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Jun
17

New Luxury Apartments Coming to Midtown Atlanta

By on Jun 17

free photoThere will be a new addition to the city skyline soon enough. Daniel Corp. and Selig Enterprises Inc. are planning Midtown’s first high-rise multifamily project in nearly ten years.

The development, called “77 12th Street,” is to be a 22-story apartment tower located at 12th Street and Crescent Avenue. This tower is being designed by local Atlanta architects Rule Joy Trammell + Rubio LLC.

Upon completion, the new tower of high rise homes will be located across from Ri Ra, an Irish pub in the Midtown area.

In a recent interview with Atlanta Business Chronicle, Steve Selig, the president of Selig Entreprises, has dubbed the Midtown area the perfect place for such an apartment project due to its location in the heart of Atlanta, traffic grid, park, arts and educational opportunities.

In terms of Atlanta real estate, the midtown area has not seen development of a substantial new tower since the 2002 Metropolis project built by Wood Partners LLC and Novare Group Inc. Daniel Corp. and Selig Enterprises Inc. actually pushed this project to the top of its priority list after deciding to hold off on a project that would have created a new tower of offices in the Atlanta area.

As reported by the Atlanta Business Chronicle, other developers are currently building in or looking to move into the Midtown area of Atlanta as well.

Additionally, Oliver McMillan, Novare’s founder Jim Borders, Preserve Properties LLC and John Draper all have apartment projects at various stages in the works. Finger Cos. is also rumored to be investigating the Atlanta area to add a luxury Atlanta apartments community of its own.

Has news of these soon-to-be and rumored luxury apartments coming to the Atlanta area changed your housing plans? Which project are you most eager to tour? Go read the 
Atlanta Business Chronicle’s article and come back to let us know!

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