High Street Adding 350 Rental Units to Brookhaven
High Street Residential, the multifamily housing subsidiary of Dallas-based Trammell Crow Co., has closed on 4 acres at 5005 Perimeter Blvd in Brookhaven. It paid $11.5 million in an all-cash transaction.
The Atlanta Business Chronicle reports High Street plans to develop around 350 apartments at the corner of Perimeter Center Parkway and Lake Hearn Drive. Rising seven stories, this will be the first set of residences as part of Perimeter Summit. Perimeter Summit already has four office towers and a Hyatt Regency Hotel.
Even though financing has not been secured, High Street plans to break ground in November.
Atlanta Commercial Real Estate News