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A new residential high-rise is coming to Peachtree Street in Midtown, on the site of the former EarthLink Midtown office just across from Pershing Point Park. The project, titled “Rhapsody” is being led by led Washington D.C. based developers Capital City Real Estate, would be the first multifamily building in Atlanta to offer both for-sale condos and rental apartments in one structure, according to the project’s Special Administrative Permit.
According to the project’s Special Administrative Permit application, the project would offer rental units on the lower floors, plus for-sale condos on the upper floors. It would have in total 63 studios, 127 one-bedrooms, 117 two-bedrooms, and 17 three-bedrooms. The project will also include four below grade parking decks with 433 residential car spaces and18 guest spaces. 54 bicycle parking spaces will also be created, most of which would in a secured, indoor bicycle storage room. The MDRC presentation described the building as 24-stories with 305 units, however the accepted SAP application and elevations call for a 29-story building with 356 units. The later totals up to 380,499 SF of residential space, plus 4,636 SF of restaurant space on the ground floor. It would also include a publicly accessible but privately owned open space plaza along Peachtree Street.
Due to the project’s proximity to single-family homes, zoning laws dictate a steep transitional height plane to allow for ample sunlight penetration to the neighborhood. This requirement has been met with a distinctive stair-step building design, presumably allowing for extended balconies along the steps.
The developers of Rhapsody have been moving quickly to get the project off the ground in the past few months. On August 2nd, the developers applied to consolidate 1429 and 1439 Peachtree Street and on August 4th, the project’s request for a Special Administrative Permit was approved by the City. Now just a week later, they have applied for a land development permit.
The project already has a splashy website advertising “An Urban Symphony” which is designed around Atlanta’s Art District’s cultural offerings. The website goes onto describe “world-class amenities” for the residents of Rhapsody, including a sky lounge, an elegant restaurant and sparkling rooftop pool. Inquires from prospective buyers and renters are being accepted via the website’s “VIP” portal.
Correction: a previous version of this article stated that Ladson Haddow had presented this project He is not involved with this development.