Buckhead’s 2.2M-SF Piedmont Center Bracing for Foreclosure
Buckhead’s 2.2M-SF Piedmont Center Bracing for Foreclosure
Morgan Stanley has filed to foreclose on a $330.8 million loan tied to the Piedmont Center, a 46-acre property that includes 14 office buildings along Piedmont Road.
The Atlanta Business Chronicle reports Ardent Cos., which owns the 2.2 million-square-foot campus, has defaulted on the loan. Piedmont Center was valued at $657 million, or $299 per square foot when Ardent lined up the debt package from Morgan Stanley in 2021. That was before interest rates soared and building valuations began to fall.
Morgan Stanley intends to foreclose on Piedmont Center on February 4th.
Bids for Piedmont Center could be near $200 million, or $91 per square foot. That’s a 70% decline from its value in 2021. JLL is marketing the Piedmont Center. The offering says it represents a generational opportunity to control a prominent position in the Buckhead office market with significant in-place cash flows and highly flexible business plan optionality.
The post Buckhead’s 2.2M-SF Piedmont Center Bracing for Foreclosure appeared first on Connect CRE.
Morgan Stanley has filed to foreclose on a $330.8 million loan tied to the Piedmont Center, a 46-acre property that includes 14 office buildings along Piedmont Road. The Atlanta Business Chronicle reports Ardent Cos., which owns the 2.2 million-square-foot campus, has defaulted on the loan. Piedmont Center was valued at $657 million, or $299 per square foot …
The post Buckhead’s 2.2M-SF Piedmont Center Bracing for Foreclosure appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Morgan Stanley has filed to foreclose on a $330.8 million loan tied to the Piedmont Center, a 46-acre property that includes 14 office buildings along Piedmont Road. The Atlanta Business Chronicle reports Ardent Cos., which owns the 2.2 million-square-foot campus, has defaulted on the loan. Piedmont Center was valued at $657 million, or $299 per square foot …
The post Buckhead’s 2.2M-SF Piedmont Center Bracing for Foreclosure appeared first on Connect CRE.
PMT Unloads Steele Creek Shopping Center
PMT Unloads Steele Creek Shopping Center
PMT Partners sold York Ridge Shopping Center in the Steele Creek area of Charlotte for $16.9 million. Old York LLC was the buyer. The Charlotte Business Journal reports it last sold for $8.1 million in 2001.
The 11-acre property is at 11112 Tryon St. The 71,406-square-foot center was built in 1999 and was 100% occupied at the time of the sale. Crunch Fitness is the anchor tenant there, occupying 44,000 square feet. It is also home to Sabor Latin Street Grill, Jersey Mike’s, China Tea and the Cuban restaurant A Taste of Havana.
TSCG represented PMT Partners in the sale. Ascent Real Estate Partners represented Old York.
TSCG recorded over $2 billion in transactions in 2021. The firm exclusively represents over 480 retailers and restaurants. Ascent says it is a boutique commercial real estate firm specializing in retail, office and mixed-use properties in the Piedmont area of the Carolinas.
The post PMT Unloads Steele Creek Shopping Center appeared first on Connect CRE.
PMT Partners sold York Ridge Shopping Center in the Steele Creek area of Charlotte for $16.9 million. Old York LLC was the buyer. The Charlotte Business Journal reports it last sold for $8.1 million in 2001. The 11-acre property is at 11112 Tryon St. The 71,406-square-foot center was built in 1999 and was 100% occupied …
The post PMT Unloads Steele Creek Shopping Center appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
PMT Partners sold York Ridge Shopping Center in the Steele Creek area of Charlotte for $16.9 million. Old York LLC was the buyer. The Charlotte Business Journal reports it last sold for $8.1 million in 2001. The 11-acre property is at 11112 Tryon St. The 71,406-square-foot center was built in 1999 and was 100% occupied …
The post PMT Unloads Steele Creek Shopping Center appeared first on Connect CRE.
What an $8.5M new condo in downtown Savannah looks like
What an $8.5M new condo in downtown Savannah looks like
What an $8.5M new condo in downtown Savannah looks like
Josh Green
Thu, 01/09/2025 – 15:53
A stately infill project billed as Savannah’s “newest—and last—riverside neighborhood” is coming together with pricing that makes residential real estate in places like Buckhead, Ansley Park, and Morningside seem comparatively accessible.
Upper East River, as the growing development is called, continues Savannah’s mixed-use expansion on what had been marshy fields just east of River Street, off the highway that links the city to Tybee Island.
According to developer Patrick Malloy Communities, Upper East River is offering five distinctive “living environments” that range from brownstone-style townhomes to sprawling penthouses with sweeping river views.
More than 120 units and riverfront amenities buildings are eventually planned, and 84 homes have closed to date, according to the project’s website.
Perks of the location include immediate access to the 1.6-mile Riverwalk and recent development next door, such as Eastern Wharf shops, acclaimed restaurants, and a public boat dock. Upper East River’s amenities—a clubhouse with a pool, rooftop deck, bar, and fitness center—are scheduled to open this year, per listings with Berkshire Hathaway HomeServices Georgia Properties.
Current prices soar to north of $8 million.
