Two very visible parcels on the Peachtree Street of Central Town may be large residential development sites in the not too distant future.
The first is a one acre parking area at 1138 Peachtree Street, a short walk east of the Town Center Whole Food Market. The back of a 46-story residential building may be regarded as the second neighboring YO tower, according to the t Atlanta Business Chronicle.
A tower project at the site, in many iterations – including the concept of a hotel that came up in Dublin – has been working in the years before the big recession. However, the most recent plans submitted to the Neighborhood Planning Unit appear to indicate a real commitment.
The high rise would be approximately 530 feet high and there would be 330 dwellings and some lower level retail space at the Peachtree corner and the 13th streets, and the paper reports.
That means it is higher than the Midtown Icon, which was last year last year, and the 16th highest sky in Atlanta.
The Developer Trillist Co. still shopping around your investment partner, although most of the development activity in the neighborhood might give some credit to the possibility of the concept.
A second major residential tower proposed for the busy corridor – a 300 unit apartment building being developed by a firm based in Dallas StreetLights Residential – would be constructed approximately a mile south of 1138 Peachtree, near St Mark's, which is an old building. – The United Methodist Church.
One acre site also belongs to the historic church of the parcel, but it is now contracted by StreetLights ABC reported.
The tower design – reviewed only by NPU-E and potentially before the Town Center Development Review Committee by June – recited the other high glass platforms that occur in the area; typically it would seem like Gothic style of St. Mark's architecture, built in the early 1900s.
Streetlights portfolio shows some more projects with more classic bent.
More than 200 studios and a single bedroom, 75 beds, and 19 three beds could be in proposed StreetLights building, and rents between $ 2,200 to $ 5,000, according to the paper.