WASHINGTON, D.C. – (RealEstateRama) — Crescent Communities, has secured financing for an upscale for-rent multifamily community now under way in Atlanta’s booming Perimeter neighborhood.
The community, Crescent Perimeter, will consist of 320 apartments units ranging from one to three bedrooms. Situated at 5755 Glenridge Road in Sandy Springs, Georgia, the contemporary community will be four and five stories surrounding a parking deck within the 26-acre Lakeside office park just north of I-285.
Crescent Perimeter is rising in the heart of Atlanta’s Central Perimeter business district, a major regional center that has recently attracted several iconic companies – including the headquarters of Mercedes-Benz USA, State Farm, and The Weather Channel. Crescent’s new apartment community will also serve employees of Atlanta’s largest concentration of hospitals and medical offices, affectionately known as Pill Hill.
Crescent expects the first residents to move into Crescent Perimeter in the third quarter of 2018.