Facade of the Mayor Building Residences condos at Upper East River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Upper East River’s riverfront site, just east of downtown Savannah’s historic squares and famously walkable blocks. Google Maps
On the flipside, Upper East River’s least expensive, foot-in-the-door option right now is the Emma Townhome. That includes three bedrooms and three and ½ bathrooms in 1,894 square feet for $995,000—and up. (The only townhome on the market in Atlanta right now with similar sizing and pricing is an under-contract offering in Inman Park, which isn’t new but is larger and cheaper.)
But the Big Kahuna of Upper East River real estate is the penthouse at what’s called the Mayor Building Residences. The building offers just five units, and all are spread across a single story.
For $8.5 million, the Mayors Penthouse has three bedrooms and three and ½ bathrooms across 4,400 square feet—for a breakdown of more than $1,700 per square foot.
Upper East River’s placement along a newer pathway that directly links with Savannah’s River Street ahead. Josh Green/Urbanize Atlanta
Ground-floor entry of the Mayor Building Residences. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Naturally, that price includes an elevator keyed to the penthouse floor, but just two dedicated parking spaces. More unique perks include a private rooftop terrace with a fireplace—and a private pool overlooking the Savannah River.
If renderings are reality, the interiors should be rather gorgeous, of course.
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
We’ve checked with sales reps in recent weeks to learn the status of Upper East River’s construction and full delivery, but inquiries weren’t returned. This story will be updated with any additional information that comes.
In the meantime, find more context and a thorough Mayors Penthouse tour in the gallery above.
Site layout for Upper East River. Light green represents homes under contract, red are spec homes, and gray are future phases. Dark-green properties have closed. Beige areas are the two Mayors Buildings and amenities. Patrick Malloy Communities
…
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Upper East River’s riverfront site, just east of downtown Savannah’s historic squares and famously walkable blocks. Google Maps
Facade of the Mayor Building Residences condos at Upper East River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Construction progress on a riverfront section of the Upper East River development in late November. A photo of a large new development site in Savannah with many new buildings and a pathway next to a huge river.
The window-heavy back portion of the building faces the Savannah River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Upper East River’s placement along a newer pathway that directly links with Savannah’s River Street ahead. Josh Green/Urbanize Atlanta
Ground-floor entry of the Mayor Building Residences. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Site layout for Upper East River. Light green represents homes under contract, red are spec homes, and gray are future phases. Dark-green properties have closed. Beige areas are the two Mayors Buildings and amenities. Patrick Malloy Communities
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
What an $8.5M new condo in downtown Savannah looks like
Josh Green
Thu, 01/09/2025 – 15:53
A stately infill project billed as Savannah’s “newest—and last—riverside neighborhood” is coming together with pricing that makes residential real estate in places like Buckhead, Ansley Park, and Morningside seem comparatively accessible.
Upper East River, as the growing development is called, continues Savannah’s mixed-use expansion on what had been marshy fields just east of River Street, off the highway that links the city to Tybee Island.
According to developer Patrick Malloy Communities, Upper East River is offering five distinctive “living environments” that range from brownstone-style townhomes to sprawling penthouses with sweeping river views.
More than 120 units and riverfront amenities buildings are eventually planned, and 84 homes have closed to date, according to the project’s website.
Perks of the location include immediate access to the 1.6-mile Riverwalk and recent development next door, such as Eastern Wharf shops, acclaimed restaurants, and a public boat dock. Upper East River’s amenities—a clubhouse with a pool, rooftop deck, bar, and fitness center—are scheduled to open this year, per listings with Berkshire Hathaway HomeServices Georgia Properties.
Current prices soar to north of $8 million.
Facade of the Mayor Building Residences condos at Upper East River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Upper East River’s riverfront site, just east of downtown Savannah’s historic squares and famously walkable blocks. Google Maps
On the flipside, Upper East River’s least expensive, foot-in-the-door option right now is the Emma Townhome. That includes three bedrooms and three and ½ bathrooms in 1,894 square feet for $995,000—and up. (The only townhome on the market in Atlanta right now with similar sizing and pricing is an under-contract offering in Inman Park, which isn’t new but is larger and cheaper.)
But the Big Kahuna of Upper East River real estate is the penthouse at what’s called the Mayor Building Residences. The building offers just five units, and all are spread across a single story.
For $8.5 million, the Mayors Penthouse has three bedrooms and three and ½ bathrooms across 4,400 square feet—for a breakdown of more than $1,700 per square foot.
Upper East River’s placement along a newer pathway that directly links with Savannah’s River Street ahead. Josh Green/Urbanize Atlanta
Ground-floor entry of the Mayor Building Residences. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Naturally, that price includes an elevator keyed to the penthouse floor, but just two dedicated parking spaces. More unique perks include a private rooftop terrace with a fireplace—and a private pool overlooking the Savannah River.
If renderings are reality, the interiors should be rather gorgeous, of course.
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
We’ve checked with sales reps in recent weeks to learn the status of Upper East River’s construction and full delivery, but inquiries weren’t returned. This story will be updated with any additional information that comes.
In the meantime, find more context and a thorough Mayors Penthouse tour in the gallery above.
