Alliance Residential Co. has acquired 74.9 acres in Jefferson, Ga., where it plans to develop Prose Concord, a new multifamily property totaling 300 units. This property will be Alliance Residential’s first launch of Prose in the Southeast. Construction will begin on Prose Concord this year with an expected completion date of March 2022. Architect Hensley Lamkin Rachel Inc. is designing the development
. Prose Concord will include one- and two-bedroom apartment units averaging 1,008 square feet. Apartments will feature stainless steel appliances, wood plank-style flooring, walk-in closets, storage and dining-sized kitchen islands. Community amenities will include a fitness center, co-working spaces, pet park and a 24/7 package concierge. The multifamily community will be located on the northeast side of Atlanta, close to many industrial spaces. Over the past few years, 18 million square feet of industrial warehouse and distribution space has been delivered within a five-mile radius of Prose Concord. Another four million square feet of industrial space is currently under development. Recently, Amazon and Walmart leased 800,000 and 1 million square feet of space, respectively, within a few miles of Prose Concord. Reported by REBUSINESS Online. For complete contact information for all business leaders at Alliance Residential and the other leading U.S. multifamily developers and buildings including all corporate and division contacts, consult The Directory of Multifamily Builders & Developers and Online Database.
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