(Read more on the multifamily market.)
ATLANTA-Site work and construction will begin later in the yearon an 18-acre, $75-million development in Grant Park. The project,under development by locally based Lane Co., will include 342apartments, 57 townhomes and an eight-acre park at the intersectionof Confederate and Avondale Avenues. Occupancy is anticipated inspring 2009.
"Grant Park is a wonderful neighborhood," says Lane Co.development partner Ed Monarchik. "We plan a high-qualitydevelopment that's modern, yet incorporates unique elements of itssurroundings. Plus, the park will be a great spot for the familiesand residents who live nearby."
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