Site layout for Upper East River. Light green represents homes under contract, red are spec homes, and gray are future phases. Dark-green properties have closed. Beige areas are the two Mayors Buildings and amenities. Patrick Malloy Communities
…
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Upper East River’s riverfront site, just east of downtown Savannah’s historic squares and famously walkable blocks. Google Maps
Facade of the Mayor Building Residences condos at Upper East River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Construction progress on a riverfront section of the Upper East River development in late November. A photo of a large new development site in Savannah with many new buildings and a pathway next to a huge river.
The window-heavy back portion of the building faces the Savannah River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Upper East River’s placement along a newer pathway that directly links with Savannah’s River Street ahead. Josh Green/Urbanize Atlanta
Ground-floor entry of the Mayor Building Residences. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Site layout for Upper East River. Light green represents homes under contract, red are spec homes, and gray are future phases. Dark-green properties have closed. Beige areas are the two Mayors Buildings and amenities. Patrick Malloy Communities
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Subtitle
It’s part of Upper East River, billed as “Savannah’s newest—and last—riverside neighborhood”
Neighborhood
Savannah
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Before/After Images
Sponsored Post
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What an $8.5M new condo in downtown Savannah looks like
Josh Green
Thu, 01/09/2025 – 15:53
A stately infill project billed as Savannah’s “newest—and last—riverside neighborhood” is coming together with pricing that makes residential real estate in places like Buckhead, Ansley Park, and Morningside seem comparatively accessible.
Upper East River, as the growing development is called, continues Savannah’s mixed-use expansion on what had been marshy fields just east of River Street, off the highway that links the city to Tybee Island.
According to developer Patrick Malloy Communities, Upper East River is offering five distinctive “living environments” that range from brownstone-style townhomes to sprawling penthouses with sweeping river views.
More than 120 units and riverfront amenities buildings are eventually planned, and 84 homes have closed to date, according to the project’s website.
Perks of the location include immediate access to the 1.6-mile Riverwalk and recent development next door, such as Eastern Wharf shops, acclaimed restaurants, and a public boat dock. Upper East River’s amenities—a clubhouse with a pool, rooftop deck, bar, and fitness center—are scheduled to open this year, per listings with Berkshire Hathaway HomeServices Georgia Properties.
Current prices soar to north of $8 million.
Facade of the Mayor Building Residences condos at Upper East River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Upper East River’s riverfront site, just east of downtown Savannah’s historic squares and famously walkable blocks. Google Maps
On the flipside, Upper East River’s least expensive, foot-in-the-door option right now is the Emma Townhome. That includes three bedrooms and three and ½ bathrooms in 1,894 square feet for $995,000—and up. (The only townhome on the market in Atlanta right now with similar sizing and pricing is an under-contract offering in Inman Park, which isn’t new but is larger and cheaper.)
But the Big Kahuna of Upper East River real estate is the penthouse at what’s called the Mayor Building Residences. The building offers just five units, and all are spread across a single story.
For $8.5 million, the Mayors Penthouse has three bedrooms and three and ½ bathrooms across 4,400 square feet—for a breakdown of more than $1,700 per square foot.
Upper East River’s placement along a newer pathway that directly links with Savannah’s River Street ahead. Josh Green/Urbanize Atlanta
Ground-floor entry of the Mayor Building Residences. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Naturally, that price includes an elevator keyed to the penthouse floor, but just two dedicated parking spaces. More unique perks include a private rooftop terrace with a fireplace—and a private pool overlooking the Savannah River.
If renderings are reality, the interiors should be rather gorgeous, of course.
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
We’ve checked with sales reps in recent weeks to learn the status of Upper East River’s construction and full delivery, but inquiries weren’t returned. This story will be updated with any additional information that comes.
In the meantime, find more context and a thorough Mayors Penthouse tour in the gallery above.
Site layout for Upper East River. Light green represents homes under contract, red are spec homes, and gray are future phases. Dark-green properties have closed. Beige areas are the two Mayors Buildings and amenities. Patrick Malloy Communities
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Savannah news, discussion (Urbanize Atlanta)
Tags
415 Upper East Ave.
Savannah
City of Savannah
OTP
Georgia
Georgia Cities
Downtown Savannah
Savannah Construction
Savannah Development
Eastern Wharf
Upper East River at Eastern Wharf
Savannah River
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gentrification
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Images
Upper East River’s riverfront site, just east of downtown Savannah’s historic squares and famously walkable blocks. Google Maps
Facade of the Mayor Building Residences condos at Upper East River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Construction progress on a riverfront section of the Upper East River development in late November. A photo of a large new development site in Savannah with many new buildings and a pathway next to a huge river.
