Atlanta, GA
Society Living breaks ground on 31-story residential high-rise – Atlanta Agent Magazine
Society Atlanta will supply conventional flats in addition to “rent-by-bedroom” co-living areas. Courtesy of PMG.
Work has began on a 31-story Midtown residential tower by co-living model Society Dwelling.
The mixed-use undertaking will rise at 811 Peachtree St. and can supply 460 flats, 81,000 sq. ft of workplace area and 16,500 sq. ft of retail.
Society Atlanta, as the event will likely be identified, is the primary foray into Atlanta by Society Dwelling, which is a brand new multifamily model from PMG, the asset supervisor and developer that’s partnering on the undertaking with Toronto-based private-equity agency Greybrook Realty Companions.
“Society Atlanta is a part of a broader rollout of Society Dwelling communities which have carried out extraordinarily effectively to this point,” stated Sami Mouaket, Greybook director of U.S. investments and developments. “With a particular emphasis on main metros within the Southeast, given the area’s sturdy fundamentals, Society Atlanta permits us to enter a market that has lengthy been of curiosity. Atlanta, and specifically, the Midtown submarket, have demonstrated distinctive resilience lately.”
Society Atlanta will supply conventional flats in addition to “rent-by-bedroom” co-living areas. Neighborhood facilities will embrace a rooftop pool and restaurant, a “huge” co-working lab with non-public convention rooms and a contemporary health club and health studio, based on a press launch.
The high-rise was designed by the Cooper Carry structure agency, and Juneau Development Co. is the final contractor.
The property is anticipated to open in late 2024. Society Dwelling opened its first growth in Downtown Fort Lauderdale in Might 2020. Different properties are underway in Miami’s Downtown and Wynwood Arts District and Orlando, whereas further developments are deliberate for Atlanta, Brooklyn, Denver and Nashville.
Neighborhood facilities will embrace a rooftop pool and restaurant, a “huge” co-working lab with non-public convention rooms and a contemporary health club and health studio,