AMLI PLANS THIRD KENNESAW COMPLEX

And that's what AMLI's Gregory Mutz will share as a panelist at this Thursday's Atlanta Multifamily Summit at the Grand Hyatt in Buckhead on Oct. 27 (register here). But, as Gregory tells us, it's one of the new suburban projects planned as the developer—like other multifamily players—is focused inside the Perimeter for growth.
 
Gregory (seen here at our recent Chicago event) tells us that AMLI is planning a 260-unit apartment complex in Kennesaw next to its recently sold Barrett Lakes and Barrett Walk properties. AMLI also is underway with a 300-plus unit property on North Avenue near Ponce Park. And it has acquired sites in Seattle, LA, Denver, Dallas, Austin, Chicago, and Florida for new apartment communities it plans to break ground on in the next 15 to 18 months, he tells us. The development spurt for AMLI is being driven by improvedfundamentals, where AMLI sees occupancy at 95% company-wide and a rent rate growth of 6%. ?We're back to '07 levels,? Greg says.
 

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

Dan Wagner To Head Lee & Associates In Atlanta: The Atlanta Deal Sheet

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Gwinnett Mall Project Stands To Benefit From Georgia's Opportunity Zone Picks

Georgia's Utility Board Race Could Reshape Nearly 20 GW Pipeline Of Data Centers

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown

Auto Retailer Completes Hennessy Acquisition: The Atlanta Deal Sheet

Denver Public Schools' $11M Centennial Hall Purchase Marks Rare Land Sale For ULC