A new Summerhill rental community that carries Hank Aaron’s name next to the site of his iconic 715th home run has seen “record-breaking” leasing momentum, according to its property management company.
For now, the 565 Hank project is the largest introduction of new housing in a single development as part of Summerhill’s post-Braves resurgence.
Finished in June, the Carter development brought 306 rentals ranging from studios to three-bedroom flats, including six live-work units.
According to property management company RAM Partners, which is tasked with leasing 565 Hank, the complex is 80 percent leased and expected to reach stabilization, or breaking even versus costs, before year’s end.
RAM Partners officials are calling the speed of the Class A building’s lease-up “unprecedented in an emerging market” in Atlanta.
All studio units at the 565 Hank Aaron Drive property—like the largest, three-bedroom options—are spoken for right now, per the building's leasing portal. Available one-bedroom plans start at $1,735 for 743 square feet.
The cheapest two-bedroom options available (1,063 square feet) rent for $2,430 monthly.
Thirty-one apartments, each with one or two bedrooms, were reserved for renters earning 80 percent of the area’s median income.
The brick-clad building, as designed by Rule Joy Trammell + Rubio architecture firm, features a two-story fitness center and two exterior courtyards with a pool and grilling stations.
Street-level retail along Hank Aaron Drive is expected to include a mix of eateries and service providers, including the next Hodgepodge Coffee House outpost. We’ve asked for more details on when that might deliver—and how much space remains—and we’ll update this story should further info come.
565 Hank is part of Carter’s 80-acre redevelopment of Georgia Avenue and the former Turner Field, now owned and operated by Georgia State University. It was designed to deliver “much-needed, quality rental housing” while serving “as the gateway to one of Atlanta's oldest neighborhoods,” per RAM Partners officials.
It neighbors the 220-unit Aspen Heights apartment hub opened on the north side of what's now Georgia State's football stadium in 2019.
Next summer, the Alexan Summerhill project by Trammell Crow Residential is expected to eclipse 565 Hank on the same street in terms of number of units offered. That project's 325 apartments are also taking shape on former parking lots now.
• Recent Summerhill news, discussion (Urbanize Atlanta)