October 24, 2009
New Growth in Down Atlanta Market
In the midst of all the negative news about the economy and the failing housing market, growth still continues to push forward in several areas of metro Atlanta. While development has become non-existent in many neighborhoods, Trammell Crow Residential (“TCR”) has continued new growth with the development of several new communities.
Trammell Crow Residential (“TCR”) is America’s premier multi-family real estate firm. TCR created the Alexan brand to provide unique, upscale apartment communities at competitive rates. In all communities, renters can enjoy a host of features and services uncommon to typical rental living. Alexan properties give the look and feel of a ‘for sale’ home, boasting state-of-the-art floor plans, remarkable interior design, and extensive amenity packages.
Above all, Alexan properties are well situated, providing excellent access to employment, shopping, cultural activities, and transportation routes. Combining luxury with convenience is what the Alexan brand is all about.
TCR is currently working on 3 new residential apartment communities under their trademark Alexan name in Atlanta: Alexan 360, Alexan Metro West, and Alexan Town Brookhaven.
These properties are all being managed by Riverstone Residential. Riverstone Residential is the flagship brand of CAS Partners, which was formed to provide an all-inclusive range of real estate services including property management, construction management, credit and collections, financial advisory and insurance, purchasing and utility services.
The first of the three properties to open is Alexan 360- located next to downtown Atlanta near Freedom Parkway. Alexan 360 is a 592 unit luxury apartment community centrally located adjacent to I-75/85 and easily accessible to downtown and midtown. Alexan 360 offers open living designs and stylish comforts of an urban lifestyle. This property consists of studio, one, and two bedroom apartment homes with a wide array of views ranging from courtyard pool views to incredible views of the Atlanta skyline.
Alexan 360 offers a more refined option for in town living that is not often found in many of the loft style communities in the area. The finish of this community is highlighted with carpeted hallways, large kitchens, designer cabinetry, granite countertops, walk-in closets and an outdoor living area. Alexan 360 has community amenities that rival an upscale hotel’s with saltwater pools, club rooms with pool tables and wide screen TV’s, a fully equipped fitness center, and two rooftop garden areas with phenomenal views of the Atlanta skyline for residents to enjoy.
Centrally located in Atlanta’s Midtown-West district is Alexan Metrowest.
The property grounds are highlighted by a koi pond, fountains and hardscapes which create a natural backdrop for relaxation and creative inspiration. A beach-entry pool offers just a touch of resort-style luxury. Residents can also enjoy Wi-fi in both the community and club rooms, stand alone glass showers, ample cabinet space, ceiling fans in the living rooms, and tile-floored bathrooms. Alexan Metrowest is scheduled to open in December of 2009 with pre-leasing in progress now.
Located on the northern side of the Atlanta area is Alexan Town Brookhaven.
Alexan Town Brookhaven is located in “Town Brookhaven”, a state-of-the-art, mixed use development in Atlanta’s Brookhaven community, conveniently situated on Peachtree Road, north of Lenox Square Mall and Phipps Plaza and adjacent to historic Oglethorpe University. Town Brookhaven will ultimately consist of approximately 500,000 square feet of retail shops, including popular restaurants and boutiques, a movie theatre and much more. On August 27th, it was announced that anchor tenants of Publix, Costco, LA Fitness, and CineBistro, an upscale dinner-and-a-movie house, will begin construction in the fall. Town Brookhaven provides a pedestrian-friendly urban village built for convenience and accessibility. Alexan Town Brookhaven is scheduled for an October 2009 opening with pre-leasing in progress now as well.
With the housing crisis and the migration of people back to more accessible urban areas, there is new opportunity for apartment housing in the city of Atlanta. New luxury communities such as the Alexan properties give in town residents more options for living spaces while still having the convenience of being close to the many activities that are available in Atlanta.
Note – Information on Riverstone Residential knowingly exposing tenants to extreme amounts of mold toxins at Toxic Mold Infested Jefferson Lakes Apartments in Baton Rouge, Louisiana. katy