In a statement released on Wednesday, September 11th, Wood Partners will break
ground in the first half of 2014 on the first high-rise multifamily
project in Midtown Atlanta to solely use natural gas for home heating,
hot water and cooking.
The project will take shape at Peachtree Place and West Peachtree Street, which is currently a surface parking lot. According to the release, "the development will provide much-needed housing in Midtown, where job growth has outstripped housing supply."
Midtown housing supply seems to be at a record high, though this may not be the case.
According to Wood Partners, "Midtown’s population—an
eclectic mix of students, academics, artists and upscale
professionals—grew 105 percent, from 17,000 in 2000 to 35,000 in 2010,
and the area is projected to gain another 17,000 people by 2016."
The draw to this 350-unit high rise that includes high-rise and mid-rise residential buildings and approximately 20,000 square feet of retail space, is the partnership with Atlanta Gas Light.
“Wood Partners has done
an extensive cost-benefit analysis on the use of natural gas, and we are
confident that natural gas will not only generate long-term savings to
the project but it will also provide our residents with added benefits
that come with using a clean, efficient and cost-effective fuel,” said
Bennett Sands, director in Wood Partners’ Atlanta office.
The property will feature spectacular skyline views of Midtown and
downtown. Top-of-the-line amenities will include a resort-style pool
deck, club rooms, and one-of-a-kind urban park and courtyard space.