The Novare group plans to build a 23 story building in Midtown. It could include more than 300 apartments. As the Atlanta Business Chronicle reports, it’s the latest sign there’s a growing demand in the rental market.
The proposed Novare building would go up at 6th and Juniper. A few blocks away at 12th and Crescent, developers are building a tower with 330 apartments.
Even homebuilder Beazer announced its getting into the rental market. Alan Wexler is CEO at Databank, an Atlanta based real estate research firm.
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