Welcome to the Elevator World News Podcast.
This week’s news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com
AFFORDABLE HIGH-RISE LIVING COMING TO DOWNTOWN ATLANTA
Banyan Street and Greystar Capital announced in April they have secured air rights and financing to build Ascent Peachtree, a 29-story, 345-apartment building atop an existing parking garage in downtown Atlanta, The Patch reports. With ground set to break in May, the development aims to help balance a downtown market that has approximately 154,000 daytime workers but only 13,000 housing units. Seventy units will be priced for residents earning 80% or less of the median income. The developers touted Ascent Peachtree's proximity to public transit, restaurants, retail and offices, including the adjacent office/retail property 191 Peachtree. The project is projected to create 150 new jobs and have a US$165-million impact on the city economy.
Image credit: Banyan Street
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