The window-heavy back portion of the building faces the Savannah River. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Upper East River’s placement along a newer pathway that directly links with Savannah’s River Street ahead. Josh Green/Urbanize Atlanta
Ground-floor entry of the Mayor Building Residences. Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Patrick Malloy Communities/ Berkshire Hathaway HomeServices Georgia Properties/SMLC
Site layout for Upper East River. Light green represents homes under contract, red are spec homes, and gray are future phases. Dark-green properties have closed. Beige areas are the two Mayors Buildings and amenities. Patrick Malloy Communities
Josh Green/Urbanize Atlanta
Josh Green/Urbanize Atlanta
Subtitle
It’s part of Upper East River, billed as “Savannah’s newest—and last—riverside neighborhood”
Neighborhood
Savannah
Background Image
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Before/After Images
Sponsored Post
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Officials: 1,100 more residences, retail on Midtown’s 2025 horizon
Officials: 1,100 more residences, retail on Midtown’s 2025 horizon
Officials: 1,100 more residences, retail on Midtown’s 2025 horizon
Josh Green
Thu, 01/09/2025 – 13:39
The influx of new proposals and sheer number of construction cranes in Midtown may have recently subsided, but don’t expect an idle new year in Atlanta’s hottest hotbed of high-rise growth.
According to current construction schedules, Midtown is expected to pack on another 15,000 square feet of retail space and nearly 1,100 more apartments between spring and fall this year, as “the [district’s] momentum continues to surge,” per a 2025 outlook compiled by Midtown Alliance.
That tally includes four new towers—in three separate projects—either on or within a few blocks of Peachtree Street, all of them by developers with a growing presence and portfolio in Atlanta. (Per the most recent stats provided to Urbanize Atlanta by those firms, the exact new apartment tally for Midtown in 2025 will be 1,062 new units, with less than 20 percent of those geared toward college students.)
A revised rendering showing Modera Parkside’s east facade, with color flourishes that echo the nearby Rainbow Crosswalk and a revised parking podium near 10th Street.Mill Creek Residential/Modera Parkside
The first project to start opening, 32-story Modera Parkside, includes 361 apartments (priced from $1,794 monthly) and 3,400 square feet of street retail, about two blocks from Piedmont Park.
That tower is on pace to finish construction in the third quarter of 2025, officials with developer Mill Creek Residential have said.
How the two-tower project is expected to look from Piedmont Park, where it’s also now visible from the banks of Lake Clara Meer. Middle Street Partners; designs, Brock Hudgins Architects
A couple of blocks north of there, the two-tower 1081 Juniper St. project led by Charleston-based developer Middle Street Partners has topped out, with expectations to start opening this spring.
The larger North tower climbed to 400 feet in 2024, offering 320 units across 37 stories. The South tower, meanwhile, has topped out at 380 feet, with 34 stories, larger floorplans, and what’s designed to feel more like a boutique offering of only 167 units, the development team has said.
Rooftop views planned for Rambler Atlanta. Niles Bolton Associates
Last on the 2025 docket is 19-story Rambler Atlanta at 736 Peachtree St., a student-housing venture that will count 214 apartments and 2,977 square feet of retail space come this fall.
Following a candid year-end post on these pages pointing out what a blast living at Rambler is being marketed to be, reps with Austin-based developer LV Collective send word that an entire floor of the building will be dedicated to study time, with nine private study rooms and six conference rooms.
“Rambler’s study floor offers spaces designed for different styles of study, allowing for perceived privacy and intimacy, while still feeling connected and immersed in the larger public space” for better mental and physical health, the development team noted via email.
An updated look at Peachtree Street retail plans at Rambler Atlanta’s base. Niles Bolton Associates
Beyond those 2025 deliveries, Midtown Alliance’s development tracker lists four more projects of significant scale that are actively under construction and expected to deliver next year. But among that list is Dewberry Capital’s long-delayed Campanile remake—now titled “The Midtowne”—so the count more realistically is three.
The apartment influx this year will follow a (nearly) record-breaking 2024, when the 1.2-square-mile subdistrict saw a new project of significant scale open, on average, every two months.
Last year’s Midtown development surge packed in nearly 2,200 apartments—the second-most in a 12-month timeframe in history—and 65,000 square feet of retail space across six residential and office projects.
Those high-rise entrants to Midtown’s apartment market last year added significant beef to the skyline. They included Momentum Midtown (70 total stories), Emmi Midtown (31 stories), Loria Ansley (28 stories), and Society Atlanta (also 31 stories).
…
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Officials: 1,100 more residences, retail on Midtown’s 2025 horizon
Josh Green
Thu, 01/09/2025 – 13:39
The influx of new proposals and sheer number of construction cranes in Midtown may have recently subsided, but don’t expect an idle new year in Atlanta’s hottest hotbed of high-rise growth.
According to current construction schedules, Midtown is expected to pack on another 15,000 square feet of retail space and nearly 1,100 more apartments between spring and fall this year, as “the [district’s] momentum continues to surge,” per a 2025 outlook compiled by Midtown Alliance.
That tally includes four new towers—in three separate projects—either on or within a few blocks of Peachtree Street, all of them by developers with a growing presence and portfolio in Atlanta. (Per the most recent stats provided to Urbanize Atlanta by those firms, the exact new apartment tally for Midtown in 2025 will be 1,062 new units, with less than 20 percent of those geared toward college students.)
A revised rendering showing Modera Parkside’s east facade, with color flourishes that echo the nearby Rainbow Crosswalk and a revised parking podium near 10th Street.Mill Creek Residential/Modera Parkside
The first project to start opening, 32-story Modera Parkside, includes 361 apartments (priced from $1,794 monthly) and 3,400 square feet of street retail, about two blocks from Piedmont Park.
