A rendering of the Ascent Peachtreemultifamily project in Downtown Atlanta.
ATLANTA—Miami-based Banyan Street Capital and Greystar, which isheadquartered in Charleston, SC, have acquired the necessary landrights and secured construction financing to begin construction inthe coming weeks on a new high-rise multifamily development inDowntown Atlanta called Ascent Peachtree.
The $125-million project being built atop an existing parkinggarage will feature 345 apartments, including 70 workforce units.Twenty percent of the units within the project will be set asidefor residents earning 80% of the area median income or less. Theproject is set to break ground next month.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
