Another glassy stack of rental units has made its mark on Midtown’s skyline.
Especially visible from the downtown Connector and Atlantic Station, a 33-story apartment venture at the corner of Peachtree and 17th streets by Charleston-based Greystar has topped out in recent weeks, marking the end of vertical construction for one of Midtown’s taller buildings actively in development.
Situated a block north of the High Museum of Art, the mixed-use high-rise was initially unveiled in March 2020, just before pandemic lockdowns, and eventually broke ground in May the following year. Razed structures at the 1382 Peachtree Street site included the former Big Brothers Big Sisters of Metro Atlanta headquarters and an adjacent residential building that records indicate was more than a century old. (Big Brothers Big Sisters has moved its operations to The Met industrial warehouse complex in Southwest Atlanta.)
Greystar officials have said the project will include 282 apartments, ranging from studios to three-bedroom penthouses. Also in the works is 5,000 square feet of retail space at street level.
Beyond the retail component, base levels of the building will include roughly 300 parking spaces in a podium structure.
The topped-out 1382 Peachtree Street tower as framed by buildings on 17th 1/2 Street at Atlantic Station. Josh Green/Urbanize Atlanta
Greystar’s multifamily portfolio in Atlanta includes Station R apartments in Reynoldstown, Elan Lindbergh, and Elan Westside on 14th Street at Howell Mill Road. More recently, the developer finished upscale Ascent Peachtree downtown in 2021, where rents have climbed as high as $6,500 monthly.
At last check, Greystar’s Midtown tower was expected to deliver in late spring or summer this year. We inquired this week with company reps to see if that’s changed—and if they’ll shed light on what rents might be—but hadn’t heard back as of press time.
Beyond Greystar’s Peachtree Street apartments, three other large-scale projects are in various states of construction in Midtown’s northern blocks. They are: JPX Works’ 31-story Spring Street apartments; a 28-story rental stack led by Capital City Real Estate near the High Museum; and SCAD’s 402-bed student housing building, also on Spring Street.
The image below illustrates how the building is planned to look and function at the high-profile corner of Peachtree and 17th streets. See the gallery above for more photos and context.
The latest rendering for the 33-story, 282-unit structure.Courtesy of Greystar
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