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.

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Downtown Chandler to include firms, multifamily in the upcoming yr

Downtown Chandler is in a close to-constant state of evolution. New businesses, new developments and redevelopment jobs proceed to choose root in the city’s oldest and most historic space, creating an at any time-transforming and dynamic downtown, according to metropolis officers.

Nine companies are organizing 2021 openings in downtown Chandler a new retail and restaurant improvement on the corner of Frye Highway and Arizona Avenue is expected to open in 2021 and development is underway at two new multifamily developments downtown, claimed John Owens, downtown redevelopment professional with the city of Chandler.

“Downtown Chandler is the coronary heart of our group,” Mayor Kevin Hartke explained. “Not only is it in which Chandler commenced, it is wherever the group comes with each other to this day. It is remarkable that the advancement group proceeds to want to invest in downtown Chandler. They, like us, realize that downtown Chandler’s combination of record and modernity enable make it a unique location in our community. Its expansion indicates that, a lot more than at any time, there is something for absolutely everyone in downtown Chandler.”

Chandler has observed a 33.77% boost in the quantity of enterprises in downtown Chandler in the last five several years, top to a .5% boost in the variety of employment, according to information from the city’s financial progress division.

Owens stated progress and redevelopment jobs are pushing into what city employees have dubbed Downtown South, which encompasses all the things from Frye to Pecos roadways. The new 9,000-square-foot retail

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