Toll Brothers Tops Out Atlanta Community
Momentum Midtown is expecting its first residents in 2024.
Toll Brothers and PGIM Real Estate have topped out their Momentum Midtown property in Atlanta’s Midtown neighborhood. The joint venture began construction on the community in 2021. Wells Fargo provided construction debt. Momentum Midtown expects to open to residents in early 2024.
The luxury apartment community will offer 376 units in one-, two- and three-bedroom floorplans. Apartments will include oversized closets, entry nooks and smart home features, while select units will feature private balconies or terraces and private yards. Toll Brothers is also planning on building a rooftop pool, outdoor lounge, exhibition kitchen, theater, game room, sky lounge, coworking space, clubroom and dog park. Momentum Midtown’s residents will have access to 435 parking spaces in a structured garage.
Located at 1018 W Peachtree St. NW, the community is near Interstates 75 and 85, as well as GA-400. MARTA rail stations are located nearby. Major employers in the vicinity include Google, NCR, AT&T and Coca-Cola.
Adding to Atlanta’s housing stock
Momentum Midtown represents Toll Brothers’ fourth multifamily community in the Atlanta area. Previously, Toll Brothers developed a 319-unit community in Atlanta’s West Midtown neighborhood that used modular construction. The student housing division of Toll Brothers is working on a 34-story rental community for students of the Georgia Institute of Technology and other nearby schools. Situated at 1025 Spring St. NW, the student housing community is expected to open for the start of the 2024-2025 academic school year.
Beyond Atlanta, Toll Brothers has developed communities in the Boston, Dallas, Los Angeles, New York, Philadelphia, Phoenix and Washington, D.C. metros. More recently, the firm recently opened its third community in the Phoenix area, the 403-unit Callia. Overall, Toll Brothers has developed nearly 8,900 residences and has a pipeline of more than 17,500 units.