The Allen Morris Company Approved to Develop Six-Acre, North Druid Hills Parcel for Multi-Family Development
$100 million development will include Class A+ 337 rental apartments and ground floor retail
ATLANTA (May 6, 2021) – The Allen Morris Company, one of the largest diversified real estate firms in the southeast, today announced approval by the DeKalb County Board of Commissioners for a $100 million mixed-use community development in the rapidly growing neighborhood of North Druid Hills in Atlanta.
The best-in-class project will feature 337-Class A+ units in a five-story residential building with 2,000 square feet of ground floor retail, including a coffee shop and wine bar connected to a pocket park with shaded outdoor seating and games. Additional amenities will include an elevated pool deck with private cabanas and trellised grilling areas, state-of-the-art gym, event space, game room, and onsite dog park.
Groundbreaking for North Druid Hills project is scheduled for this Fall of 2021 while its estimated completion date is slated for Spring of 2023.
Because of its proximity to the Children’s Healthcare of Atlanta (CHOA) and Emory University medical campus, the new multi-family residential community in North Druid Hills will meet a housing demand from healthcare workers and university employees. Additionally, both CHOA and Emory University are currently expanding – a key indicator that hundreds of jobs will are coming to the neighborhood in -the near future.
“We are very pleased to further our Atlanta focus now to the wonderful North Druid Hills neighborhood,” said W. Allen Morris, Chairman and CEO of The Allen Morris Company. “We are always looking at the future when we choose a location to create communities that people will call home. This North Druid Hills development will raise the bar for the area and those that want to live a short distance from work.”
“As a firm, we are believers in the rising future of Atlanta and are particularly excited by the long-term employment and wage growth story within the North Druid Hills corridor,” adds Spencer Morris, EVP and Chief Investment Officer of The Allen Morris Company. “In this project we will deliver a best-in-class product targeting the neighborhood’s growing employment hub.”
The Allen Morris Company’s developments provide residents and tenants alike with the opportunity to indulge in modern living spaces in close proximity to Atlanta’s vibrant epicenters. The North Druid Hills project will be the company’s 87th development. It currently also has several developments in process within Atlanta including the nationally acclaimed and recently completed Star Metals District in West Midtown.
For additional information visit www.allenmorris.com