That tower is on pace to finish construction in the third quarter of 2025, officials with developer Mill Creek Residential have said.
How the two-tower project is expected to look from Piedmont Park, where it’s also now visible from the banks of Lake Clara Meer. Middle Street Partners; designs, Brock Hudgins Architects
A couple of blocks north of there, the two-tower 1081 Juniper St. project led by Charleston-based developer Middle Street Partners has topped out, with expectations to start opening this spring.
The larger North tower climbed to 400 feet in 2024, offering 320 units across 37 stories. The South tower, meanwhile, has topped out at 380 feet, with 34 stories, larger floorplans, and what’s designed to feel more like a boutique offering of only 167 units, the development team has said.
Rooftop views planned for Rambler Atlanta. Niles Bolton Associates
Last on the 2025 docket is 19-story Rambler Atlanta at 736 Peachtree St., a student-housing venture that will count 214 apartments and 2,977 square feet of retail space come this fall.
Following a candid year-end post on these pages pointing out what a blast living at Rambler is being marketed to be, reps with Austin-based developer LV Collective send word that an entire floor of the building will be dedicated to study time, with nine private study rooms and six conference rooms.
“Rambler’s study floor offers spaces designed for different styles of study, allowing for perceived privacy and intimacy, while still feeling connected and immersed in the larger public space” for better mental and physical health, the development team noted via email.
An updated look at Peachtree Street retail plans at Rambler Atlanta’s base. Niles Bolton Associates
Beyond those 2025 deliveries, Midtown Alliance’s development tracker lists four more projects of significant scale that are actively under construction and expected to deliver next year. But among that list is Dewberry Capital’s long-delayed Campanile remake—now titled “The Midtowne”—so the count more realistically is three.
The apartment influx this year will follow a (nearly) record-breaking 2024, when the 1.2-square-mile subdistrict saw a new project of significant scale open, on average, every two months.
Last year’s Midtown development surge packed in nearly 2,200 apartments—the second-most in a 12-month timeframe in history—and 65,000 square feet of retail space across six residential and office projects.
Those high-rise entrants to Midtown’s apartment market last year added significant beef to the skyline. They included Momentum Midtown (70 total stories), Emmi Midtown (31 stories), Loria Ansley (28 stories), and Society Atlanta (also 31 stories).
…
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Subtitle
Four towers on deck this year, following 2024 development surge, Midtown Alliance reports
Neighborhood
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Officials: 1,100 more residences, retail on Midtown’s 2025 horizon
Josh Green
Thu, 01/09/2025 – 13:39
The influx of new proposals and sheer number of construction cranes in Midtown may have recently subsided, but don’t expect an idle new year in Atlanta’s hottest hotbed of high-rise growth.
According to current construction schedules, Midtown is expected to pack on another 15,000 square feet of retail space and nearly 1,100 more apartments between spring and fall this year, as “the [district’s] momentum continues to surge,” per a 2025 outlook compiled by Midtown Alliance.
That tally includes four new towers—in three separate projects—either on or within a few blocks of Peachtree Street, all of them by developers with a growing presence and portfolio in Atlanta. (Per the most recent stats provided to Urbanize Atlanta by those firms, the exact new apartment tally for Midtown in 2025 will be 1,062 new units, with less than 20 percent of those geared toward college students.)
A revised rendering showing Modera Parkside’s east facade, with color flourishes that echo the nearby Rainbow Crosswalk and a revised parking podium near 10th Street.Mill Creek Residential/Modera Parkside
The first project to start opening, 32-story Modera Parkside, includes 361 apartments (priced from $1,794 monthly) and 3,400 square feet of street retail, about two blocks from Piedmont Park.
That tower is on pace to finish construction in the third quarter of 2025, officials with developer Mill Creek Residential have said.
How the two-tower project is expected to look from Piedmont Park, where it’s also now visible from the banks of Lake Clara Meer. Middle Street Partners; designs, Brock Hudgins Architects
A couple of blocks north of there, the two-tower 1081 Juniper St. project led by Charleston-based developer Middle Street Partners has topped out, with expectations to start opening this spring.
The larger North tower climbed to 400 feet in 2024, offering 320 units across 37 stories. The South tower, meanwhile, has topped out at 380 feet, with 34 stories, larger floorplans, and what’s designed to feel more like a boutique offering of only 167 units, the development team has said.
Rooftop views planned for Rambler Atlanta. Niles Bolton Associates
Last on the 2025 docket is 19-story Rambler Atlanta at 736 Peachtree St., a student-housing venture that will count 214 apartments and 2,977 square feet of retail space come this fall.
Following a candid year-end post on these pages pointing out what a blast living at Rambler is being marketed to be, reps with Austin-based developer LV Collective send word that an entire floor of the building will be dedicated to study time, with nine private study rooms and six conference rooms.
“Rambler’s study floor offers spaces designed for different styles of study, allowing for perceived privacy and intimacy, while still feeling connected and immersed in the larger public space” for better mental and physical health, the development team noted via email.
