As the multifamily engine revved in high gear in 2015, Atlanta saw some 20 new projects deliver 5,300 new apartment units, all mainly within the confines of the CBD. Our friends at RentCafe have sent us a list of the 10 largest apartment projects to deliver in that time frame, and their current average asking rents.
10. Overton Rise
Units: 294
Address: 3695 Cumberland Blvd, Vinings
Developer: Newport Development
Average Asking Rents: $1,616/month
Notables: Direct access to the Chattahoochee National Recreation area and Silver Comet Trail. Saltwater pool.
9. 1105 Town Brookhaven
Units: 299
Address: 1105 Town Blvd
Developer: Fairfield Residential
Average Asking Rents: $1,753/month
Notables: Located in the TOWN/Brookhaven mixed-use development. Two pools with cabanas. And a high-def golfing simulator.
8. AMLI Ponce Park
Units: 305
Address: 641 North Ave, Midtown
Developer: AMLI Residential
Average Asking Rents: $1,852/month
Notables: LEED Platinum development. Within the Old Fourth Ward and direct access to the park.
7. Steelworks Atlanta
Units: 317
Address: 1220 Mecaslin St, Atlantic Station
Developer: Pollack Shores
Average Asking Rents: $1,733/month
Notables: Pool lounge with aqua deck and fire pit. Near Georgia Tech and the Atlantic Station retail village.
6. The Reserve at the Ballpark
Units: 321
Address: 2875 Crescent Pkwy, Cumberland/Galleria
Developer: Atlantic Realty Partners
Average Asking Rents: $1,607/month
Notables: Close to SunTrust Park mixed-use Braves stadium development. Saltwater swimming pool and a comp coffee bar as well as a 24-hour fitness center.
5. Cyan on Peachtree
Units: 329
Address: 3380 Peachtree Rd, Buckhead
Developer: Monogram Residential Trust
Average Asking Rents: $2,251/month
Notables: Across from Lenox Square and a block from the Buckhead MARTA station. Rooftop terrace and pool and a pet spa.
4. The High Rise at Post Alexander
Units: 340
Address: 600 Phipps Blvd, Buckhead
Developer: Post Properties
Average Asking Rents: $1,979/month
Notables: Rooftop terrace with kitchen, fire pit and grill pavilion. Walkable to Phipps Plaza.
3. Encore at Clairmont Apartments
Units: 359
Address: 1000 Barone Ave
Developer: Fairfield Residential
Average Asking Rents: $1,498/month
Notables: On-site recycling center and fitness center. Gated garage access.
2. SkyHouse Buckhead
Units: 364
Address: 3390 Stratford Rd, Buckhead
Developer: Novare Group
Average Asking Rents: $1,857/month
Notables: Walkable to Phipps Plaza and Lenox Square. Two saltwater pools with skyline views. Pet-friendly property with pet spa and dog walk area.
1. The Residence Buckhead Atlanta
Units: 370
Address: 297 E Paces Ferry Rd, Buckhead
Developer: OliverMcMillan
Average Asking Rents: $2,573/month
Notables: Located in the heart of the Buckhead Atlanta mixed-use development. Rooftop terrace and pool. Home to Atlanta's priciest apartment unit: a nearly 2k SF three-bedroom, three-bath penthouse asking $6k/month.
