Atlanta rents are now up 6.5 percent over the last year based on 2 bedroom units, according to a January report by ApartmentList.com. That means Atlanta has the 7th fastest growing rents of any major US city. Across entire Atlanta metro rents grew 6.8 percent year over year.
University House Midtown, the new student housing tower at 930 Spring St., celebrated its topping out last month. The state-of-the-art student housing development, which will open in August, is more than 50 percent pre-leased for fall. The 20-story building has 268 apartments featuring 706 beds, and more than 9,000 square feet of retail. The property includes one-, two-, three- and four- bedroom floor plans – fully furnished, and many units include balconies with views of Midtown, the Georgia Tech campus and Downtown Atlanta. Community amenities include a resort-style pool on an elevated terrace, a secured parking garage, business center, study rooms, fitness center and a lounge on the top floor with skyline views.
The historic Ironized Yeast Company building, which later became home to cough syrup maker Creomulsion, at the corner of Ralph McGill and Glen Iris in the Old Fourth Ward has been demolished by John Wieland Homes to make way for up to 24 new townhomes.
Lisa Robinson and a team of seven real estate professionals from The Robinson Realty Group have joined Engel & Völkers Buckhead Atlanta. In addition to Robinson, who founded The Robinson Realty Group in 2002, the team includes Leah Christian, Janine Franklin, Dovie Hines, Jenea Kennedy, Sharyn McCabe, Tomaree Tarpley and Jacqueline Williams who are all full-time real estate agents with extensive experience in the luxury and residential market throughout the greater Atlanta area.
At the Obie Awards of the Greater Atlanta Home Builders Association (GAHBA), Berkshire Hathaway HomeServices GA Properties’ New Homes Services Sales and Marketing captured 15 of the highest honors in the Marketing category. Among the top Gold and Silver awards claimed by Berkshire Hathaway HomeServices were the Best Brochure, Best Audio-Video, Best On-site Signs, Best Advertising Campaign for a Builder, Best Mobile Website, Best Marketing Campaign/Promotion, Best Magazine Ad, Best Realtor Promotion, Best Website, Best TV Spot and Best Billboard.
AIA Atlanta, the Atlanta chapter of the American Institute of Architects, has moved to its new headquarters at 100 Edgewood Avenue: the Woodruff Volunteer Center. The office’s two-story tall glazing envelopes the storefront-style gallery space, which looks out over the eastern bound Atlanta Streetcar route and Hurt Park. In the new space, AIA Atlanta and AIA Georgia share neighboring suites with a shared entrance allowing them to carry out their related but individual tasks. Architecture firm 5G Studio Collaborative designed the new space. The build-out was performed by local Contractor and AIA Atlanta Patron Sponsor, The Structor Group. The project was awarded the 2014 Re-thinking the Future Award.
The new Elan 144 mixed-use project in Reynoldstown, located across from the Edgewood Retail District, is underway and will feature 285 apartments, 16,000 square feet of street retail and restaurant space
New Hires: Harry Norman, Realtors has hired David Allsteadt as Chief Financial Officer to oversee financial operations for the company. Coldwell Banker Residential Brokerage is pleased to announce that Chrishena Stanley, an experienced licensed Associate Broker, has become a sales associate with its Midtown office. Debra Johnston has joined Berkshire Hathaway HomeServices GA Properties Buckhead office as an associate specializing in luxury properties.