Midtown has become the hottest high-rise residential market in Atlanta, with new projects being announced on a nearly monthly basis. The latest of the new developments planned for Midtown was announced by developers Daniel Corp. and Selig Enterprises Inc.. They wish to break ground on two residential buildings to add to their current stable at the 12th and Midtown mixed-use project on Peachtree Street. The two towers could add more than 800 apartments and condo units to the Midtown market.
Other New Developments Planned for Midtown Include:
- New York-based Ashkenazy Acquisition Corp. filed plans for a project at 98 14th St., which would comprise up to 1,300 residential units, 90,00 square feet of shops, and over 300 hotel rooms on a nearly 2 million square-foot project.
- Wood Partners LLC is planning a 19-story residential tower, in addition to 20,000 square feet of retail space at 33 Peachtree Street.
- The Integral Group LLC is planning a 35 story project consisting of nearly 400 apartments and 25,000 square-feet of retail space. This roughly $70 Million project is planned for Sixth St. and Peachtree.
- AMLI Residential wishes to develop a 26 story tower at 15th and West Peachtree streets. This Tower will occupy the former Trump site, and consist of 350 residential apartments and 20,000 square-feet of retail.
According to the Reid Report, there were a total of more than 6,000 residential units already in the pipeline at the start of 2014. This, combined with all of the new retail space will make a significant impact on the landscape (and skyline) of the already bustling Midtown neighborhood. With all of the new developments planned for Midtown, the number of Midtown condos for sale, and Midtown rentals will increase exponentially over the next 12 months.
If you enjoy the vibe and convenience of living in-town, Midtown has more and more to offer each day. And even with the new properties coming on the market, those that already exist have held their value extremely well, and will likley see an increase in market value as the neighborhood heats up.