Tuesday, May 26, 2015

New Luxury Rental Projects Add to Rent Squeeze via WSJ

Developer Mark Randall cut his teeth over the last few decades building apartments for Atlanta’s middle-class with properties such as Alta Ridgewalk, a complex of low-rise buildings clustered around a swimming pool in suburban Atlanta.

That development stands in contrast to one of his newer projects, a luxury project dubbed Inman Quarter. Located in a trendy neighborhood east of downtown Atlanta, the units feature quartz countertops and the complex has a rooftop club room; the ground floor is filled with retail stores and restaurants. Rents in the complex, which officially opened a few weeks ago, run as high as $4,000 a month.

Read more...New Luxury Rental Projects Add to Rent Squeeze - WSJ

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