Developers have proposed two high-rise apartment complexes for Midtown.
Plans for the 23-story Sky House at the northwest corner of West Peachtree and 12th streets were laid out for the Midtown Development Review Committee June 15, along with plans for a 22-story complex at the southwest corner of 12th Street and Cresent Avenue.
The committee is made up of neighborhood leaders who will make recommendations about the proposed projects to Atlanta, which has final approvals for permitting development.
Sky House will include 320 residential units and parking for about 500 cars in a six-level parking deck. Novare Group is behind the proposal, according to documents given to the committee. The company was founded by Jim Borders, whose projects such as Midtown Metropolis helped kick off the city's residential high-rise boom, but he lost prime Midtown lots to lenders when the economy went downhill. Sky House is his return to the district.
It will include 8,400 square feet of retail space on the ground floor.
The 22-story project unnamed in the documents will also have ground-level retail, 311 apartments and parking for 461 cars. Daniel Corp. of Birmingham and Selig Enterprises are behind it, according to the Birmingham Business Journal.
Daniel Corp. is heavily invested in Midtown, including 1010 Midtown, which is a 35-story condo tower on Peachtree Street, and the company built the mixed use tower next to it.
Apartment construction has been coming on strong, in part, because of the real estate and foreclosure crisis. The U.S. Department of Commerce's monthly release of housing data last Tuesday showed that apartment construction through June is up more than 30 percent in the U.S. since the beginning of the year.
