UPDATE (August 22, 2018): Developers ‘Break Ground’ on $130M Star Metals Residences in West Midtown
The Allen Morris Company in a press release Friday announced the closing on a $90 million construction loan for Star Metals Residences, the residential component of the mixed-use community Star Metals Atlanta.
Construction has begun on the residential phase of the project and site work is expected to commence on the office phase next week.
Square Mile Capital Management LLC and Pacific Western Bank provided the financing for the 409-unit rental apartment building that will also include 16,300 square feet of retail.
Juneau Construction is the contractor for Star Metals Residences and Brasfield & Gorrie is the contractor for Star Metals Offices.
“We are proud to have secured the construction financing with Square Mile Capital and Pacific Western Bank as it is a significant milestone in delivering a project that truly celebrates the history of West Midtown while offering exceptional living spaces,” W. Allen Morris, Chairman and CEO of The Allen Morris Company, said in the release.
“Today’s closing speaks to the strength and value of the development as we continue our forward momentum in building an impactful project that enhances West Midtown’s unique character.”
Located at 1050 Howell Mill Road and designed by Oppenheim Architecture and Dwell Design Studio, with interior design by Square Feet Studio, Star Metals Residences offers its residents “modern living spaces and impressive double height, curtainwall glass lobby activated with a high-end F&B concept.”
Ground-floor amenities include a private outdoor dog run, interior dog wash area, Uber drop-off room for residents, package delivery to the resident’s door, and resident library with fireplace.
Additional amenities on the Level 9 Rooftop include lounge/meeting rooms, indoor/outdoor activated rooftop bar and lounge, game room area with pool table, gaming systems and arcade games, outdoor ping-pong and bocce ball, a glass-box fitness center opening onto the pool terrace, outdoor grilling area, outdoor movie projection area, outdoor fire pits and seating groups.
Star Metals Residences is part of the 4.75-acre Star Metals Atlanta development that also includes Star Metals Offices, the 14-story, Class-A office tower totaling 260,000 square feet that includes 35,000 square feet of retail and restaurants.
The project’s funding comes on the heels of the signing Spaces to a 56,121-square-foot portion of Star Metals Offices.
Star Metals Residences is slated for delivery in Spring 2020.