Pollack Shores Real Estate Group has filed permits to develop a 325-unit apartment complex at 1099 Boulevard, a site that lies next to the future leg of the southeast Atlanta BeltLine trail through the Chosewood Park neighborhood. The property, now under contract, is just north of the intersection of Boulevard and Englewood Avenue Details on the transaction were not disclosed.
“Hopefully, we kind of become the first project south of the BeltLine so our project kind of sets the tone for what goes on in Chosewood [Park] going forward,” Pollack Shores Development Vice President Tyler Gaines said.
BeltLine officials expect to develop the southeast trail portion, which will link the Eastside and Westside BeltLine trails, by 2023. The project will involve a mix of studio units on up to larger, three-bedroom units, with rents striving for the $1.70/SF range, Gaines said. While there are no plans for officially designated affordable units in the project, the planned rents are still well below Atlanta’s average of $1.86/SF, according to data from Haddow & Co. The project also will include 15K SF of retail stretching along Boulevard.
Read more here.