Construction Underway at @1377, Hines’ First Atlanta Apartment Project
By Georgiana Mihaila, Associate Editor
Dubbed @1377, the multifamily community will take shape on Dresden Drive, only a short walk from some of Atlanta’s best home-grown restaurants and bars, as well as the Brookhaven MARTA station on Peachtree Road. Designed by The Preston Partnership of Atlanta, @1377′s architecture evokes a transitional style with buildings clad in brick, with stucco accents, large windows, wrap-around corner balconies and ground-level unit entry stoops at the sidewalk.
The development will include 215 luxury urban-style residences in a four-story building with an attached multi-level parking garage. The project will include studios, one- and two-bedroom units ranging in size from 468 to 1,537 square feet. The developer promises high-quality finishes that include stained-wood cabinetry and ceramic tile surrounds, as well as 9′ ceilings throughout the project, with top-floor “penthouse” units having 10′ ceilings, 8′ doors and 42″ cabinetry.
The @1377 project represents the international developer’s entry into the Atlanta residential market. Hines’ multifamily division, formed in January 2011, currently has more than 5,000 units in projects in various stages of development, located in several U.S. cities including: Cambridge, MA; Chicago; Denver; Houston; Miami; Minneapolis; Pasadena, CA; Phoenix; Rockville, MD; and St. Petersburg, FL. Just last month Hines broke ground on another luxury multifamily complex, the 308-unit Azure Residences in St. Petersburg, Florida.
Alan Patton, senior managing director in charge of the firm’s Multifamily Division, said, “Hines’ multifamily platform is focused on delivering high-quality for-rent residential projects in all of our domestic markets. We are committed to delivering a superior product with our @1377 project and are excited about its one-of-a-kind location within Atlanta’s well-known Brookhaven submarket.”
Urban Oaks Builders will serve as general contractor for the project. The company expects to see the first residents move in by October 2013, with final completion set for December 2013.