The Beltline’s Southside Trail, just west of the Downtown Connector, is once again proving its effectiveness as a magnet for new homes.
Developer Rangewater Real Estate is forming the first new market-priced apartment building in the Capitol View neighborhood with a 325-unit project called Vivian along the extreme southwestern edge of the Beltline Loop.
As evidenced by a recent site visit, Vivian’s first three buildings are largely erected, and their signature amenity areas are beginning to form adjacent to them.
Vivian owns 8.5 acres of a long-disused auto battery factory adjacent to both the Beltline and the Metropolitan Parkway, and Rangewater multifamily homes along the Southside Trail corridor. continues. The plan calls for two beltline entry points.
15% of the apartments will be priced at “attainable rent” to meet the city’s specifications for the Beltline’s new multi-family projects. Per RangeWaterThe company says they will be reserved for renters earning 80% of the median income in the area.
RangeWater officials say rents for studio apartments start at $1,200.
One and two bedroom rentals are also available in three buildings ranging from three to five stories. Amenities near the Beltline include a pool, club room, fitness center, and dog park.
The Allene Avenue site operated as a battery manufacturing plant for Exide Technologies for nearly 40 years until it closed in 1988. The old industrial building was demolished last year.
For Rangewater (formerly Pollack Shores Real Estate Group), the project is the third along the interim Southside Trail corridor, following a 319-unit complex near The Beacon in Chasewood Park called Skylark. A major investment. maverick project Located in Peoplestown. ParkProperty Capital is the equity partner for the latest deal.
Its activity joins a wave of new homes along the Southside Trail corridor. apartment,Sale condominiumand more expensive detached house— Developers rushed to take advantage of land deals before beltline segments in the area were paved.
RangeWater representatives call the “gritty character” of the unpaved beltline on the Southside Trail corridor its selling point. But Vivian debuts as his piece on the first paved and landscaped Beltline that branches off the Westside Trail.on the Southside Trail 0.8 mile segment 1— completed a year ago on the property’s front door.
When the Vivian Project was announced in August 2021, RangeWater officials expected the first Capitol View apartment to be completed later this year. That goal seems impossible at the moment, as the roof of the first building has not yet been installed.
Visit the gallery to see where The Vivian project stands now and beyond.
• Image: How Southside BeltLine’s Giant ‘Maverick’ Project Turned Out (Urbanization of Atlanta)