ATLANTA, GA (Jan. 17, 2021) – The Allen Morris Company, one of the largest diversified real estate firms in the southeast, has broken ground on Bryn House, a mixed-use luxury rental community in the North Druid Hills neighborhood of Atlanta. Estimated completion date is Spring of 2023.
The Allen Morris Company recently closed on the financing with Truist and PNC. Juneau Construction Company, who recently completed Star Metals Residences for the Allen Morris Company, will once again serve as the general contractor and oversee all construction.
The five-story, 337-unit residential building will include 574,479 buildable SF including a 175,00 SF parking deck and 2,000 SF of ground floor retail, inclusive of a coffee shop and wine bar connected to a pocket park with shaded outdoor seating and games. Additional amenities will include an elevated pool deck with private cabanas and trellised grilling areas, state-of-the-art gym, event space, game room, and onsite dog park.
The new community will support the housing needs for healthcare workers and university employees from the Children’s Healthcare of Atlanta (CHOA) and Emory University medical campus respectively.
Both CHOA and Emory University are currently expanding – an indicator of job expansion in the area and subsequent housing needs.
“We are very pleased to partner with Truist and PNC for the financing on this outstanding project,” said Spencer Morris, Chief Investment Officer of the Allen Morris Company. “With the expansion of the Emory & CHOA medical campuses, the North Druid Hills corridor is poised to become a world-class medical & bioresearch hub. As a result, we believe there’s a distinct need for high-quality rental housing in the neighborhood that isn’t currently being met.”
The Allen Morris Company’s developments provide residents and tenants alike with the opportunity to indulge in modern living spaces in proximity to Atlanta’s vibrant epicenters. The North Druid Hills project will be the company’s 86th development. It currently also has several developments in process within Atlanta including the nationally acclaimed and recently completed Star Metals District in West Midtown.
The multi-faceted Allen Morris Company has several projects throughout Atlanta, Central Florida and South Florida, and is currently looking at new opportunities throughout the Southeast.
For additional information visit www.allenmorris.com
About Allen Morris Company
The Allen Morris Company is one of the largest real estate firms in the Southeast U.S., completing their 85th development project and specializing in office buildings, multi-family residential, hotels, mixed-use developments, leasing and brokerage, and property management. With offices in Miami, Coral Gables, Fort Lauderdale, Orlando, and Atlanta, The Allen Morris Company has served its business and investment clients for 63 years. For more information, please visit www.allenmorris.com, or follow us on Instagram at @allenmorrisco or Facebook at www.facebook.com/TheAllenMorrisCompany.