Portman Plans Mixed-Use Development Outside Atlanta
The community will include 6,000 square feet of retail space.
Portman has closed on land with plans to to develop Meadow Glen Village, a nine-building, 332-unit multifamily community located in Fairburn, Ga. The company will break ground on the project later this month, and completion expected in June 2027.
Meadow Glen Village will include a variety of unit types, and each individual building will feature its own dedicated parking. At the center of the property, a town green intended for public use will be flanked by two 6,000-square-foot retail buildings.
Meadow Glen Village represents a foray into suburban development for Portman, according to Harvey Wadsworth, managing director, residential, for Portman. Previously the company, which also has developed office, industrial, retail and hospitality assets, had more of a focus on infill urban residential.
Fairburn is a Fulton County suburb of Atlanta, roughly 20 miles south of downtown. In recent years, the town has seen population growth, up from 16,569 in the 2020 Census to about 16,722, according to 2025 estimates.
Atlanta-based Portman has developed over 20,000 residential units. Other Portman multifamily communities include Sora at Spring Quarter in Midtown Atlanta, Starling in Nashville’s Germantown neighborhood, Vera at Savona Mill in West End Charlotte, and Linea at the Line in Charlotte’s South End district.
Stability in A-Town
Occupancy in stabilized properties in greater Atlanta was down only 10 basis points year-over-year, to 92.5 percent in the first quarter of 2025, Yardi Matrix notes. Absorption has been relatively strong in the market, though that hasn’t inspired rental growth, with asking rents dropping 1.6 percent compared with the first quarter of 2024.
READ ALSO: Atlanta Multifamily Report
Job growth, which sustains multifamily occupancy, has decelerated in greater Atlanta recently, up only 1.2 percent in Q1 2025 since last year, though that is still a bit stronger than the national rate of 1 percent year-over-year growth, according to Yardi Matrix. The metro unemployment rate stood at 3.6 percent during the first quarter, also better than the national rate of 4.2 percent.
Multifamily deliveries are still elevated in metro Atlanta, as projects started during more robust post-pandemic years are still working their way through the metro pipeline. Some 2,548 new units were completed in Q1 2025, Yardi Matrix reports, with more than 28,830 units in various stages of development.
