Atlanta—The Atlantic, which at 47 stories is the tallest residential high-rise in mid-town Atlanta, is now available for lease by renters.
Developed by Novare and constructed as a condominium building, The Atlantic was purchased by Midtown Residences LLC, part of the Crescent Heights group of companies, about a month ago. With that purchase, 324 never-lived-in units at the Art Deco-inspired building were made available to renters. Apartment leases will start at $1,650 a month
“This is a trophy property, beautiful in all aspects,” Miami-based principal of Crescent Heights group of companies Tomer Bitton tells MHN.
“It has great views of Atlanta, and the finishes are all very high end. In addition, we like the Atlanta market. This is our third acquisition in Atlanta over less than 24 months. There’s strong demand for high-rise living, and a growing push to live in an urban landscape. It’s so far been very well received by renters.”
Available residences include one- through three-bedroom layouts, as well as two-story, 3,000-square-foot penthouse suites attracting the most discerning Atlanta residents. Apartment homes feature floor-to-ceiling windows, hardwood floors, 10- to 11-foot ceilings, designer gourmet kitchens with stainless steel appliances and granite countertops, walk-in showers and elegant cabinetry.
The common-area amenities of The Atlantic are similarly high-end, and begin with a rooftop sundeck, oversized pool and relaxing spa. A state-of-the-art fitness facility, clubhouse with flat-screen TV, fully equipped catering kitchen and a communal dining area fill one entire floor. Also offered are a private screening room for movies, high-speed Internet and business center with computer kiosks.
World-class restaurants and sidewalk cafes, performing arts venues, shopping, parks and eclectic nightlife destinations are steps away from The Atlantic. And it’s no more than a five- to 10-minute drive to downtown, Buckhead, the MARTA and sporting events at Philips Arena and the Georgia Dome.
“City dwellers seeking an ultra-luxurious urban lifestyle need look no further,” Bitton says. “There is truly nothing like this in metro Atlanta . . . The Atlantic is the place to live in the city.”
Crescent Heights group of companies anticipates no challenges related to having owners and renters residing in the same building. “We’ve acquired several other projects with that mixture, and had no issues,” Bitton says. “I think [owners] are happy because they now know the building is going to be filled.”
The Atlantic’s availability to renters should be just one more step in the evolution of the Atlantic Station redevelopment, Bitton adds. “It’s another testament that the Atlantic Station redevelopment is here to stay. It will bring high-end, elite renters looking for a place with which very few properties in Atlanta compare.”