Luxury Community Starts Leasing in Atlanta Area
- Jun 22, 2016
Atlanta—North Carolina-based property management firm Blue Ridge Cos. has begun leasing at The Pad, a new luxury community in College Park, Ga. The 109-unit property, which is the first multifamily project built in College Park in 40 years, is part of a $35 million transit-oriented mixed-use development. The next phase of the project will bring a luxury boutique hotel and more than 25,000 square feet of ground-level retail.
The Class A community is located at 1777 Harvard Ave., close to Interstate 85 and less than 20 minutes away from downtown Atlanta. Situated in the vicinity of Hartsfield-Jackson International, the world’s busiest airport, the property encompasses eight studios, 30 one-bedroom and 71 two-bedroom units.
Located within walking distance of the College Park MARTA station, The Pad will showcase Nest-controlled home environment technology and is the first apartment community in the Atlanta area to be integrated with the new Google Fiber network.
“The Pad represents the significant first step into the revitalization of the College Park downtown district…The Pad will be the centerpiece of College Park, offering an appealing live, work, play destination and luxury living that offers convenient access to everything that downtown Atlanta has to offer,” said Tami Fossum, vice president of management services for Blue Ridge Cos., in a prepared statement.
Sitting on a 3.5-acre site, The Pad offers resort-style landscaping, individual air conditioning, gaming and lounge areas, pool and patio area, rooftop sky lounge with balcony, as well as private balconies or patios in select units. Rents start at $1,125 for studios and go up to $1,450, with floor plans ranging between 529 and 1,078 square feet. According to Yardi Matrix, the average unit size for the 92,000-square-foot property is 842 square feet. The construction of The Pad benefited from a $10.5 million loan originated by Atlantic Capital Bank.
Image courtesy of padonharvard.com