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| Artists rendering of the planned Circle Terminus apartment development |
Crescent
and Cousins have been working together for more than a year in the planning for
this new addition to Terminus. The architecture of the three, eight-story
buildings (three levels of parking topped by five stories of apartment homes)
that comprise Circle Terminus blends with the existing contemporary buildings
in the development.
The
first units are expected to be available in the spring 2014.
BuckheadView
has reported extensively on Crescent’s visits with the SPI-12 (special public
interest district) Development Review Committee, which suggested several
changes to the original plans to make the apartment development more appealing
to the public traffic—both vehicle and pedestrian. (For those stories go here.)
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| Above is site plan for the Circle Terminus project showing units, amenities |
Circle
Terminus is designed to meet Leadership in Energy and Environmental Design
(LEED) certification requirements from the U.S. Green Building Council. Lord
Aeck & Sargent of Atlanta is the project architect. Southern Civil
Engineers of Atlanta serves as the civil engineer while Vignette Interior
Design of Charlotte is the interior designer
LandDesign
of Charlotte is the land planner and landscape architect, and, and Hardin
Construction of Atlanta has been named the general contractor. Greystar, will
serve as the property manager.
Unique
amenities will include a salt-water resort-style pool, roof-top terraces with
skyline views, a wine bar and tavern, fitness center, dog walk park, an art
gallery and a business center. The apartments will feature granite countertops,
stainless steel appliances, faux hardwood flooring and a custom lighting
package.
Circle
Terminus is being financed by an equity investment from Crescent Resources. The
construction lender is JPMorgan Chase & Co.
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| This is an artist rendering of the rooftop terrace area of the apartments |
"This
site has all the ingredients for a very successful luxury apartment
community," said Ben Collins, regional director for Crescent Resources.
"Its location in the heart of Buckhead is ideal. And, with its existing
world-class office space, luxury condominiums, outstanding public art,
five-star dining and street level retail, Circle Terminus will offer a unique
lifestyle that allows residents an opportunity to work, play and live all
within easy walking distances.”
"We
selected Crescent Resources for this important aspect of Terminus due to its
expertise, experience, financial resources and commitment to sustainable
development," said John McColl, executive vice president of Cousins
Properties. "As a proven developer of high-quality, successful apartment
communities, they are a welcome addition to the development team at
Terminus."
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| Above is an artist rendering of the roadway through the apartment complex |
With
the start of the Circle Terminus, Crescent has 2,906 multifamily units in
communities valued at $442 million under construction throughout the Southeast.
The company has developed more than 20 apartment communities.
While
this is Crescent's first multifamily development planned for Atlanta, Crescent
Resources has been an active developer in the metro area for more than two
decades. The company developed the residential communities Sugarloaf Country
Club and The River Club as well as office and industrial parks Crescent Ridge,
Satellite Place, Riverside and Corporate Centre at Deerfield. Along with
Manulife Financial, the company is also the developer of Phipps Tower.
Now this is one design I can get excited about. The people building the Holiday Inn Express apartments on the Dante's site should take note.
ReplyDeleteIt's interesting - The better designed buildings (Terminus, this project, etc.) go to Buckhead, where the traffic, infrastructure, and general environment is highly anti urban. However, in Midtown, where the environment and infrastructure is more geared towards an urban environment, they get the crap that Novare spits up...
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