Milestones in Atlanta Multifamily Developments

Cyan on Peachtree

ATLANTA, Georgia. (September 23, 2015) – Brasfield & Gorrie today announced that construction is underway on Post Midtown Atlanta, a new high-rise residential tower in Midtown.

This 25-story, 575,000-square-foot apartment tower will include more than 350 residential units. Located at the northwest corner of 11th Street and Peachtree Walk over an existing MARTA tunnel, the building will feature a rooftop pool as well as a landscaped terrace and club room. Serving as general contractor, Brasfield & Gorrie’s Atlanta office is teaming with developer Post Properties and architect The Preston Partnership on this project, which will be completed in 2017.

Brasfield & Gorrie also recently completed another multifamily property in Metro Atlanta. In July, the general contractor completed Cyan on Peachtree, a 23-story residential tower in Buckhead owned and managed by Monogram Residential Trust. The 507,000-square-foot high-rise includes 329 units with high-end finishes and unique features like Bluetooth surround sound and electronic access.

Cyan offers a smoke-free, eco-conscious living environment equipped with car charging stations, a cyber café, a

Post Midtown Atlanta

resort-inspired pool, pet “spaw” and state-of-the art fitness center with yoga, spinning and aerobics, among other luxury community features. Additionally, residents can enjoy the property’s extensive outdoor space via individual private patios and a living terrace with an outdoor kitchen. Serving as general contractor, Brasfield & Gorrie partnered with developer Atlantic Realty Partners and architect Rafael A. Garcia and Associates on this project for Monogram.

Currently, Brasfield & Gorrie has six multifamily projects planned or under way in the city of Atlanta. Altogether, these projects include more than 2.3 million square feet of space and have a total construction value of approximately $320 million.

“After the condo boom in Atlanta in the mid-2000s and the subsequent dip during the Great Recession, we’ve seen a steady increase in high-rise apartment developments with mixed-use components over the last few years,” said Brasfield & Gorrie Regional Vice President and Division Manager Roddy McCrory, who leads the company’s work in the multifamily market sector. “These projects have fueled the local economy and they don’t seem to be tapering off, perhaps as a result of the city continuing to top the list of moving destinations in the country.”

“As single-family home sales increase over the next several years, we believe the market will see an upswing in condo developments,” McCrory said “Currently, the return of condo projects is just beginning with particular developer interest in high-end, luxury residences with extensive amenities.”