Business
Business

Wave of apartment projects raises fears of new bubble

By
Jan 4, 2013

With high office vacancy rates and a glut of unsold foreclosures still hobbling the single-family market, hungry developers are making apartment deals across metro Atlanta.

They’re turning condo towers, parking lots and prime real estate along the emerging Beltline into multifamily units. Dante’s Down the Hatch, the landmark Buckhead restaurant, will soon make way for apartments. At one aging office tower, executive suites will be remodeled into a multifamily hotspot.

The developers are eager to capitalize on rising rents, high occupancy rates and the growing gravitational pull of Atlanta’s urban core. But the push could leave Atlanta with a glut of apartments and drive down other real estate prices.

Pick up Friday’s AJC or check out the tablet version for the in-depth story on why apartments are popping up across Atlanta - and why it matters to you.

About the Author

Greg Bluestein is the Atlanta Journal Constitution's chief political reporter. He is also an author, TV analyst and co-host of the Politically Georgia podcast.

Follow Greg Bluestein on facebookFollow Greg Bluestein on twitter
More Stories

Keep Reading

A bottle of Coke-Cola is pulled for a quality control test at a Coco-Cola bottling plant on February 10, 2017 in Salt Lake City, Utah. Current Coke president James Quincey will become CEO on May 1. (Photo by George Frey/Getty Images)

Credit: Getty Images

Coca-Cola sells its stake in another major bottler. This one is in the U.S.

Coca-Cola has sold its minority stake in its largest U.S. bottler, a deal valued at about $2.4 billion.

CNN takes from TikTok playbook with new ‘swipe up’ vertical video feed

The launch represents another endeavor to enhance CNN’s digital experience as audiences turn away from traditional television and seek news in other formats.

‘Fortunately, I made it.’ Shutdown anxiety continues at Atlanta airport.

As a possible legislative solution to the federal shutdown made its way through the Senate on Monday, travelers at the world’s busiest airport faced challenges.

The Latest

Automatic emergency braking, lane-keeping assist, blind-spot monitoring, and adaptive cruise control were once luxury options. Now, these Advanced Driver-Assistance Systems, also known as ADAS, are commonplace in newer vehicles, working so smoothly that many of us rely on them without a second thought. Photo courtesy of iStock.

Credit: SPECIAL

Why your car’s safety tech needs maintenance, too

OPINION

Saying goodbye to the Porsche 718 Cayman — for now

OPINION

2026 Nissan Leaf: Simple to live with and priced right

Featured

Passengers wait at a Delta check-in counter at the Hartsfield-Jackson Atlanta International Airport domestic terminal on Friday, Nov. 7, 2025, the first day of the Federal Aviation Administration cutting flight capacity at airports during the government shutdown. (Arvin Temkar/AJC)

Credit: arvin.temkar@ajc.com

Mass cancellations hit Atlanta airport, shutdown causes uncertainty

Air travel is struggling as the government shutdown causes hassles and uncertainty for travelers, disruptions for airlines and even less wiggle room to recover from problems.

ICE raids, calls for boycott: Home Depot on frontlines of Trump crackdown

As ICE ratchets up arrests to meet Trump administration objectives, few private companies have become as associated with the crackdown as Home Depot. But does it play a role?

Comedian Katt Williams defeats women’s suit over Midtown brawl

With a legal technicality, Georgia-based comedian Katt Williams has dodged a lawsuit filed by four women who claim he violently assaulted them outside an Atlanta club.