Groundbreaking is this week.
https://www.bizjournals.com/atlanta/news/2018/05/11/construction-to-start-soon-on-17-story-downtown.htmlNew apartment development is revving up in downtown Atlanta, with the latest proposal bringing a one-of-a-kind design to the city.
Kaplan Residential, which has an Atlanta office, is soon to break ground on an $86 million apartment tower at 377 Centennial Olympic Park Drive.
“We feel like the job story downtown is the most compelling in the city — 140,000 jobs and virtually no new Class-A apartments in the submarket,” said Nathan Kaplan, partner at Kaplan Residential. “We feel like downtown is a greatly under-supplied market.”
The apartment tower will be a first for Atlanta, as it’s being built with a prefab building material called Prescient. The product cuts high-rise construction costs by 20 to 25 percent, compared to using concrete.