A project that aims to continue metro Atlanta’s trend of build-to-rent housing and the building boom around Fayetteville has the green-light to move forward.

Alpharetta-based Parkland Communities recently secured zoning approval to develop 124 rental townhomes in Fayetteville’s Morgan Park, located within walking distance of the city’s historic downtown. The growing Trilith studio complex and mixed-use mini city is located about four and ½ miles to the northwest.

Parkland reps say Morgan Park, as the townhome project is called, will claim a 9.3-acre site where E. Lanier Avenue meets Booker Avenue and create “attainable housing options for the metro Atlanta area.”

The Morgan Park site location (in red) in proximity to downtown Fayetteville, Trilith (top left), and other local attractions such as Zac Brown's Camp Southern Ground (bottom left).Google Maps

Planned layout of the 124-unit community with a town green centerpiece. Courtesy of Parkland Communities

“With Morgan Park,” Parkland Communities president Jim Jacobi said in a project announcement, “we envision creating a community within a parklike setting that offers all the amenities that downtown Fayetteville has to offer.”

Beyond walkability, that will include “a picturesque town green” meant to serve as the project’s communal heart, plus a pool, cabana, mail kiosk, and what’s described as a state-of-the-art amenity center in a clubhouse.

Rents at Morgan Park will start at $2,400 monthly, to include all maintenance, according to Parkland reps.

Options will range from two-bedroom townhomes with 1,636 square feet up to three-bedroom units with 1,958 square feet, two and ½ bathrooms, and a loft. Each will include a rear-entry, one-car garage and covered outdoor living space.

Should plans come to fruition, Morgan Park will come together about 23 miles from downtown Atlanta.

The Parkland Communities' project site in relation to the rest of south OTP Atlanta. Google Maps

Elsewhere in the metro, the BTR model has drawn criticism for claiming available land that could have gone to for-sale housing, where first-time homebuyers especially could start to build wealth via equity. Advocates say the housing type allows occupants more flexibility and lower costs in many cases than traditional mortgages.

Other Parkland Communities projects in the works include a sprawling Stonecrest community east of Atlanta. That’s being marketed as a renting and buying option for the expected 7,500 future employees at EV carmaker Rivian’s under-construction manufacturing plant.

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