B C D E F G H I
RECENT TRANSACTIONS
In July, Harrison Homes purchased 2.46 acres at Buford Highway and Clairmont Road for $6,550,000 ($2.7M per acre) with plans to develop 43 for-sale townhomes. The vertical construction is slated to begin in March.
In August, Thompson Thrift acquired 11.5 acres in Buford for $13,500,000 ($32 per FAR) for a multifamily project adjacent to The Exchange. The 300-unit luxury community, called Autry at Tulip Grove, is expected to deliver in January 2027.
In August, Atlanta BeltLine closed on 2.59 acres at Bennett Street and Peachtree Road in Buckhead for $18,000,000. This completes a 3.5-acre assemblage with a total basis of $8.3M per acre.
In September, RangeWater acquired 21 acres in Lawrenceville for $10,420,000 ($37 per FAR). The Greene is slated to feature 300 apartments and the community is expected to open in early 2027.
In September, McKinley Homes purchased 12.37 acres, encompassing 260 finished townhome lots, for $31,200,000 ($120,000 per lot). The Array project calls for 179 build-to-rent townhomes and 81 for-sale townhomes, with expected completion this spring.
In September, Alliance Residential Company closed on 10.7 acres in Peachtree Corners for $13,400,000 ($38 per FAR). Now under construction in Technology Park, the Broadstone Innovation project will include 326 multifamily units, along with supplemental office and retail space. The anticipated delivery is summer 2027.
In October, Fuqua Development purchased 31 acres in Stone Mountain for $9,605,500 ($23 per FAR) to develop a mixed-use project called Mountain Marketplace. Fuqua sold a 20-acre portion to Costco for $7,500,000 ($50 per FAR), where plans call for a 155,000-square-foot warehouse and fuel center slated to open later this year. Fuqua sold six acres to Greystar for $6,700,000 ($27 per FAR), where construction is underway on Flats at Mountain Marketplace, a 248-unit apartment community expected to deliver in 2027.
In December, Kolter Urban acquired 1.34 acres on 14th Street in Midtown for $11,000,000 ($8.2M per acre). Anticipated plans are for a luxury condo tower overlooking Piedmont Park.
In December, an entity with South City Partners as fee developer closed on 4.23 acres in Alpharetta for $15,500,000 ($55 per FAR). The developer is planning 280 multifamily units as part of a larger mixed-use project called Continuum Alpharetta.
Atlanta Market Insight: Multifamily Construction Pipeline
As new construction continues to decelerate, Atlanta’s multifamily supply pipeline is becoming a headline story. In fact, it's been more than a decade since the share of units under construction relative to total inventory has been this low. The natural next question is how current absorption is holding up. While overall absorption remains steady, performance varies by neighborhood—reach out to any member of our team if you’d like one of our submarket-specific reports.
Under-Construction Units as a Percentage of Total Inventory