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With loads of new apartments in Midtown, and more slated to come online soon, market differentiation can decided whether a new property leases or languishes.
While Alta Midtown started leasing more than a year ago, the final units in the nearly 370-apartment building were just delivered six weeks back. (Anyone miss the sprawling, asphalt lot that used to be here?) Still, the building is more than 60 percent full, with new leases being signed daily, officials report.
The apartments are spread between two sections of the development. The tower, which finished last year, is almost fully leased; the mid-rise portion of the building, fronting 8th Street, Cypress Street, and Peachtree Place, is pushing 40 percent occupancy, despite having opened in mid-February.
One key to the desirability of the building is an amenity not found anywhere else—a 1-acre private park in the center of the development.
Complete with a sprawling green lawn for sporty recreation or lounging, five barbeques, and space to walk four-legged residents, the amenity is prime for renters not wanting to trek 10 minutes to Piedmont Park.
Of course, there’s also a pool deck, expansive gym with yoga studio, and multiple lounges for residents to use.
The studio, one-, and two-bedroom units all feature gas appliances, Nest thermostats, hardwood floors, Google Fiber, and enviable walkability. However, luxury comes at a price: The least expensive unit is currently going for more than $1,600, while the last remaining penthouse costs more than $3,600 per month.
Final build-out work is underway in the remaining retail spaces, and construction should finally be done in the coming months.
- Alta Midtown [website]
- Fresh Renderings, Floorplans for Alta Midtown [Curbed Atlanta]
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