Top 5 Multifamily Projects Under Construction in Atlanta

As one of the largest metro areas in the Southeast, Atlanta is in the midst of an ongoing expansion as a result of consistent in-migration from higher-priced cities, leading to high demand for new supply. In the first quarter of 2021, multifamily development maintained an above-national average pace.

According to Yardi Matrix data, some 20,400 units were under construction across 89 properties throughout the metro as of June. And year-to-date through June, developers added more than 7,200 units in 26 communities to inventory. 

The table below highlights the largest developments underway in the metro, all of which are in urban submarkets. Two of the projects are expected to be completed this year, while four entries represent extensive redevelopments.  

Rank Property Name Units Submarket Owner Anticipated completion
1 760 Ralph 700 Martin Luther King Historic District New City Properties 04/2023
2 The Lofts at Twenty25 612 South Buckhead Varden Capital Properties 07/2021
3 Herndon Square 600 Midtown West/Centennial Place Hunt Cos. 01/2027
4 Vesta Bouldercrest 438 Lakewood Middleburg Communities 11/2021
5 903 Peachtree 427 Midtown South CA Ventures 11/2022

Source: Yardi Matrix

5. 903 Peachtree

903 Peachtree. Rendering courtesy of CA Ventures via Midtown Alliance

CA Ventures is working on a 33-story mixed-use tower in Atlanta’s Midtown South submarket. The development will feature 427 units, 12,000 square feet of street-level retail space and eight levels of podium parking. Solomon Cordwell Buenz serves as the architect. 

The project received a $101 million construction loan at the beginning of 2020 from QuadReal Finance.

Top 5 Multifamily Projects Under Construction in Atlanta Read More