Crescent Begins Work on Atlanta Apartment Property
- Dec 04, 2013
Atlanta—Crescent Communities has broken ground on Crescent Howell Mill, a $47 million, 256-unit apartment community between Atlanta’s Buckhead and Midtown districts. Completion is slated for the spring of 2015.
The five-story building will offer studios and one- and two-bedroom units. Common amenities will include an open lawn courtyard, an athletic club, saltwater resort-style pool with sun deck, outdoor kitchen and a dog park. On the exterior, the building will resemble an old textile mill, with the idea of complementing the design of the surrounding mixed-use community.
The property will be the residential component of an eight-acre mixed-use development by Healey Weatherholtz Properties. The first phase, currently under construction, will include shops and three restaurants with garden courtyards around a cobblestoned entry drive, in addition to the residential component. Additional phases will focus on fashion, home furnishings and more food and beverage.
Crescent Howell Mill is financed by equity from Charlotte-based Crescent Communities, with construction loans from Capital One and Nationwide. The design team consists of Atlanta-based firms The Preston Partnership, Historical Concepts and Southern Civil Engineers Inc., as well as two Charlotte-based firms, LandDesign and Vignette Interior Design. DPR Hardin Construction is the builder.
Though Crescent has been an active developer in metro Atlanta for more than two decades, Crescent Howell Mill is only the company’s second multifamily development in the city. Crescent Terminus, the first apartment-living option in Buckhead’s Terminus master development, is currently under construction and will open in March 2014.