real estate

[Rendering] Scope This Boutique Apartment Complex Set To Rise at 208 12th Street

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[Rendering] Scope This Boutique Apartment Complex Set To Rise at 208 12th Street

A small coffee shop and wine bar is planned on the street level.

Among a sea of rising residential towers in Midtown, one developer is moving forward with plans for a 13-unit boutique apartment complex at 208 12th Street.

Plans Wednesday were filed with the City of Atlanta for the yet-to-be-named development.

Elmhurst Capital, a private equity and property investment management company founded in 2012, is developing 208 12th Street. The company has offices in Atlanta and Hong Kong, according to the Elmhurst website.

$600,000 was raised for the project which is expected to yield a 20 percent internal rate of return (IRR).

Architecture firm Praxis3 is behind the design of 208 12th Street.

"The owner feels that this kind of well-designed, small structure is a dynamic alternative to high-rise development and offers an intimacy and an aesthetic that will be appealing to the Midtown renter," Praxis3 said of the project on its website.

The building, situated one-half block from Piedmont Park, features "true 2-level loft units" on the upper floor.

A small coffee shop and wine bar is planned on the street level.

Elmhurst did not immediately return What Now Atlanta's request for comment.

208 12th Street - Rendering 1 2
Rendering: Praxis3
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    ["address"]=>
    string(33) "208 12th St NE, Atlanta, GA 30309"
    ["latitude"]=>
    string(10) "33.7845244"
    ["longitude"]=>
    string(11) "-84.3805944"
    ["phone"]=>
    string(0) ""
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Caleb Spivak

Caleb J. Spivak (CJS) is the Founder of What Now Atlanta (WNA). He was featured in The New York Times, Creative Loafing's "20 People to Watch," named "Lifestyle Blogger You Need To Know" by Rolling Out Magazine and highlighted as Atlanta's Metropolitan Male in fashion magazine, 944. WNA has been named "Best of Atlanta" by Creative Loafing, and Atlanta and Jezebel Magazines.

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