ATLANTA, GA - Alliance Residential Company, one of the largest multifamily developers in the nation, has purchased 2.53 acres at 230 Martin Luther King Jr. SE Drive in Atlanta, Georgia, to develop Broadstone Metal Works, a 278-unit apartment community adjacent to Georgia State University’s soccer facility. Designed by Dynamik Design, Broadstone Metal Works will welcome its first residents in summer 2023.
“With so much energy and revitalization coming to the Memorial Drive corridor, we are thrilled to bring our brand of living to the neighborhood with the development of Broadstone Metal Works,” said Noah Randall, Managing Director at Alliance Residential Company. “From its short commute to downtown jobs and easy access to the city’s top dining and entertainment districts to its proximity to expansive greenways and parks, this neighborhood is the perfect recipe for urban luxury living.”
Broadstone Metal Works will be a five-story building with a mix of studio, one-, two- and three-bedroom apartments averaging 790 square feet. Apartments will feature nine-foot ceilings, stainless steel appliances, custom cabinetry, and hardwood flooring. Luxury amenities will include a rooftop resort-style pool, co-working space, entertainment clubroom, and first-class fitness center. Amenities and select apartment homes will also benefit from uninterrupted downtown views.
It’s been an active two years for Alliance Residential Company with seven projects in the Metro Atlanta area. Broadstone Upper Westside will open its doors for leasing in January 2022. In August 2020, the company welcomed residents to Broadstone Junction in Norcross and Broadstone Sugar Hill and began construction at Broadstone Pullman, the only multifamily property at the historic Pratt Pullman District. In April 2021, the company welcomed residents to Broadstone Summerhill, a luxury multifamily development in the heart of the Summerhill neighborhood. More recently, in November 2021, the company acquired 9.23 acres to develop Broadstone Peachtree Corners and 36.16 acres to develop Prose Fairview in Covington.
About Alliance Residential Company: Alliance Residential Company is one of the largest and most active rental residential real estate developers in the United States. Headquartered in Scottsdale, Arizona with 19 regional offices, Alliance is focused on the development, construction and acquisition of residential communities across 17 states and 33 metropolitan markets. Alliance develops high-end Broadstone multifamily communities, Holden senior housing communities, and workforce housing properties through its Prose brand. For more information, visit www.allresco.com