Real Estate

New BeltLine Apartment Complex To Start At $950 A Month

There is no hotter real estate market in Atlanta right now than the BeltLine, as developers can't build residential complexes fast enough.

ATLANTA, GA -- Multifamily developer and investment firm Pollack Shores Real Estate Group has closed on the land purchase for an apartment community next to the future Southeast Beltline trail. The project also features approximately 15,000 square feet of retail and office space and will break ground in October. Located at 1099 Boulevard SE in the Chosewood Park neighborhood, the 319-unit Class A apartment community is expected to open its first units in fall 2019 with a starting price point of $950 a month and will be one of the first projects completed south of the Beltline. Officials expect to develop the southeast portion of the trail by 2023, which will link to the existing Eastside and Westside trails.

Leading up to the official completion, this section of the Beltline will soon emerge as a jogging trail and be accessible to the public before paving takes place. The trail will provide connectivity with Glenwood Park, Krog Street Market and the existing Beltline network, creating a new gateway to the trail’s offering of walk-up patios and breweries, art installations and entertainment destinations.

The future community will offer a wide array of price points and living options, ranging from 500-square-foot micro units to large two-story, three-bedroom units with more than 1,500 square feet of living space. Pollack Shores designed the project without a parking deck to lower building costs.

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“Old Fourth Ward became a success story in large part because of the Beltline, and we see the same potential for this new neighborhood that will rise on the future Southeast trail,” said Tyler Gaines, Vice President of Development at Pollack Shores. “There are no comparable rents in this area, so we have the opportunity to offer affordable micro-units that address existing market demand, as well as larger three-bedroom options.”

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The site for the development is also located on a future transit stop and is one of the last on grade crossings with the Beltline. The buildings will be oriented to maximize visibility and connectivity with the Beltline, with approximately fifty units offering trail-front views.

Image Pollack Shores

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