A rendering of the Ascent Peachtree multifamily project in Downtown Atlanta. A rendering of the Ascent Peachtree multifamily project in Downtown Atlanta.

ATLANTA—Miami-based Banyan Street Capital and Greystar, which is headquartered in Charleston, SC, have acquired the necessary land rights and secured construction financing to begin construction in the coming weeks on a new high-rise multifamily development in Downtown Atlanta called Ascent Peachtree.

The $125-million project being built atop an existing parking garage will feature 345 apartments, including 70 workforce units. Twenty percent of the units within the project will be set aside for residents earning 80% of the area median income or less. The project is set to break ground next month.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.