The Novare Group and the Batson-Cook Development Company have made it official in stating they will begin next month to build a 23-story 320-unit luxury apartment tower in Midtown known as 100 6th Street.
The $63 million mixed-use project will stand behind the existing 36-story Viewpoint condo tower and five percent of its units will be offered as affordable housing.
The city’s economic development arm, Invest Atlanta, announced late this week the approval of tax abatements worth about $3 million for the project that is expected to be completed by late 2013.
Novare President Jim Borders said he hopes the affordable component of the apartment tower would be enticing to police officers, firefighters, and educators.
Invest Atlanta’s Brian McGowan told the Atlanta Journal-Constitution that 100 6th Street is “a great public-private partnership supporting job creation, providing affordable housing and bringing incremental property tax revenue to the city.”
Not far away, Novare and Batson-Cook have almost completed SkyHouse Midtown after breaking ground on the mixed-use project in January of this year.
The 23-story 320-unit apartment building at the corner of West Peachtree and 12th streets will feature studio, 1 and 2 bedroom apartment homes topped by an amenity deck 230 feet above street level.