Atlanta’s Rental Market Gets Big Boost, Adds 20 Major Apartment Projects in 2015
Resort-style pools with cabanas and lounge areas, wellness centers and yoga studios, bark parks, in-home designer finishes, and green living enhancements – these are the kind of amenities that Atlanta developers bring to the table for those who choose to live in one of The Gate City’s newest top-notch apartment buildings.
From North Buckhead and Atlantic Station to Historic Brookhaven and Vinings View, the city has seen an uptick in construction activity as it tries to respond to the high demand for apartment living. As many as 20 apartment projects of 50+ units were completed in 2015, delivering more than 5,300 new units to Atlanta’s rental inventory. That’s a 91% increase as compared to 2014, when 12 major projects comprising a total of 2,818 units saw the light of day, according to data from Yardi Matrix.
With the growing economy and robust job market, it’s no wonder Atlanta’s rental market is on fire. Mercedes-Benz USA is just one of ATL’s newest employers that helped boost employment numbers in the area. Jobs are being added at a rapid pace in all sectors, including business and financial services, healthcare, and technology, drawing in a flurry of young professionals who prioritize convenience and flexibility in their living choices. While the rental inventory has indeed seen solid increases in recent years, demand is still outstripping supply, with rising rent prices being one of the direct outcomes. In fact, Atlanta is one of the country’s top markets for rent growth, with average rent climbing more than 8% year-over-year.
Care to see what’s in store for those seeking to experience the best of Atlanta apartment living – and the perks that come with renting in a premier urban hub? Join us as we count down the 10 largest developments completed in Atlanta in 2015.
#10. Overton Rise: 294 rental units
Address: 3695 Cumberland Blvd SE, Atlanta, GA, 30339
Rental types: 166 one-bedroom apartments, 120 two-bedroom apartments, 8 three-bedroom apartments
Property size: 299,199 sq.ft., 4 and 5 story – includes parking on multi-level structure
Short description: Total parking – 441 spaces. Direct Access to Chattahoochee National Recreation Area & Silver Comet Trail. 1.5 miles from New Braves stadium – Sun Trust Park. Walking distance to Cobb Energy Performing Arts Center. Controlled access entry gates. Resort-class saltwater pool with sunshelf, cabanas, and outdoor cooking. Wellness center with strength training and cardio areas. Resident club with business center. Clothes care center.
Photo credits: Overton Rise Official Page, Yardi Matrix
#9. 1105 Town Brookhaven: 299 rental units – Check availability
Address: 1105 Town Blvd, Atlanta, GA, 30319
Rental types: 199 one-bedroom apartments, 100 two-bedroom apartments
Property size: 272,522 sq.ft., 5,6 and 7 story in 4 buildings – first floor includes retail
Short description: Total parking – 305 spaces. Central plaza with two pools and cabanas. Poolside BBQ grills and picnic areas. Clubroom with TV lounge and cozy fireplace. 3 miles to Lenox Mall and Phipps Plaza.
Photo credits: RENTCafé, Yardi Matrix
#8. AMLI Ponce Park: 305 rental units
Address: 641 North Avenue NE, Atlanta, GA, 30308
Rental types: 202 one-bedroom apartments, 103 two-bedroom apartments
Property size: 265,215 sq.ft., 5 story – Includes 9,000 square feet of retail and parking on multi-level structure
Short description: Green Building – LEED Platinum-Certified Community. Total parking – 567 Spaces. Pet-friendly community with pet park. Direct access to Historic Old Fourth Ward Park. Refreshing swimming pool with sun shelf. High-endurance fitness center. Business center with conference area.
Photo credits: AMLI Ponce Park Facebook Page, Yardi Matrix
#7. Steelworks Atlanta: 317 rental units
Address: 1220 Mecaslin Street NW, Atlanta, GA, 30363
Rental types: 200 one-bedroom apartments, 103 two-bedroom apartments, 14 three-bedroom apartments
Property size: 273,917 sq.ft., 5 and 6 story – with parking on multi-level structure
Short description: Total parking – 420 spaces with additional garage parking available for $50 per month. Pool lounge with aqua deck, fire pit, and gas grills. Fitness club with cardio, crossfit, and yoga. Right off I-75 and I-85 near GA Tech.
