The general plan requires that cities meet housing goals to meet demand and population growth, but there is no penalty when cities don't follow the guideline.

The project began when Aria acquired adjacent existing apartment buildings at 1309 and 1315 Clifton Street in 2014-2015.

Highwoods now owns an 80% interest in the joint venture. The company estimates the project will involve a total investment of $72 million.

The next wave of proptech innovation will likely be aimed at modernizing aging buildings across major cities.