About 350 new residential units are moving forward in the Perimeter Summit master-planned development in Brookhaven.
High Street Residential has closed on 4 acres at 5005 Perimeter Blvd, Atlanta Business Chronicle reports. The site is at the corner of Perimeter Center Parkway and Lake Hearn Drive, off of Interstate-285 and near Perimeter Mall.
The firm, a subsidiary of Dallas-based Trammell Crow Company, sees the area as a prime location for a luxury, mid-rise apartment, given the amount of corporate workers in the area, many of them young millennials. The building is slated to be seven stories.
Perimeter Summit is an 83-acre development with several high-rise office buildings and a Hyatt Regency hotel. The apartment building by High Street Residential marks the development’s first set of residences, according to the news outlet.
The firm paid $11.5 million for the four acres in an all-cash transaction.
The residential building is tentatively expected to break ground in November.
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Jaguar Bolera has yet to pay the contractors that helped build and finish their building in Raleigh, NC. I highly recommend against supporting a business that takes advantage of their workers in this fashion. I’d be happy to have my mind changed but them ignoring me for 6 months while putting on event after event and marketing campaign does not build good faith in the brand or ownership.