Photo credits: Steelworks Atlanta Facebook Page
#6. The Reserve at the Ballpark: 321 rental units
Completed: July 2015
Address: 2875 Crescent Pkwy, Atlanta, GA 30339
Rental types: 160 one-bedroom apartments, 141 two-bedroom apartments, 20 three-bedroom apartments
Property size: 5 story – with parking on multi-level structure
Short description: Total parking – 642 Spaces. 24-hour fitness center with high end cardio equipment, crossfit, and yoga compliments. Salt water swimming pool with sunning ledge. Resident lounge featuring billiard table and fireplace. Complementary coffee bar.
Photo credits: The Reserve at the Ballpark Official Page
#5. Cyan on Peachtree: 329 rental units
Address: 3380 Peachtree Road NE, Atlanta, GA, 30326
Rental types: 190 one-bedroom apartments, 112 two-bedroom apartments, 27 penthouse apartments
Property size: 272,056 sq.ft., 23 story – with parking on multi-level structure
Short description: Total parking – 592 spaces with additional garage parking available for $100 per month. Located in walkable neighborhood with nearby dining, entertainment, and local parks. Rooftop terrace and pool. Barks and bubbles pet spa. Clubroom and social gathering hot spots. State-of-the-art fitness with yoga, spinning and aerobics.
Photo credits: Cyan on Peachtree Official Page, Yardi Matrix
#4. The High Rise at Post Alexander: 340 rental units – Check availability
Address: 600 Phipps Blvd, Atlanta, GA, 30326
Rental types: 102 studios, 113 one-bedroom apartments, 125 two-bedroom apartments
Property size: 282,264 sq.ft., 19 story – over seven levels of parking
Short description: Total parking – 597 Spaces. Rooftop terrace featuring kitchen, fire pit and grill pavilion with Buckhead and Midtown views. Resort-style pool with cabanas and outdoor dining area.
Photo credits: RENTCafé, Yardi Matrix
#3. Encore at Clairmont Apartments: 359 rental units
Address: 1000 Barone Avenue, Atlanta, GA, 30329
Rental types: 18 studios, 212 one-bedroom apartments, 120 two-bedroom apartments, 9 three-bedroom apartments
Property size: 327,950 sq.ft., 4 and 5 story
Short description: Total parking – 400 Spaces. Resort-style pool with cabanas and showers. Poolside BBQ grills and picnic areas. Spin bikes and separate yoga area. Fitness center with premium equipment. Onsite recycling center. Gated garage access.
Photo credits: Encore at Clairmont Apartments Facebook Page, Yardi Matrix
#2. SkyHouse Buckhead: 364 rental units
Address: 3390 Stratford Road NE, Atlanta, GA, 30326
Rental types: 88 studios, 174 one-bedroom apartments, 88 two-bedroom apartments, 14 three-bedroom apartments
Property size: 284,377 sq.ft., 26-story – with parking on multi-level structure
Short description: Total parking – 450 spaces with covered parking available for an additional $50 per month. Walking distance to Phipps Plaza, Lenox Square, and the Buckhead Financial District. Pet-friendly building with pet spa and dog walk area. Two sun-soaked saline pools with skyline views. Outdoor fireplaces and lounge seating.
Photo credits: SkyHouse Buckhead Facebook Page, Yardi Matrix
#1. The Residence Buckhead Atlanta: 370 rental units
Address: 297 East Paces Ferry Road, Atlanta, GA, 30305
Rental types: 18 studios, 171 one-bedroom apartments, 173 two-bedroom apartments, 8 penthouse apartments
Property size: 406,327 sq.ft., 13 story – includes 300,000 square feet of retail and 98,000 square feet of office
Short description: Total parking – 560 spaces with covered parking for an additional $50 per month. Private Clubhouse deck and on premises retail. Rooftop terrace and rooftop pool with barbecues and lounge areas.
Photo credits: The Residence Buckhead Atlanta, Yardi Matrix
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