is strong nonetheless.
The Walk Score at Avalon, at least for now, is a curious 29, but maybe that's reflective of the cow pasture this site used to be, not the mini-city it will be. According to promotional materials, Haven will offer "a new experience in the timeless art of living well, infusing resort-level hospitality throughout a walk-able community of shopping, chef-driven dining, working and entertaining all in the heart of Alpharetta."
So let's talk numbers:
At Avalon's Haven, a one-bedroom with 812 square feet will cost, at minimum, $1,755 monthly. That's a relatively pricy foot-in-the-door. At Ponce City Market, about $500/month less will rent a studio. At Inman Quarter, studios start at $1,325. Both of those intown options are less than 600 square feet. Buckhead Atlanta's studios, which are closer to 700 square feet, will reportedly start at $1,579.
Those are the entry-level prices. A nice place to sleep, basically.
For a more spacious pimp pad, Ponce City Market is charging $3,395. That gets three bedrooms and a relatively roomy 1,790 square feet — and all the culinary wonders PCM will eventually offer.
At Inman Quarter, the most expensive units are $2,995 two bedrooms (1,424 square feet), which is about the mid-range price point in Alpharetta. And it's cheaper than The Residences at Buckhead Atlanta, where two bedrooms (and 1,369 square feet) will cost $3,150.
Okay, take a breath. Numbers overload.
Now, the primo units at Haven offer two bedrooms, two and ½ bathrooms and 1,728 square feet. They range from $4,545 to a bonkers $5,070. At least one of the priciest apartments has been leased, an Avalon official recently told Curbed Atlanta.
We can't help but wonder if those rents will be more expensive than the penthouses at Buckhead Atlanta. With just shy of 2,000 square feet, the penthouses would be the largest rentals of all, with three bedrooms and monthly price tags that, to our knowledge, haven't been made public yet. It's a safe bet they won't qualify as affordable housing.
· Haven at Avalon [HotPads]
· Avalon's Grand Opening Has Everything but Singing Donkeys [Curbed Atlanta]
· Here's What $5,070/Month rents at Alpharetta's Avalon [Curbed]