(Read more on the multifamily market.)

ATLANTA-Phoenix, AZ-based Alliance Residential Co. began construction of Broadstone Glenwood, a $39 million, 236-unit apartment complex at 382 Stovall St. in the Grant Park/East Atlanta area. The project will include one- and two-bedroom apartments in three, four- and five-level “split” stick frame structures.

The project will also include a top-floor “great room” themed clubhouse with Downtown and Midtown skyline views, a pool with an outdoor kitchen, fitness club, a four-story parking garage and landscaped courtyards. The project is located one-half mile from Interstate 20 and is accessible to Downtown and Midtown areas. Preleasing is expected to begin in fall 2008 with project completion slated for June 2009.

The project is designed to complement the adjacent 28-acre Glenwood Park project, which was designed in a “new urbanist” style and will include residential, office and retail space. It also located near the Beltline, a 22-mile loop of unused railroad right-of-way that will be transformed into parks and green space.

Alliance Residential Co. regional managing director Bill Bollwerk tells GlobeSt.com that target rents for the project will be $1,000 to $2,000. “The project is close to Glenwood Park and good access to the transportation, retail and park amenities in the development,” Bollwerk says.

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.



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.