Atlanta's multi-family rental market sees a revival
Emory Point was ready to break ground years ago, but the frozen credit markets kept the $250 million Clifton Road development at bay.
The developers could have built it during the recession, they said, but to do so would have forced the project to market when retailers weren't looking to expand and the market for apartments was weak.
Now, the multi-family rental market has come back "in a very strong way," and some retailers are looking to expand, said David Fitch, president and CEO of Gables Residential.
"The reaction from prospects has been quite strong," he said.
In Tuesday's newspaper, the AJC takes a close look at new apartment construction and how it fits into recent real estate trends. It's a story you'll get only by picking up a copy of The Atlanta Journal-Constitution or logging on to the paper's iPad app . Subscribe today .
About the Author
Arielle Kass covers Gwinnett County for The Atlanta Journal-Constitution. She started at the paper in 2010, and has covered business and local government beats around metro Atlanta. Arielle is a graduate of Emory University.