An updated look at Peachtree Street retail plans at Rambler Atlanta’s base. Niles Bolton Associates
Beyond those 2025 deliveries, Midtown Alliance’s development tracker lists four more projects of significant scale that are actively under construction and expected to deliver next year. But among that list is Dewberry Capital’s long-delayed Campanile remake—now titled “The Midtowne”—so the count more realistically is three.
The apartment influx this year will follow a (nearly) record-breaking 2024, when the 1.2-square-mile subdistrict saw a new project of significant scale open, on average, every two months.
Last year’s Midtown development surge packed in nearly 2,200 apartments—the second-most in a 12-month timeframe in history—and 65,000 square feet of retail space across six residential and office projects.
Those high-rise entrants to Midtown’s apartment market last year added significant beef to the skyline. They included Momentum Midtown (70 total stories), Emmi Midtown (31 stories), Loria Ansley (28 stories), and Society Atlanta (also 31 stories).
…
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Four towers on deck this year, following 2024 development surge, Midtown Alliance reports
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Tiny house pitched for prominent Inman Park corner near village
Tiny house pitched for prominent Inman Park corner near village
Tiny house pitched for prominent Inman Park corner near village
Josh Green
Thu, 01/09/2025 – 08:17
The phrases “tiny home proposal” and “Inman Park real estate” aren’t typically associated with each other, but that changed this week.
What’s being marketed as a “Charming Tiny Home Opportunity in Inman Park! WOW!” came up for sale Tuesday on a high-profile corner of the historic neighborhood known more for titanic-sized Victorians and Romanesque mansions.
The pint-sized, triangular site in question spans just .1 acres (or 3,267 square feet) where Elizabeth Street meets Lake Avenue.
The atypical shape of the .1-acre lot, where Elizabeth Street meets Lake Avenue. Google Maps
That’s across the street from the block with the original Savi Provisions store and The Albert pub, with commercial village attractions such as Bread & Butterfly, MF Sushi, and BeetleCat just around the corner.
The new asking price for the land, as listed with Berkshire Hathaway HomeServices Georgia Properties, is $400,000 even.
Both a “cozy tiny home retreat” and “quaint office space”—or both, combined—are pitched as possibilities for the site, pending approvals.
“This exceptional triangular corner lot is not just a piece of land; it’s a canvas for your dreams,” reads the spiel. “With the possibility of variances, you have the flexibility to create a distinctive living space that stands out as a true gem in the city.”
Not the actual Inman Park proposal, but a reasonable facsimile of tiny houses shown as homeownership possibilities in listings. Shutterstock
Scope of developable land at 254 Elizabeth St., per listings. Berkshire Hathaway HomeServices Georgia Properties
The property has been periodically listed—for as high as $525,000—since the summer of 2020, but has yet to lure a taker.
Beyond the charming setting and proximity to shopping and eats, the pie-shaped parcel counts easy walkability to the Beltline’s Eastside Trail, with a MARTA rail hub a few blocks away. Which helps explain the strong 91 Walk Score.
Still… it’s all about as niche as niche gets around here.
The triangular 254 Elizabeth St. site in relation to Inman Park’s commercial village. Google Maps
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Inman Park news, discussion (Urbanize Atlanta)
The triangular 254 Elizabeth St. site in relation to Inman Park’s commercial village. Google Maps
Not the actual Inman Park proposal, but a reasonable facsimile of tiny houses shown as homeownership possibilities in listings. Shutterstock
Scope of developable land at 254 Elizabeth St., per listings. Berkshire Hathaway HomeServices Georgia Properties
The atypical shape of the .1-acre lot, where Elizabeth Street meets Lake Avenue. Google Maps
Tiny house pitched for prominent Inman Park corner near village
Josh Green
Thu, 01/09/2025 – 08:17
The phrases “tiny home proposal” and “Inman Park real estate” aren’t typically associated with each other, but that changed this week.
What’s being marketed as a “Charming Tiny Home Opportunity in Inman Park! WOW!” came up for sale Tuesday on a high-profile corner of the historic neighborhood known more for titanic-sized Victorians and Romanesque mansions.
The pint-sized, triangular site in question spans just .1 acres (or 3,267 square feet) where Elizabeth Street meets Lake Avenue.
The atypical shape of the .1-acre lot, where Elizabeth Street meets Lake Avenue. Google Maps
That’s across the street from the block with the original Savi Provisions store and The Albert pub, with commercial village attractions such as Bread & Butterfly, MF Sushi, and BeetleCat just around the corner.
The new asking price for the land, as listed with Berkshire Hathaway HomeServices Georgia Properties, is $400,000 even.
Both a “cozy tiny home retreat” and “quaint office space”—or both, combined—are pitched as possibilities for the site, pending approvals.
“This exceptional triangular corner lot is not just a piece of land; it’s a canvas for your dreams,” reads the spiel. “With the possibility of variances, you have the flexibility to create a distinctive living space that stands out as a true gem in the city.”
Not the actual Inman Park proposal, but a reasonable facsimile of tiny houses shown as homeownership possibilities in listings. Shutterstock
Scope of developable land at 254 Elizabeth St., per listings. Berkshire Hathaway HomeServices Georgia Properties
The property has been periodically listed—for as high as $525,000—since the summer of 2020, but has yet to lure a taker.
