The tidal wave of 20 and 30-something story towers that’s swept over Midtown the past decade shows few signs of abating, and similar construction appears to be accelerating on cheaper real estate downtown.
This past week has seen activity on new tower development from the crane-studded heart of Midtown to blocks of parking lots near Centennial Olympic Park.
News that could make urbanists giddy includes an update from the Midtown Development Review Committee on a two-tower Toll Brothers at 1018 West Peachtree Street.
Toll Brothers initially brought forward plans in 2019 for a dual tower project that would rise in two phases: a 22-story building with apartments for Georgia Tech and Georgia State University students, followed by a 27-story build with 385 market-rate rentals.
Now Toll Brothers wants to beef up those plans by a collective 23 stories—37 floors in phase one, and 35 for the student tower in phase two.
The site is located just north of 10th Street, bounded by West Peachtree and Spring streets.
Toll Brothers is proposing 4,900 square feet of ground-floor commercial uses in the first building, with student leasing and lounge areas fronting Spring Street with the other. Collectively, roughly 1,050 parking spaces are planned in 18 stories of parking decks across both buildings, according to Midtown DRC.
Those towers would rise directly across the street from the three-pronged development Portman Holdings is pulling together around historic Spring Hill Mortuary, overlooking the Connector.
A few blocks north, Hanover Company is setting the stage for a 40-story tower at 1230 West Peachtree Street, across from the Arts Center MARTA stop.
Houston-based Hanover has filed paperwork for permits to start construction of foundational work that includes shear walls and columns, What Now Atlanta reports.
At last check, Hanover’s development was expected to bring 8,600 square feet of ground-level retail beneath 258,000 square feet of office space and 328 market-rate apartments.
Meanwhile, a 31-story proposal downtown that would rent mostly to Atlanta educators has received a funding boost.
Located at 98 Cone Street, the $176-million tower by RBH Group called “Teachers Village” would rise a block from Centennial Olympic Park.
Plans call for marketing 229 of the building’s 438 apartments to Atlanta Public School employees as a means for educators and staff to live closer to their workplaces.
Among the units for teachers, 40 percent will be for renters earning no more than 60 percent of the area median income, according to Invest Atlanta. Another 20 percent would go to teachers and staff earning no more than 80 percent of AMI.
Earlier this week, Invest Atlanta approved the $30 million in public financing incentives RBH Group had requested. The project has earned APS’ backing.
A block away from that site, a 32-story student housing tower called The Metropolitan has broken ground at 130 Luckie Street, set to overlook the Tabernacle music venue.