Beyond the charming setting and proximity to shopping and eats, the pie-shaped parcel counts easy walkability to the Beltline’s Eastside Trail, with a MARTA rail hub a few blocks away. Which helps explain the strong 91 Walk Score.
Still… it’s all about as niche as niche gets around here.
The triangular 254 Elizabeth St. site in relation to Inman Park’s commercial village. Google Maps
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Inman Park news, discussion (Urbanize Atlanta)
Tags
254 Elizabeth Street NE
Berkshire Hathaway HomeServices Georgia Properties
Inman Park Homes
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Atlanta Land
Land for Sale
Tiny Home
Tiny Homes
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The triangular 254 Elizabeth St. site in relation to Inman Park’s commercial village. Google Maps
Not the actual Inman Park proposal, but a reasonable facsimile of tiny houses shown as homeownership possibilities in listings. Shutterstock
Scope of developable land at 254 Elizabeth St., per listings. Berkshire Hathaway HomeServices Georgia Properties
The atypical shape of the .1-acre lot, where Elizabeth Street meets Lake Avenue. Google Maps
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Sellers: Pint-sized Elizabeth Street site is “a canvas for your dreams”
Neighborhood
Inman Park
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Tiny house pitched for prominent Inman Park corner near village
Josh Green
Thu, 01/09/2025 – 08:17
The phrases “tiny home proposal” and “Inman Park real estate” aren’t typically associated with each other, but that changed this week.
What’s being marketed as a “Charming Tiny Home Opportunity in Inman Park! WOW!” came up for sale Tuesday on a high-profile corner of the historic neighborhood known more for titanic-sized Victorians and Romanesque mansions.
The pint-sized, triangular site in question spans just .1 acres (or 3,267 square feet) where Elizabeth Street meets Lake Avenue.
The atypical shape of the .1-acre lot, where Elizabeth Street meets Lake Avenue. Google Maps
That’s across the street from the block with the original Savi Provisions store and The Albert pub, with commercial village attractions such as Bread & Butterfly, MF Sushi, and BeetleCat just around the corner.
The new asking price for the land, as listed with Berkshire Hathaway HomeServices Georgia Properties, is $400,000 even.
Both a “cozy tiny home retreat” and “quaint office space”—or both, combined—are pitched as possibilities for the site, pending approvals.
“This exceptional triangular corner lot is not just a piece of land; it’s a canvas for your dreams,” reads the spiel. “With the possibility of variances, you have the flexibility to create a distinctive living space that stands out as a true gem in the city.”
Not the actual Inman Park proposal, but a reasonable facsimile of tiny houses shown as homeownership possibilities in listings. Shutterstock
Scope of developable land at 254 Elizabeth St., per listings. Berkshire Hathaway HomeServices Georgia Properties
The property has been periodically listed—for as high as $525,000—since the summer of 2020, but has yet to lure a taker.
Beyond the charming setting and proximity to shopping and eats, the pie-shaped parcel counts easy walkability to the Beltline’s Eastside Trail, with a MARTA rail hub a few blocks away. Which helps explain the strong 91 Walk Score.
Still… it’s all about as niche as niche gets around here.
The triangular 254 Elizabeth St. site in relation to Inman Park’s commercial village. Google Maps
…
Follow us on social media:
Twitter / Facebook/and now: Instagram
• Inman Park news, discussion (Urbanize Atlanta)
Tags
254 Elizabeth Street NE
Berkshire Hathaway HomeServices Georgia Properties
Inman Park Homes
Land deals
Atlanta Land
Land for Sale
Tiny Home
Tiny Homes
Tiny Houses
Elizabeth Street
Images
The triangular 254 Elizabeth St. site in relation to Inman Park’s commercial village. Google Maps
Not the actual Inman Park proposal, but a reasonable facsimile of tiny houses shown as homeownership possibilities in listings. Shutterstock
Scope of developable land at 254 Elizabeth St., per listings. Berkshire Hathaway HomeServices Georgia Properties
The atypical shape of the .1-acre lot, where Elizabeth Street meets Lake Avenue. Google Maps
Subtitle
Sellers: Pint-sized Elizabeth Street site is “a canvas for your dreams”
Neighborhood
Inman Park
Background Image
Image
Before/After Images
Sponsored Post
Off
ExCap Picks Up Charlotte Rental Asset for $54.7M
ExCap Picks Up Charlotte Rental Asset for $54.7M
Mesirow sold a 216-unit Charlotte apartment community to Expedition Capital Advisors (ExCap) for $54.7 million.
Northmarq’s Andrea Howard, John Currin, Allan Lynch, Caylor Mark, Jeff Glenn, and Austin Jackson brokered the sale of Enclave at Rivergate, a multifamily property built in 2009 and located at 12400 Toscana Way.
Northmarq’s Carolinas Debt + Equity team, led by Faron Thompson, Grant Harris, and Cabell Thomas, secured the permanent fixed loan on behalf of ExCap. The deal was completed with a loan from Freddie Mac and structured on a 5-year term with a 35-year amortization schedule.
Enclave at Rivergate features several renovations and upgrades since 2019, including painted balconies and breezeways, an added hammock garden, a reconfigured clubhouse layout, expanded and upgraded fitness and cardio center, more communal and coworking space, introduced a 24-hour package concierge service, upgraded pool furniture, installed modern pergolas and soft seating for the pool, renovated grill stations and installed an oversized fire pit, and added outdoor gaming and entertainment options.
The post ExCap Picks Up Charlotte Rental Asset for $54.7M appeared first on Connect CRE.
Mesirow sold a 216-unit Charlotte apartment community to Expedition Capital Advisors (ExCap) for $54.7 million. Northmarq’s Andrea Howard, John Currin, Allan Lynch, Caylor Mark, Jeff Glenn, and Austin Jackson brokered the sale of Enclave at Rivergate, a multifamily property built in 2009 and located at 12400 Toscana Way. Northmarq’s Carolinas Debt + Equity team, led by Faron Thompson, Grant Harris, and …
The post ExCap Picks Up Charlotte Rental Asset for $54.7M appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
Mesirow sold a 216-unit Charlotte apartment community to Expedition Capital Advisors (ExCap) for $54.7 million. Northmarq’s Andrea Howard, John Currin, Allan Lynch, Caylor Mark, Jeff Glenn, and Austin Jackson brokered the sale of Enclave at Rivergate, a multifamily property built in 2009 and located at 12400 Toscana Way. Northmarq’s Carolinas Debt + Equity team, led by Faron Thompson, Grant Harris, and …
The post ExCap Picks Up Charlotte Rental Asset for $54.7M appeared first on Connect CRE.
Raleigh Apartment Investor Defaults on Loan, Forced to Sell
Raleigh Apartment Investor Defaults on Loan, Forced to Sell
The Brentmoor Apartments, located at 2080 Brentmoor Drive just outside the Beltline, sold for $45.6 million after the former owner, Silver Point Group, defaulted on the loan. St. Clair Holdings was the buyer. The Triangle Business Journal reports the company specializes in value-add real estate projects in the Southeast and Southwest.
Silver Point Group borrowed $45.6 million from an affiliate of Berkshire Residential in late 2021 to purchase the apartment complex for $52 million in early 2022.
The deed states that the borrower is in default as it “failed to pay the note as and when due” and that the default has continued. As of April 2024, Silver Point Group owed an outstanding balance of more than $48.7 million.
Brentmoor Apartments features one-, two- and three-bedroom units in 3-story buildings with rent starting at $999 a month. The units range from 735 to 1,240 square feet. Amenities include a swimming pool, grilling stations, fire pit, sauna, dog park, fitness center and more.
The post Raleigh Apartment Investor Defaults on Loan, Forced to Sell appeared first on Connect CRE.
The Brentmoor Apartments, located at 2080 Brentmoor Drive just outside the Beltline, sold for $45.6 million after the former owner, Silver Point Group, defaulted on the loan. St. Clair Holdings was the buyer. The Triangle Business Journal reports the company specializes in value-add real estate projects in the Southeast and Southwest. Silver Point Group borrowed $45.6 …
The post Raleigh Apartment Investor Defaults on Loan, Forced to Sell appeared first on Connect CRE. Read MoreAtlanta & Southeast Commercial Real Estate News
The Brentmoor Apartments, located at 2080 Brentmoor Drive just outside the Beltline, sold for $45.6 million after the former owner, Silver Point Group, defaulted on the loan. St. Clair Holdings was the buyer. The Triangle Business Journal reports the company specializes in value-add real estate projects in the Southeast and Southwest. Silver Point Group borrowed $45.6 …
The post Raleigh Apartment Investor Defaults on Loan, Forced to Sell appeared first on Connect CRE.
Dad’s Garage plans to revamp Old Fourth Ward home
Dad’s Garage plans to revamp Old Fourth Ward home
The Atlanta theater company’s exterior renovation will boost the curb appeal of its home, a former church.The Atlanta theater company’s exterior renovation will boost the curb appeal of its home, a former church. Read More Bizjournals.com Feed (2019-09-06 17:16:48)
The Atlanta theater company’s exterior renovation will boost the curb appeal of its home, a former church.
Dad’s Garage plans to revamp Old Fourth Ward home
Dad’s Garage plans to revamp Old Fourth Ward home
The Atlanta theater company’s exterior renovation will boost the curb appeal of its home, a former church.
The Atlanta theater company’s exterior renovation will boost the curb appeal of its home, a former church. Read MoreBizjournals.com Feed (2022-04-02 21:43:57)
The Atlanta theater company’s exterior renovation will boost the curb appeal of its home, a former church.
Nightingale’s Elie Schwartz To Face Federal Charges Related To CrowdStreet Scandal
Nightingale’s Elie Schwartz To Face Federal Charges Related To CrowdStreet Scandal
Nightingale Properties CEO Elie Schwartz is expected to face federal criminal charges next week for his role in allegedly embezzling $54M from crowdfunding investors.
Nightingale Properties CEO Elie Schwartz is expected to face federal criminal charges next week for his role in allegedly embezzling $54M from crowdfunding investors. Read MoreBisnow News Feed
Nightingale Properties CEO Elie Schwartz is expected to face federal criminal charges next week for his role in allegedly embezzling $54M from crowdfunding investors.